Shusheng Wang

May 22, 2024 | jdsupra.com | Zhiguo Du |Shusheng Wang

On May 6, 2024, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published final regulations (Final Regulations) regarding clean vehicle tax credits under Internal Revenue Code sections 25E and 30D established by the Inflation Reduction Act of 2022 (IRA). Among other important guidance, the Treasury regulations finalized its rules on Foreign Entity of Concern (FEOC) restrictions regarding the section 30D tax credit.

May 21, 2024 | natlawreview.com | Zhiguo Du |Shusheng Wang |Emily Cook |Bryan Frederick

On May 6, 2024, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published final regulations (Final Regulations) regarding clean vehicle tax credits under Internal Revenue Code sections 25E and 30D established by the Inflation Reduction Act of 2022 (IRA). Among other important guidance, the Treasury regulations finalized its rules on Foreign Entity of Concern (FEOC) restrictions regarding the section 30D tax credit.

Dec 27, 2023 | jdsupra.com | Zhiguo Du |Shusheng Wang

On December 4, 2023, the U.S. Department of the Treasury and Internal Revenue Service (IRS) published long-awaited proposed regulations (Notice of Proposed Rulemaking) regarding the Foreign Entity of Concern (FEOC) exclusions related to Internal Revenue Code Section 30D (“Section 30D”) clean vehicle tax credits established by the Inflation Reduction Act of 2022 (IRA).