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IRS Grants Safe Harbor For Utilities With Accounting Errors

By Natalie Olivo (September 7, 2017, 8:08 PM EDT) -- The IRS on Thursday said it is offering so-called safe harbor to utilities that unknowingly failed to comply with accounting requirements related to tax incentives for investments, such as new power plants, saying the bookkeeping rules ensure utilities don't use tax benefits to set lower rates instead....

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