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Chris is a business and tax lawyer in Taft’s Cincinnati office. Chris serves as outside general counsel to small and medium-sized businesses, advising on corporate governance and strategic transactions.

In his tax practice, Chris counsels individuals and businesses on a wide range of issues including audit support, incentives, transactional planning, and tax litigation. He represents clients with tax controversy matters before the Internal Revenue Service, state taxing authorities, and various localities across the U.S. Additionally, Chris has extensive experience advising companies, founders, and investors with compliance and planning opportunities involving IRC Section 1202 qualified small business stock (QSBS).

Prior to joining Taft, Chris was an attorney at a prominent U.S. law firm with a presence in the Midwest and South, and he also worked as a tax consultant at Ernst & Young, LLP.

Chris earned his J.D. from The Ohio State University Moritz College of Law, where he was a law clerk in the University’s Office of Business and Finance. He received his B.A. from the University of South Carolina. Active in the local and legal community, Chris is a board member and secretary of the Center for Respite Care and an officer of the Cincinnati Bar Association’s Tax Law and Corporate Law Committees, respectively.

On June 14, 2023, the IRS released proposed regulations within Section 6418 Transfer of Certain Credits concerning the election under the Inflation Reduction Act of 2022 (IRA) to transfer certain energy tax credits. The industry has eagerly awaited these proposed regulations as the original statute left a number of critical unanswered questions that made the much-hyped “marketplace” for tax credits difficult to implement. Some of these questions have now been answered. Below are some observations as to what the future
Continue Reading Energy Tax Credits: Predicting the Tax Credit Marketplace of 2024 and Beyond

Interested and eligible manufacturers, developers, and sponsors looking to pursue new advanced energy project tax credits under Internal Revenue Code Sections 48C and 45X have been faced with an important question: Should you apply for the Advanced Energy Project Tax Credit under Section 48C or claim the Advanced Manufacturing Production Credit under Section 45X?

These options should be analyzed carefully because your selection could have significant financial consequences.

Section 48C refers to the Qualifying Advanced Energy Project Credit, which offers
Continue Reading Tax Credits for Green Manufacturing: 48C v. 45X

The month of May was a busy one for the IRS, as the agency has been hard at work releasing new guidance and rules regarding energy tax credits. In Notice 2023-38, the IRS provides detail on how the “domestic content” tax credit rate adder can be satisfied. Notice 2023-44 offers guidance on the application process for the advanced energy project tax credit outlined in Section 48C. These notices are both intended to provide interim guidance until the IRS can publish
Continue Reading Energy Tax Credits – Recent Developments Bring New Guidance and Questions