IRS guidance for the definition of "grant"

April 25, 2021

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Q.¬†As part of a city government, we issue payments for energy conservation items, to local entities. I am trying to determine what requirements would need to be met for those payments to be determined to be grants. Does the IRS have guidance of the specific requirements for a payment to be defined as a grant payment? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498,…

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