In a move to provide relief for taxpayers developing renewable energy projects and producing electricity from sources such as wind, biomass, geothermal, landfill gas, trash, and hydropower, the IRS has issued Notice 2020-41 which adds an extra year to the four year “Continuity Safe Harbor” for certain projects that began construction in 2016 or 2017.
Continue Reading IRS Extends Continuity Safe Harbor from 4 to 5 years.