Surgent's Summary and Analysis of the Inflation Reduction Act of 2022
Overview:
This program will cover the tax legislation embodied in the Inflation Reduction Act (IRA) in detail so that those attending can properly advise their clients if and how these various tax changes impact their individual and business planning. This comprehensive course will detail all of the relevant facets applicable to planning for both you and your clients.Objectives:
- Be familiar with all aspects of the Inflation Reduction Act
- Advise clients regarding individual and business planning related to this legislation
Major Topics:
- The 15% corporate tax
- 1% tax on the repurchase of corporate stock
- Enhancement of IRS services
- Prescription drug pricing reform, including drug price negotiation
- Maximum out-of-pocket cap for Medicare beneficiaries
- Extension of Affordable Care Act subsidies for certain individuals whose household income exceeds 400% of the poverty line
- Clean energy and efficiency incentives for individuals
- Energy Efficient Home Improvement Credit
- Energy efficient commercial buildings deduction (Section 179D)
- Extensions, increases, and modifications of the New Energy Efficient Home Credit
- Clean Vehicle Credit - now available at point of sale - and credit for previously owned clean vehicles
- Qualified commercial clean vehicles
- Transfers of certain credits to an unrelated transferee
- Increase in Research Credit against payroll tax for small businesses
Designed For:
Accounting and finance professionals who need to advise clients on this new legislationPrerequisite:
NoneAdditional Info:
You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.
For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.