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 webinar, prominent tax professionals will discuss the Act, and explain its various tax provisions, including:
- 15% Minimum Tax on Large Corporations
- Additional Funding for the IRS
- Clean New Vehicles Credit
-
Extension of the Limitation on Net Business Losses for Individuals
...and more
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
Emphasis:
-
15% Minimum Tax on Large Corporations
– Adjusted Financial Statement Income (AFSI) -
1% Excise Tax on Stock Repurchases
– Covered corporation
– Redemptions
– Specific affiliate
– Foreign corporations
– Exclusions - Additional Funding for IRS Enforcement
- Energy Efficient Home Improvement Credit (EEHIC)
- Credits Related to New and Used Vehicles
- Extension of the Limitation on Net Business Losses for Individuals
- Modification to the Payroll Tax R&D Credit
- ACA Subsidies Extended
-
Home and Building Credits
– New Energy Efficient Homes
– Commercial Buildings Section 45L and 179D
– Low Income Housing Credits -
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