Insights & Resources

False claims for fuel tax credits land on the IRS’ Dirty Dozen list of tax scams. Learn about the risks and new filing requirements.

The IRS has issued guidance on the registration requirements for producers under the Clean Fuel Production Credit in IRC § 45Z, which begins on January 1, 2025.

The IRS guidance is for hydrogen producers whose hydrogen production pathways are not included in the 45VH2-GREET model.

Improper claims for federal fuel tax credits have been on the rise prompting the IRS to warn taxpayers in its annual Dirty Dozen list of tax scams.

As the reinstated Federal Chemical Superfund Tax nears its second year, taxpayers need to have all statutorily required documentation necessary to substantiate a claim.

The IRS guidance provides additional safe harbors for calculating the lifecycle greenhouse gas emissions reduction percentage, including the use of an approved QAP.

The biofuels industry suffered a blow in the Chemoil case which pitted the alcohol fuel mixture credit against the economic substance doctrine.

Those applying for the Qualifying Advanced Energy Project Credit must use the DOE eXCHANGE portal. It is now open for business. Contact Weaver if you have questions.

On June 14, Treasury and the IRS released much anticipated guidance on the transfer of certain credits in the form of proposed regulations.

The IRS issued proposed regulations on the application of the federal Superfund Tax that address a number of issues surrounding the imposition of the tax.