If you viewed the 2023 Instructions for Form 7210 before February 26, 2024, please note the following updates. On page 1, under Credit transfers, we added “and electing taxpayers” after the word “entities.” On page 1, a new section, Electing taxpayers was added. On page 2, under Applicable entities, the fourth paragraph clarifies that the election to treat the credit as a payment generally applies to 2023 and any subsequent year during the 10-year period beginning on the date such facility was originally placed in service. On page 2, a new section, Taxpayers electing to be treated as applicable entities was added. On page 2, under Credit transfers, we added “that don’t elect payment” between “S corporations” and “can.” On page 4, under Additional information, item number 3, we removed the text related to sections e, h, and i. Subsequently, the sequence was updated. On page 4, under Applicable wage determinations, we removed the Caution. The updated 2023 Instructions for Form 7210 were posted on IRS.gov on February 26, 2024.
