2022 Tax Legislation: Inflation Reduction Act and CHIPS Act
Monday, April 29, 2024
Webcast or Webinar, Online
10:30AM - 12:30PM (opens at 10:00AM) EST
2Credits
Technical Business
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price
Course Type: Webcast
Course Code: 24/CX34218
Level: Basic
Vendor: CPA Crossings, LLC
Field of Study: Taxes
Overview:
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.Objectives:
After attending this presentation, you will be able to...
- Recall recent tax legislation on the CHIPs Act and Inflation Reduction Act
- Identify recent changes to IRS procedure
- Recognize how the new tax provisions will impact clients
- Identify the new IRS procedural changes for those affected by recent natural disasters
Major Topics:
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
Major Topics:
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