If you viewed the 2023 Instructions for Form 7210 before February 26, 2024, please note the following updates.
- On page 1, under Credit transfers, we added ¡°and electing taxpayers¡± after the word ¡°entities.¡±
- On page 1, a new section, Electing taxpayers was added.
- On page 2, under Applicable entities, the fourth paragraph clarifies that the election to treat the credit as a payment generally applies to 2023 and any subsequent year during the 10-year period beginning on the date such facility was originally placed in service.
- On page 2, a new section, Taxpayers electing to be treated as applicable entities was added.
- On page 2, under Credit transfers, we added ¡°that don¡¯t elect payment¡± between ¡°S corporations¡± and ¡°can.¡±
- On page 4, under Additional information, item number 3, we removed the text related to sections e, h, and i. Subsequently, the sequence was updated.
- On page 4, under Applicable wage determinations, we removed the Caution.
The updated 2023 Instructions for Form 7210 were posted on IRS.gov on February 26, 2024.