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Taxes

IRS Seeks Feedback on Soon-to-Be Released Energy Credit Guidance

The comments will help the IRS draft rules most reflective of the needs of taxpayers entitled to claim energy credits.

The IRS on Thursday issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.

The IRS anticipates that constructive comments from interested parties will aid the agency in drafting guidance most reflective of the needs of taxpayers entitled to claim energy credits.

  • Notice 2022-56 requests comments related to the qualified commercial clean vehicles provisions and the alternative fuel vehicle refueling property.
  •  Notice 2022-57 requests comments related to the credit for carbon capture.
  •  Notice 2022-58 requests comments related to the credit for the production of clean hydrogen and the clean fuel production credit. 

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The IRS is requesting that those interested in providing feedback to the questions in the notices do so by Dec. 3, 2022.

The latest information on energy guidance and other issues related to the Inflation Reduction Act is available on a special page on IRS.gov.