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Wednesday, August 24, 2022 Live Webcast

Tax Provisions in the Inflation Reduction Act of 2022 (E2208354)

12:00 PM - 1:15 PM EDT
webcast

ON24

1.5 CPE Credits in TX

OVERVIEW

The reconciliation bill has gone through two name changes and lost many of its tax provisions, but there are still some significant items that will impact the upcoming planning season.

DESIGNED FOR

All CPAs who are involved in tax planning and tax return preparation

BENEFITS

Understand how the tax provisions in the Inflation Reduction Act of 2022 will impact your clients or your company.

HIGHLIGHTS

This session will look at which tax items remain in the Inflation Reduction Act, their effective dates and their impact on tax planning for 2022. Topics include:
  • Additional funding being provided to the IRS
  • 15-percent corporate minimum tax: which corporations are impacted
  • Public corporation stock buy-back excise tax
  • Extension of lowering of premium percentages and elimination of the 400-percent-of-poverty-level cliff for the premium tax credit through 2025
  • Extension and expansion of business energy credits for clean energy and clean fuels
  • Energy incentives for individuals including:
    • Conversion of lifetime limits to annual limits on individual energy credits under IRC §25C
    • Revisions to clean vehicle credit, including removal of sales unit limits on vehicles eligible for the credit and addition of limit based on modified adjusted gross income and manufacturer’s suggested retail price
    • Creation of new credit for purchase of previously-owned clean vehicle
  • Credit for qualified commercial clear vehicles
  • Increase in payroll tax research credit for small businesses

COURSE LEVEL

Basic

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Ed is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona. He specializes in tax issues for closely held businesses and individuals. He has served on committees with the American Institute of CPAs' (AICPA) Tax Section and currently serves on the Arizona Society of CPAs' (ASCPA) legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 14 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.

PRICING

$49.00 - Member

$69.00 - Nonmember

Pre-Registration Closed

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