IRS Notice: Clean Fuel Production Credit Registration Requirements (IRC §45Z)

Guidance on the registration requirements for the clean fuel production credit determined under I.R.C. §45Z, the IRS provided. A taxpayer must have a signed registration letter from the IRS dated on or before Jan. 1, 2025, for the taxpayer to be eligible to claim the §45Z credit for production starting Jan. 1, 2025, the IRS noted. Taxpayers should apply for registration as soon as possible to give the IRS sufficient time to process registration applications. The IRS intends to issue additional guidance on other aspects of the § 45Z credit at a later date, the IRS stated. [IRS Notice 2024-49, ...