SECTION 9. DRAFTING

INFORMATION

The principal author of this revenue procedure is the Office of Associate Chief Counsel (Passthroughs & Special Industries). However, other personnel from the Treasury Department and the IRS participated in its development. For further information regarding this revenue procedure, call the energy security guidance contact number at (202) 317-5254 (not a toll-free number).

.10 Updating and Rescinding QM Reports . If a QM wishes to update or rescind certain information on a QM report for a scrivener’s error or missing PIN, the QM must do so through the IRS Energy Credits Online Portal as promptly as possible after its original submission.

.11 IRS Acknowledgement of QM Reports . Any acknowledgment that the IRS provides in response to a QM Report, such as an acknowledgement of receipt, does not constitute an IRS determination that any item of specified property qualifies for the § 25C credit or a verification of any statement in the QM Report.

.12 Final QM Report for Voluntary Discontinuance . A QM that discontinues its QM status as provided in section 4.05 of this revenue procedure must submit a final QM Report with the IRS through the IRS Energy Credits Online Portal. The final QM Report must account for all remaining specified property produced by the QM and assigned a PIN, and not reported to the IRS in prior QM Reports, until the date the final QM Report is filed. The QM must check the box marking the final QM Report as final.