Closely following the IRS’s announcement of 2024 inflation-adjusted limits for retirement plans ( Notice 2023-75 ), the IRS also has announced its 2024 inflation-adjusted limits for health FSAs,...
Use Practical Guidance’s State Law Comparison Tool (SLCT) to compare real estate laws among several states. With SLCT you can customize and generate a report tailored to your needs for comparing...
As Q4 kicks into high gear, make sure you leave room on your favorite associate’s plate for this new professional development video from Practical Guidance! Covering key tips and skills they will...
Interested in the intersection between the metaverse, the workplace, and employment law? Listen to this Practical Guidance podcast featuring attorney Tim Taylor of Holland & Knight. Listen now »...
Review the key issues to consider when negotiating and drafting a software license agreement. This practice note covers, among other things, the scope of the software license, delivery and installation...
Section 30D of the Internal Revenue Code was enacted by Section 205(a) of the Energy Improvement and Extension Act of 2008, Division B of Public Law 110-343 (October 3, 2008), to provide a credit for purchasing and placing in service new qualified plug-in electric drive motor vehicles. The Code section has been amended several times since its enactment, most recently by the Inflation Reduction Act of 2022. In general, these amendments apply to vehicles placed in service after December 31, 2022. IRS just released procedures (Rev. Proc. 2023-33) under I.R.C. Sections 30D(g) and 25E(f) for the transfer of the clean vehicle credit or previously owned clean vehicle credit from the taxpayer who elects to transfer such credit to an eligible entity. These procedures will apply to transfers of credits after December 31, 2023. They include registration procedures with the IRS for qualified manufacturers and sellers, as well as procedures for dealer registration and the suspension and revocation of that registration. The revenue procedure also establishes a program to make advance payments of credit amounts to registered dealers.
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