On 25 April 2024, the U.S. IRS announced the release of final guidance (regulations) on the transfer of certain credits for cash payments under the Inflation Reduction Act. The regulations are scheduled to be formally published in the Federal Register on 30 April 2024. --- IRS releases final guidance on transfers of certain credits under the Inflation Reduction Act WASHINGTON — The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations. The Inflation Reduction Act and...