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Saturday, March 30, 2024 Live Webcast

2022 Tax Legislation: Inflation Reduction Act and CHIPS Act (X2-34217)

9:00 AM - 11:00 AM EDT
webcast

Vendor Platform

2 CPE Credits in TX

OVERVIEW

In a surprise twist, the Inflation Reduction Act (IRA) was passed in short order after secret negotiations were revealed in late July 2022. Seismic changes in tax legislation are 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.

DESIGNED FOR

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

BENEFITS

After attending this presentation, you will be able to...

  • Recall recent tax legislation on the CHIPs Act and Inflation Reduction Act
  • Identify recent changes to IRS procedure
  • Recognize how the new tax provisions will impact clients
  • Identify the new IRS procedural changes for those affected by recent natural disasters

HIGHLIGHTS

The major topics covered in this course include:

  • 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 LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Allison McLeod

Allison M. McLeod, CPA, LL.M., J.D.

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 teaches at the university level graduate classes on Ethics, Tax Research 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.

PRICING

$79.00 - Member

$99.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

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COURSE DEVELOPER

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