California issues guidance on liability for unemployment, disability and employment training tax for employees working temporarily in the state due to COVID-19

15 September 2020

IRS issues final regulations on allocating IRC Section 47 rehabilitation credit over five years

The IRS has issued final regulations (TD 9915) clarifying how the rehabilitation credits for historic buildings under IRC Section 47, as modified by the Tax Cuts and Jobs Act (TCJA), must be allocated ratably over five years and coordinated with the investment credit. The final regulations adopted the proposed regulations without modification (see Tax Alert 2020-1402). A Tax Alert is forthcoming.

Document ID: 2020-2544

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