The Internal Revenue Service (IRS) is taking a proactive stance in the fight against identity theft by urging tThe Internal Revenue Service and the Treasury Department plan to propose regulations on a provision of the One Big Beautiful Bill Act restricting certain energy-related tax credits when so-called “prohibited foreign entities” have provided any material assistance.

Link: https://www.accountingtoday.com/news/irs-gives-guidance-on-energy-tax-credits-prohibited-foreign-entities