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Crowell Talks Tax: IRA and Tax Exempt Entities (VIDEO)

Client Alert | 11 min read | 04.09.24

Tax partner Carina Federico and Tax counsel Eleanor Moran McWaters discuss IRA and Tax Exempt Entities.

Key Takeaways:

  • Changes that affected tax exempt organizations
  • How tax-exempt organizations can take advantage of the IRA
  • Understanding “elective pay” or “direct pay” and who qualifies
  • Issues that tax-exempt organizations should consider

 

 

Previous Videos:

Crowell Talks Tax

IRA and Tax Exempt Entities

Crowell Talks Tax

IRA and Tax Exempt Entities

Insights

Client Alert | 3 min read | 09.15.25

Senate Finance Committee Looking to Take White River to the Train Station, Confirms DOJ Investigation into Tribal Tax Credits

On August 19, 2025, the U.S. Senate Committee on Finance (“Senate Finance Committee”) sent Paul Atkins, Chairman, U.S. Securities and Exchange Commission (“SEC”) a letter calling on the SEC to investigate White River Energy Corp (“White River”). In the letter, the Senate Finance Committee confirmed a criminal investigation into White River related to the sale of so-called “tribal tax credits” that according to both Congress and the IRS, do not exist. The letter further states that White River allegedly earned millions of dollars selling these credits and has not been forthcoming with investors regarding the existence of the criminal investigation. According to the Senate Finance Committee, White River has failed to file financial disclosure documents with the SEC since March 15, 2024, missing six consecutive reporting periods. The letter instructs White River to disclose the existence of the DOJ criminal tax investigation, and calls on the SEC to take action if White River fails to do so....