In a surprise twist, the Inflation Reduction Act (IRA) was passed in short order after secret negotiations were revealed in late July 2022. Seismic changes in tax legislation are currently taking place, and the well-informed tax practitioner will want to attend this two-hour program in order to stay abreast of these developments! This course will provide a concise look at these hot topics. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
The major topics covered in this course include:
- Inflation Reduction Act of 2022
- The new 15% corporate AMT
- Electric Vehicle Credits
- Clean Commercial Vehicle Credits
- 1% tax on the repurchase of corporate stock
- Excess Business Losses
- Clean Energy Tax Credits
- Energy Efficient Home Improvement Credit
- Energy Efficient Commercial Buildings Deduction (Section 179D)
- New Credits
- Research Credits for Small Businesses
- Excise Taxes on Fossil Fuels
- Green Property Depreciation
- Additional Funding for the IRS
- Transfers of certain credits to an unrelated transferee
- Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022
Who will benefit: Who should Attend: This course is suitable for corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have these tax implications.
THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.