Global Project Finance > Tax Equity Telegraph > IRS Rules on Late Inverted Lease Elections
06 Apr '16

This is an article‎ that David Burton published in Tax Notes that discusses three recent Internal Revenue Service rulings in which permission was granted, in what appears to be solar energy project, inverted lease transactions, in two instances to make a late election to pass through the investment tax credit to the lessee and in a third instance to make a late election out of bonus depreciation. 

Here is a link to the article.