Utilities face uncertainty on tax normalization

On May 7, 2019, the IRS released Notice 2019-33 which formally announced the agency’s intent to issue additional guidance regarding the normalization requirements of excess deferred income taxes which resulted from the decrease in the corporate income tax rate.

Vadim LantukhJune 10, 2019tax, accounting, utility industry, utilities, rate regulated utilities, tax normalization, normalization, irs, lucasys, lucasys tax, tcja, compliance, finance, federal tax, tax technology, solutions, enterprise