Surgent's Sale and Transfer of Energy Credits: Final Regulations and IRS Guidance
2.00 Credits
Member Price $99.00
Non-Member Price $134.00
Overview
The Inflation Reduction Act of 2022 included significant business credits for energy investments in vehicles, manufacturing, alternative fuels, and carbon capture, effective for tax years beginning on or after January 1, 2023. As part of this legislation, Congress authorized two novel credit delivery mechanisms: direct pay of the credit under Section 6417 and transfer or sale of the credits under Section 6418. This course will focus on final regulations under these two Code sections, enabling tax practitioners to confidently advise their clients regarding claiming, transferring, and purchasing credits.
Objectives
- Competently advise clients with regard to claiming, transferring, and purchasing energy credits
Highlights
- Overview of energy credits eligible for transfer or direct pay
- Pre-registration requirement
- Which taxpayers are eligible to transfer credits?
- Which types of entities may elect direct pay?
- Special rules affecting partnerships and S corporations
- Rules for transferees, including passive activity loss rules
- Who bears the risk of credit recapture?
- Tax reporting, filing deadlines, and redesigned Form 3800
Designed For
Accounting and finance professionals with clients who may be claiming, transferring, or purchasing energy credits
Prerequisites
None
Preparation
None
Notice
You will receive an email from Surgent CPE with instructions to access this webinar.
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.
Non-Member Price $134.00
Member Price $99.00