On April 4, 2023, the Internal Revenue Service (IRS) released Notice 2023-29 (which follows an earlier notice [Notice 2022-51] released in October 2022 soliciting comments on bonus tax.
On April 4, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) released Notice 2023-29 (the “Notice”) providing a high-level overview of the.
Department of Treasury and Internal Revenue Service IRS released Notice 2023-29 providing high-level overview of the rules they intend to include in forthcoming proposed regulations for determining what constitutes energy community” under Section 45b11B of the Code.