5 Takeaways From Tax Court's Solar Project Ruling

By David Burton, Jeffrey Davis and Xiao Xiao  (June 14, 2018, 2:56 PM EDT) -- In a case decided last week, the U.S. Tax Court ruled in the taxpayer's favor as to three California distributed generation solar projects' eligibility for the energy credit under Section 48 and bonus depreciation under Section 168. However, the Tax Court did reduce the taxpayer's basis in the projects and the taxpayer in the case enjoyed significant procedural advantages due to mistakes by the IRS....

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