Holly Paz Joins Alliant as Tax Expert in Energy Infrastructure Practice
Alliant has announced Holly Paz's addition to its team of tax experts. Paz previously served as Commissioner of the IRS’s Large Business & International (LB&I) Division and played a key role in implementing Section 48 provisions under the Inflation Reduction Act (IRA). Her expertise is particularly valuable given her leadership during one of the most complex phases of federal tax law implementation, especially regarding clean energy investment credits. Mark Everson, alliant's Vice Chairman, emphasized that Paz’s experience across various taxpayer categories enhances their ability to address intricate issues. Paz was instrumental in shaping how Section 48 operates practically and is widely recognized for her deep understanding of the credit structure under the IRA. The provision allows businesses up to a 50% tax credit with options for transferability or direct payment, making it highly attractive despite its complexity due to requirements like prevailing wage standards. Danny Werfel from alliant's advisory board noted that having someone as knowledgeable as Paz exemplifies their commitment to excellence in this field. Alliant aims to leverage Paz’s expertise to support clients navigating the new energy credit landscape and help them maximize available benefits. CEO Dhaval Jadav highlighted the importance of these credits for powering AI compute ecosystems, reducing foreign fuel dependence, and growing skilled labor forces.
Topics: Energy Infrastructure Inflation Reduction Act IRS Tax Law