Home      Login


IRS Revokes a Ruling on Allocating the Cost of Power Purchase Agreements  


Author:  Journal Staff.


Source: Volume 30, Number 03, Spring 2013 , pp.95-96(2)




Journal of Taxation of Investments

next article > |return to table of contents

Abstract: 

A 2012 private letter ruling on basis allocation upon the acquisition of energy facilities that seemed to hold promise for taxpayers, but that was inconsistent with the valuation approach Treasury has taken under the 1603 program, has been revoked.

Keywords: PLR 201249013, basis allocation, 1603 program

Affiliations:  .

Subscribers click here to open full text in PDF.
Non-subscribers click here to purchase this article. $8

next article > |return to table of contents