To be eligible to claim the §45Z credit for production starting January 1, 2025, a taxpayer must have a signed IRS letter for Approval of Excise Tax Registration dated on or before January 1, 2025.
There are two categories of activities for registration – business activities that require registration and activities that may require registration to qualify for tax credits or claims. Form 637 must be reviewed and approved by the IRS before an entity is registered for any activity.
Our experts have compiled a detailed guide to navigate the IRS — outlining the steps, possible outcomes, and provided guidance and recommendations to help facilitate the process. We know many in the renewable fuels sector may not be familiar with the tax code, which is why we’ve created a condensed primer and preview for our full IRS Form 637 Post Application Guide
obtain guidance on irs form 637
Learn more on navigating activity letter CN and CA and activity letter registration
Christianson’s tax experts can help you navigate registering for an IRS Activity Letter and what the application review process will look like. Please reach out if you have questions or need additional guidance.
