JD Supra

Treasury Department and IRS Issue Final Regulations Regarding the Clean Electricity Tax Credits Under Sections 45Y and 48E of the Internal Revenue Code

On January 7, 2025, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) released final regulations [TD 10024] (Final Regulations) providing guidance on the Clean ...
JD Supra

IRS clarifies emergency expense and domestic violence distributions

The Internal Revenue Service issued guidance in Notice 2024-55 on applying exceptions to the 10% excise tax under Internal Revenue Code (IRC) Section 72(t) for emergency personal expense distributions ...
Forbes

Section 453: Deferred Sales Trusts Vs. Monetized Installment Sales

The Internal Revenue Code (IRC) Section 453 provides a mechanism for deferring capital gains taxes through installment sales. However, not all strategies that claim to rely on this section are treated ...

83(b) Election: Tax Strategy and When and Why to File

Learn how the 83(b) election lets employees/founders prepay taxes on restricted stock to save money. Understand benefits, ...
Cheapism on MSN

The IRS may owe you a COVID refund — but not for much longer

A federal court decision could make millions eligible for refunds of IRS penalties and interest assessed during the pandemic, a development with time-sensitive implications. The ruling in Kwong v.