As part of the Inflation Reduction Act (IRA), clean energy companies that satisfy certain prevailing wage and registered apprenticeship (PWA) requirements can claim enhanced tax credits and deductions. The IRS and U.S. Treasury Dept. have announced proposed guidance to help qualified businesses claim the tax benefits, including taxpayers that initially failed to satisfy the PWA requirements but seek to cure the failure. The IRS has also released FAQs to provide answers to energy facility and project owners with questions about IRA tax breaks, prevailing wage requirements and other related topics. To read the FAQs: https://bit.ly/3OZ53iO
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