Tax-exempt organizations without direct pay registration number for clean energy credits urged to contact IRS
Entities that have submitted pre-filing registration package and meet certain criteria are asked to contact the IRS
The IRS on September 11, 2024, issued a transmittal message asking tax-exempt organizations and government entities that have submitted a registration for elective payment (also known as “direct pay”) of credits and not received a registration number to contact the IRS.
The “Inflation Reduction Act” (IRA) and the “CHIPS Act of 2022” allow tax-exempt organizations and government entities, such as state, local, and tribal governments, to take advantage of certain manufacturing investment, clean energy investment and production tax credits through elective payment (also known as “direct pay”) or transfer. To be eligible to make the election on a tax return, entities must register with the IRS before filing. Registration numbers must be included on the entity's tax return for an elective payment election to be effective.
Entities that have submitted a pre-filing registration package and meet the following criteria are asked to contact the IRS:
- The extended due date for annual tax return is approaching (within 60 days)
- Registration package submitted more than 90 days ago
- The status of registration package has not changed within the last 30 days
Organizations can contact the IRS by email at irs.elective.payment.or.transfer.of.credit@irs.gov with the following information:
- Subject line: Where's My Registration
- Details to include:
- Name, last four digits of EIN, and address of the registering entity
- Date the registration package was submitted (or an estimate if unsure of the exact date)
- Name and telephone number for a contact person (must be authorized to receive private taxpayer information about the registering entity (e.g., an officer, trustee, or representative with IRS Form 2848, Power of Attorney))
For more information, contact your usual KPMG tax professional or one of the following Washington National Tax professionals:
Ruth Madrigal | ruthmadrigal@kpmg.com
Preston Quesenberry | pquesenberry@kpmg.com