Tax Credit Registration Services
Monetizing renewable energy tax credits available through the Inflation Reduction Act, either as a transferable credit or via direct pay, involves a complex registration process that may prove overwhelming, time-consuming, and labor-intensive—especially for not-for-profit entities unfamiliar with tax-filing procedures.
The process hinges on applying for and receiving a project registration number after a project is placed in service but before filing the associated tax returns. Missing any critical details can result in a significant loss of federal funds.
Align your submission process and objectives to a timeline that facilitates realizing the applicable credit without overburdening your staff or missing critical deadlines.
Discover how our professionals can help bring these tax credit funds to your balance sheet.
Overcome Challenges and Claim the Credit
Whether you’re a for-profit entity familiar with buying and selling tax credits or a not-for-profit organization looking to leverage federal renewable energy tax credits, accessing professional support during the tax credit registration process can accelerate the application submission as well as support process accuracy.
Realize Tax Credit Dollars
Increase your organization’s ability to capture applicable tax credits by successfully applying for and receiving project registration numbers on the first try. Credits must be taken in the current tax year a project is placed in service. Completing the application accurately directly impacts receipt of federal funds as you’ll lose the opportunity should you miss the designated timeframe.
Leverage All Applicable Tax Credits
Enhance your refund by identifying all the renewable energy tax credits applicable to your organization’s projects, including the 45Q, 45V, and 45X credits, and correctly incorporating them into your project registration application.
Meet Timeline Restrictions
Facilitate a successful refund or transfer by adhering to a carefully crafted timeline that allows you to receive your project registration numbers from the IRS before your or your buyer’s tax filing deadline. Registration numbers can’t be retroactively added to amended returns so getting the application timing right is critical to claiming and receiving the tax credits.
Lower Associated Costs
Save time and reduce labor costs by navigating the registration submission process with insights and guidance from professionals experienced with creating successful application packages.
Master Multi-Entity and Multi-Project Scenarios
Increase refund potential and overcome multi-entity or multi-project registration challenges with a cohesive strategy that evaluates and identifies the reporting entity hierarchy for your situation while matching projects with tax credits for a positive outcome.
Realize Tax Credit Dollars
Increase your organization’s ability to capture applicable tax credits by successfully applying for and receiving project registration numbers on the first try. Credits must be taken in the current tax year a project is placed in service. Completing the application accurately directly impacts receipt of federal funds as you’ll lose the opportunity should you miss the designated timeframe.
Leverage All Applicable Tax Credits
Enhance your refund by identifying all the renewable energy tax credits applicable to your organization’s projects, including the 45Q, 45V, and 45X credits, and correctly incorporating them into your project registration application.
Meet Timeline Restrictions
Facilitate a successful refund or transfer by adhering to a carefully crafted timeline that allows you to receive your project registration numbers from the IRS before your or your buyer’s tax filing deadline. Registration numbers can’t be retroactively added to amended returns so getting the application timing right is critical to claiming and receiving the tax credits.
Lower Associated Costs
Save time and reduce labor costs by navigating the registration submission process with insights and guidance from professionals experienced with creating successful application packages.
Master Multi-Entity and Multi-Project Scenarios
Increase refund potential and overcome multi-entity or multi-project registration challenges with a cohesive strategy that evaluates and identifies the reporting entity hierarchy for your situation while matching projects with tax credits for a positive outcome.
Support Throughout the Application Process
Our professionals can prepare the registration, including necessary documents and more on your behalf.
Although each registration application is unique, below is a general overview of project approach.
- Discovery. Review projects and expected credits to determine scope of work and verify all credit opportunities are leveraged.
- Determine Timeline. Establish a registration submission timeline that allows your organization to receive the needed registration numbers from the IRS before the applicable tax return is filed.
- Analyze Entities and Establish Submission Logistics. For taxpayers with multiple entities and multiple projects, our professionals work with you to establish an overall registration strategy. Determine if the registration submission requires a bulk information upload to the IRS client portal and if so, make the necessary arrangements for collecting and storing needed documents.
- Review Credit Types. Confirm credit types are correct and determine what type of documentation is needed to secure the registration number.
- Create Submission Packet. Request and receive needed client information used to assemble the submission packet and prepare supporting documentation, like executive summaries.
- Upload, Review, and Submit. Complete submission forms in the IRS client portal, upload supporting documentation, and confirm submission package is complete. Client reviews application in the portal and submits.
- Post-Submission. If the IRS has questions or rejects a submission, we help you address the issue and get your registration application back on track.
Extensive Tax Credit Experience
Deeply immersed in more than 30 industries, our professionals have significant experience helping organizations claim tax credits and incentives. We provide solutions specific to the nuances, challenges, and operations of the sector in which you work—while customizing plans to meet your unique needs.
With dedicated practices serving renewable energy, construction, oil and gas, power and utilities, manufacturing, Tribal and gaming, government services, not-for-profit organizations, and others, we view challenges from the perspective of organizations that may especially benefit from opportunities provided by the act.
Our one-firm approach allows your organization to tap into the full resources of our firm, integrating guidance related to integral support areas to pursue credits, incentives, and other opportunities including tax transactions; environmental, social, and governance; and other services.
Social responsibility, environmental stewardship, and other initiatives intrinsic to the Inflation Reduction Act are core to Moss Adams values and business practices—and drive how we engage our clients, people, and the communities in which we live and work.
Insights
Primary Contact
Contact Us
Thank you. Your contact request has been received. We will be in touch soon.
Primary Contact