The Inflation Reduction Act of 2022: A Comprehensive Review Self-Study Webinar

Live Webinar

Self-Study

$109.00

CPE Credits: 2 Hours

Topic: Corporate Taxation

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Overview

Objective

Emphasis

Overview

The Inflation Reduction Act of 2022 features a number of important provisions that continue to affect your company’s taxes, as well as those of your clients. This substantial legislation also addresses stock repurchase options, as well as climate change incentives. In this self-study webinar, prominent tax professionals will discuss the Act, and explain its various tax provisions, including:
<ul>
<li>
15% Minimum Tax on Large Corporations</li>
<li>
Additional Funding for the IRS</li>
<li>
Clean New Vehicles Credit</li>
<li>
Extension of the Limitation on Net Business Losses for Individuals 
 
...and more 
 </li>
</ul>

Objective

To give tax and financial professionals a detailed overview of the tax provisions included in the Inflation Reduction Act of 2022, which has made a tremendous impact on the taxes of their companies, as well as those of their clients.
 
SPEAKER:
Bill Briggs, Tax Partner, Stephano Slack LLC

Detailed Learning Objectives

• Identify the corporations subject to the new corporate AMT
• Recognize the assessment rate of the new corporate excise tax on the repurchase of stock
• Recognize the constraints surrounding the increased funding for the IRS
• Recognize the extended applicability date of the Section 461(l) excess business loss limitation for non-corporate taxpayers
• Identify the legislation’s domestic content threshold requirement for receipt of expanded clean energy credit
• Identify the conditions under which an entity can receive an expanded clean electricity production tax credit (PTC)
• Recognize the maximum Section 30D credit available to purchasers of an electric drive vehicle under the legislation

Emphasis

<ul>
<li>
15% Minimum Tax on Large Corporations 
 – Adjusted Financial Statement Income (AFSI)</li>
<li>
1% Excise Tax on Stock Repurchases 
– Covered corporation 
– Redemptions 
– Specific affiliate 
– Foreign corporations 
– Exclusions</li>
<li>
Additional Funding for IRS Enforcement</li>
<li>
Energy Efficient Home Improvement Credit (EEHIC)</li>
<li>
Credits Related to New and Used Vehicles</li>
<li>
Extension of the Limitation on Net Business Losses for Individuals</li>
<li>
Modification to the Payroll Tax R&D Credit</li>
<li>
ACA Subsidies Extended</li>
<li>
Home and Building Credits 
– New Energy Efficient Homes 
– Commercial Buildings Section 45L and 179D 
– Low Income Housing Credits</li>
<li>
Climate Change Tax Incentives 
– Prevailing Wage and Apprenticeship Requirements (PWAR) 
– Energy community bonus credit 
– Domestic Content Requirement (DCR) 
– Clean Electricity Production Tax Credit (PTC) 
– Extension and Modification of the Energy Credit (ITC) 
– Low income solar/wind credit 
– Carbon oxide sequestration credit 
– Alternate fuels/biofuels 
– Sustainable aviation fuel 
– Clean hydrogen credits 
 </li>
</ul>

Live Webinar

Self-Study

$109.00

CPE Credits: 2 Hours

Topic: Corporate Taxation

Add To Cart

This course is included in the following passes:

Applicable Passes:

Anytime Pass

Self-Study Pass

Combo Pass

Evening & Weekend Pass

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Prerequisite

Working knowledge of federal income taxes

Level of Knowledge

Overview

CPE Credit

2 Hours

NASBA Field of Study

Taxes