The following notice provides guidance in a
question-and-answer format on tax-related issues involving cash payments for
specified energy property in lieu of tax credits under Section 1603 of the
American Recovery and Reinvestment Tax Act of 2009. The Department of the
Treasury established an email address (1603Questions@do.treas.gov) for Section
1603 questions, to which taxpayers and their representatives submitted some of
the questions contained in this notice. The Internal Revenue Service received
additional questions by telephone and facsimile. Any guidance, documents,
interpretations, or approvals issued by Treasury relating to the Section 1603
program are not precedent for the federal income tax treatment of specified
energy property under sections 45 and 48 of the Internal Revenue Code.
IRS Guidance
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