Treasury and IRS Propose Guidance on IRA Prevailing Wage and Apprenticeship Rules
For organizations and institutions interested in claiming bonus amounts of federal tax benefits for clean energy and green building projects under the Inflation Reduction Act, the Treasury Department and the IRS have proposed regulations detailing the requirements, correction processes, and penalties related to the wage and apprenticeship provisions in the act.
IRS Opens Direct Pay Election Tool for Clean Energy Credits
Colleges and universities pursuing a direct pay election for qualifying Inflation Reduction Act credits must register their intent with the IRS.
IRS Reopens Comment Period for 1098-T Reporting Requirements Proposed in 2016
In one of several efforts by the Biden administration to complete long-awaited regulatory projects related to serving students, the IRS is accepting comments on Form 1098-T institutional reporting requirements that were proposed almost eight years ago.