Specifications include, but are not limited to: SOU is looking to procure tax services in relation to the Inflation Reduction Act 2022. This will specifically be for the direct pay option for clean energy projects to monetize tax credits as well as advice for any further eligible credits where SOU would qualify. Under the Inflation Reduction Act, the direct pay option allows certain non-taxable entities to directly monetize certain tax credits. The quote must include the following: - Provision of tax services to file a tax return for a single clean energy project and for multiple clean energy projects. This quote is per clean energy project covers the entire process from pre-filing, determining the tax year and filing tax return. SOU is looking to file for at least 3 clean energy projects in the next 2 tax years. The projects are circa $600,000, $900,000 and $2,300,000. To note, not all of the funding sources for each project e.g. federal funding will be eligible for direct day tax credits. Prefiling will commence in 2024 with filing likely to be in 2024, 2025 and potentially 2026. - Provision of tax advice on direct pay for all eligible credits to ascertain if there are any other areas where SOU would qualify for direct pay e.g. qualified commercial clean vehicles. We welcome pricing for provision of tax advice per hour and/or per filing. The vendor must demonstrate familiarity and experience with the direct pay option for tax-exempt and government entities under the Inflation Reduction Act as well as demonstrable experience in this area. We require short resumes/biographies of the person(s) providing the service to SOU.
