The Inflation Reduction Act (IRA) contains many changes to auto and energy-related credits as well as new credits and old credits that have been renamed. Many if not most of these credits reduce the cost of individual- and business-related expenses. As a result of the changes brought about by the IRA, tax advisors have a full set of new and reformed credits to understand and explain to their clients.
This program covers the mechanics of all the new and revised energy-related credits clients will be asking about, such as credits related to personal autos, energy-efficient commercial vehicles, and household-related utilities and improvements. This program will cover the new IRA changes related to electric car credits in detail so that those attending can properly advise their individual and business clients. The program will also cover the transition rules applying to clean vehicles purchased after enactment.
DESIGNED FOR
Accounting and finance professionals who want to get a high-level understanding of how cryptocurrency works and how to serve clients with cryptocurrency transactions
BENEFITS
- Recognize the latest in blockchain technology and how it is impacting our world
- Understand how to interact with cryptocurrency
- Understand the tax implications of investing in cryptocurrency, running a mining operation, using NFTs, and using cryptocurrency as a payment method
- Recognize challenges in dealing with cryptocurrency-related clients
- Apply tax planning opportunities
- Serve clients with cryptocurrency transactions using a tool like CoinTracker.io
HIGHLIGHTS
- What is blockchain technology?
- How do you buy crypto?
- How do you store crypto?
- Use cases of cryptocurrency
- Blockchain technology
- Use cases of cryptocurrency
- Tax overview
- How taxes work for cryptocurrency investors
- How taxes work for cryptocurrency mining
- Taxation of other transactions
- Foreign reporting requirements and crypto
- How to use a tool like CoinTracker to calculate capital gains and losses
- New developments in the space
- Tax planning opportunities
- Why do accountants need to care?
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None