The series will compete for the title of best TV drama, while show stars Tom Vaughan Lawlor and Robert Sheehan will go head-to-head for best lead actor, and Charlie Murphy will battle for the female equivalent.
Peter Coonan and Susan Loughnane also land mentions in the supporting categories, while Love/Hate's writer Stuart Carolan and director David Caffrey are both up for top honours too.
Other nominations for the best TV drama award include hit fantasy series Game of Thrones, The Borgias and Titanic: Blood and Steel.
Meanwhile, in the movie categories, the new star of Michael Bay's upcoming Transformers sequel is already proving his credibility - Irish actor Jack Reynor has earned recognition in the shortlist for best film actor for What Richard Did, which received a total of 10 nods.
The low budget project, from director Lenny Abrahamson, is the favourite to win best film, ahead of Death of a Superhero, Shadow Dancer, Grabbers and 1970s punk biopic Good Vibrations.
Also up for film acting accolades are Colin Farrell (Seven Psychopaths), Martin McCann (Jump), Anne Marie Duff (Sanctuary), Ruth Bradley (Grabbers) and Reynor's What Richard Did co-star Roisin Murphy.
The winners of the 10th annual IFTAs, which highlight the best in Irish entertainment, will be announced at a ceremony on 9 February (13), the night before the British Academy of Film and Television Arts (BAFTA) Awards on 10 February (13).