2022 Tax Legislation: the Inflation Reduction Act and CHIPS Act
Total Credits: 2.2 including 2.2 Taxes - Technical
- Average Rating:
- 42
- Categories:
- Tax | ACPEN Industry Institute | ACPEN Tax Institute | IRS Approved
- Faculty:
- Allison M. McLeod, LL.M., CPA
- Course Levels:
- Basic
- Duration:
- 2.2 Hours
- License:
- Access for 30 day(s) after program date.
Description
In a surprise twist, Inflation Reduction Act (IRA) was passed in short order after secret negotiations were revealed in late July, 2022. Seismic changes in tax legislation is 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.
Who should Attend: This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have these tax implications. All in-house and public practice tax professionals will benefit from this timely and insightful seminar
**Please Note: If you need credit reported to the IRS for this IRS approved program (2 Hours only), please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
Basic Course Information
Learning Objectives- Understand the newest tax developments contained in in the Inflation Reduction Act of 2022.
- Become knowledgeable about the new and extended credits available for green energy initiatives
- Learn about which taxpayers and assets qualify for credits for purchasing electric personal vehicles and clean commercial vehicles
- Obtain understanding the implications of increased IRS funding and
- Understand the newest tax developments contained in the CHIPs Act of 2022
- Learn effective and efficient techniques for implementing new standards
Major Subjects
- 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
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase |
| 2022 Tax Legislation: the Inflation Reduction Act and CHIPS Act Handout (307 KB) | Available after Purchase |
| IRS CE Credit Request Form (137 KB) | Available after Purchase |
| Q&A (12.6 KB) | Available after Purchase |
Faculty
Allison M. McLeod, LL.M., CPA Related seminars and products
Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas. She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England.
Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.
Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation and Corporate Income Tax. She also lectures in Financial Accounting and Individual Taxation on an undergraduate level. She has taught at the UNT College of Law as adjunct faculty and works part-time at the law firm of Grable Martin Fulton, PLLC. Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation. She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses. Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty. She is currently serving on the Professional Ethics Committee of the Texas Society of CPAs.
Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.
Dates
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Fri, Apr 07, 2023 - 11:00am to 01:03pm MDT
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Wed, Apr 26, 2023 - 01:00pm to 03:03pm MDT
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Thu, May 11, 2023 - 04:00pm to 06:03pm MDT
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Sat, May 27, 2023 - 09:00am to 11:03am MDT
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Tue, Jun 06, 2023 - 11:00am to 01:03pm MDT
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Wed, Jun 14, 2023 - 01:00pm to 03:03pm MDT
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Sat, Jun 17, 2023 - 07:00am to 09:03am MDT
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Wed, Jun 28, 2023 - 09:00am to 11:03am MDT
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Thu, Jul 13, 2023 - 11:00am to 01:03pm MDT
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Sat, Jul 29, 2023 - 01:00pm to 03:03pm MDT
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Thu, Aug 10, 2023 - 07:00am to 09:03am MDT
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Fri, Aug 25, 2023 - 09:00am to 11:03am MDT
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Mon, Sep 11, 2023 - 11:00am to 01:03pm MDT
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Thu, Sep 28, 2023 - 01:00pm to 03:03pm MDT
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Mon, Oct 09, 2023 - 07:00am to 09:03am MDT
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Fri, Oct 27, 2023 - 09:00am to 11:03am MDT
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Sat, Nov 04, 2023 - 11:00am to 01:03pm MDT
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Mon, Nov 20, 2023 - 01:00pm to 03:03pm MST
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Sat, Dec 02, 2023 - 07:00am to 09:03am MST
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Mon, Dec 11, 2023 - 09:00am to 11:03am MST
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Tue, Dec 26, 2023 - 04:00pm to 06:03pm MST
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Fri, Dec 29, 2023 - 01:00pm to 03:03pm MST
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar.
Original Recording Date 09/2022
Course Developer Allison McLeod
Date Added to Catalog 08/16/2022
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Reviews
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Overall: 4.5
Total Reviews: 42
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