This article comes from law firm Troutman Sanders LLC The IRS has taken the position that in the course of an audit of a taxpayer’s return, it has the authority to challenge the amount of a Section 1603 Treasury cash grant previously paid to the taxpayer in the year under audit. This comes as a…

This article comes from law firm Foley & Lardner LLC The U.S. Treasury and NREL recently revised the application process for certain projects seeking to qualify for cash grants in lieu of tax credits under Section 1603 of the American Recovery and Reinvestment Act of 2009 (Section 1603). To be eligible for a Section 1603…