Revenue Procedure 2023-15
The long wait is over. In April 2023, the IRS formally published Revenue Procedure 2023-15, known as the safe harbor method of accounting for tax repairs for natural gas distribution and transmission property.
The tax repair experts at PowerPlan have been reviewing the new policy and putting together key considerations, including what PowerPlan is doing to prepare for future product solutions.
Would you like to discuss the Revenue Procedure with our experts? Please contact an account representative or email us at TaxRepairs@powerplan.com.
Source: Revenue Procedure 2023-15