Mutually Beneficial
Tax Credit Services
Monetization of tax credits for developers/owners
Reduced tax liability for tax credits investors
Sustainable future for our planet
Why Choose Symbiotax
At Symbiotax, we are dedicated to revolutionizing the way you transact and transfer tax credits.
By offering innovative tax credit transfer solutions, we realize our mission of:
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Enhancing access to clean energy and advanced manufacturing investments
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Empowering sustainable businesses to thrive financially by monetizing federal tax credits
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Allowing taxpayers to enable sustainable projects while lowering their tax burden and mitigating risk.
How can SymbioTax help
Symbiotax facilitates the transfer process in an efficient manner with low transaction costs, while meeting all of the IRS's compliance requirements, and mitigating risk for the buyer by providing due diligence, tax opinions and insurance options.
Tax Credit Marketplace and Broker services
SymbioTax's Tax Credit Marketplace is the first national marketplace to focus on non-utility scale tax credits, allowing businesses investing in sustainability projects, but with no federal tax liability to transact tax credits, and smaller businesses and individuals with passive income to purchase federal tax credits.
Seller Services: Minimizing Transaction Costs and Maximizing Value
By standardizing and simplifying the transaction, while still ensure that all IRC requirements are met, SymbioTax is able to reduce transaction costs and maximize the value of credit transfers. This also opens up the potential to buy and sell lower amounts of tax credits that may have not been financially feasible before.
Buyer Services: Due Diligence and Risk Mitigation
While Section 6418 simplifies the transaction to monetize credits, the IRS treats the buyer of credits as the taxpayer. Therefore, the buyer needs to ensure that the credits are legitimate, the amount is correct, and that they will not be clawed back. SymbioTax offers a variety of services to mitigate these risks
What are transferable tax credits
The Inflation Reduction Act (IRA) of 2022 introduced new provisions under Internal Revenue Code (IRC) Section 6418, allowing the transfer of tax credits between unrelated entities.
Historically, the monetization of tax credits through complex tax equity structures such as sales leasebacks, partnership flips or inverted leases required a whole team of professionals, including lawyers, accountants and other consultants.
The provisions allows taypayers to buy and sell certain federal tax credits from other business entities without the need for complex and costly legal structures and accounting methods.