Elective payment elections for clean energy tax credits, Form 990-T: where and how to file
Internal Revenue Service (IRS) sent this bulletin at 04/29/2024 01:09 PM EDT
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Elective payment elections for clean energy tax credits, Form 990-T: where and how to file Entities must file a tax return to make an elective payment election under IRC section 6417 for clean energy tax credits. Entities for which no such return is required (such as State, local and Indian tribal governments) make an elective payment election on a timely filed Form 990-T, Exempt Organization Business Income Tax Return, with properly completed source credit forms, a properly completed Form 3800, General Business Credit (or its successor), and any required return attachments and information required in instructions to the relevant forms. Entities filing only to make an elective payment election with no unrelated business taxable income, including certain entities not subject to federal income tax and not otherwise required to file any annual tax or information return, will complete portions of the form specified in the instructions. For additional information on how to complete Form 990-T and due dates for filing, see Instructions for Form 990-T. An entity that is an organization or trust defined in section 511 and needs to file Form 990-T is required to file electronically. For additional information, visit IRS.gov/E-file. An entity that is not an organization or trust defined in section 511 (such as a State, local and Indian tribal government), and is filing Form 990-T to make an elective payment election, is encouraged but not required to file electronically. For more information on electronic filing, visit the Modernized e-File page on IRS.gov. To file by mail, complete Form 990-T and other forms as required, and mail to: Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027
Additional information about clean energy credits can be found at IRS.gov/cleanenergy If you have a technical or procedural question relating to government entities, please visit IRS.gov/fslg. For employment tax and account related questions, call the Business and Specialty Tax Line at 800-829-4933. For guidance on the technical aspects for filing information returns through the Filing Information Return Electronically (FIRE) System call Technical Services Operation at 866-455-7438. |
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