A new Internal Revenue Service (IRS) Private Letter Ruling says that transferable development rights (TDRs) are of “like kind” with tangible real property and eligible for 1031 tax deferred treatment

Continue Reading IRS Rules Transferable Development Rights Are Real Property for Section 1031 Purposes

On June 14, 2023, the IRS released proposed regulations and additional guidance describing rules for applicable taxpayers to benefit from investments in renewable energy projects through a direct payment of

Continue Reading IRS Releases Guidance on Elective Payments and Transferability of Certain Tax Credits

On May 31, 2023, the IRS released Notice 2023-44, which provides additional guidance for applicants seeking allocations of the Qualifying Advanced Energy Project Credit under Section 48C of the

Continue Reading IRS Provides Additional Guidance for Advanced Energy Projects Under Section 48C of the Code