Skip to main content

Surgent's Summary and Analysis of the Inflation Reduction Act of 2022

Monday, January 13
 1:00pm - 3:00pm

(Check-In )

Add to Calendar

Online

2.00 Credits

Member Price $99.00

Non-Member Price $134.00

Overview

In late 2022, Congress enacted the Inflation Reduction Act of 2022 (IRA), which provided many significant tax law changes tax practitioners should be knowledgeable about. This program will cover the tax legislation embodied in the IRA in detail so that those attending can properly advise their clients on if and how these various tax changes impact their individual and business planning.

Objectives

  • Be familiar with all aspects of the Inflation Reduction Act
  • Advise clients regarding individual and business planning related to this legislation

Highlights

  • 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 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 legislation

Prerequisites

None

Preparation

None

Notice

To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange “Launch Event” button.

Leader(s):

Leader Bios

Michael Tucker, Surgent McCoy CPE, LLC

MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.

Return to Top

Non-Member Price $134.00

Member Price $99.00