IRS Issues Announcement No. 2024-40 Entitled 'Federal Income Tax Treatment of Certain Amounts Paid or Incurred'
December 14, 2024
December 14, 2024
WASHINGTON, Dec. 14 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following announcement (No. 2024-40) in Internal Revenue Bulletin (No. 2024-51, Dec. 16, 2024):
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This announcement confirms for purposes of Sec. 48D of the Internal Revenue Code (Code)/1 that amounts paid or incurred by a taxpayer for the construction, expansion, or modernization of advanced manufacturing facilities pursuant to an agreement entered into with the United . . .
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This announcement confirms for purposes of Sec. 48D of the Internal Revenue Code (Code)/1 that amounts paid or incurred by a taxpayer for the construction, expansion, or modernization of advanced manufacturing facilities pursuant to an agreement entered into with the United . . .