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Live Webcast Replay

2022 Tax Legislation: the Inflation Reduction Act and CHIPS Act


Total Credits: 2.2 including 2.2 Taxes - Technical

Average Rating:
   62
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:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


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

Faculty

Allison M. McLeod, LL.M., CPA's Profile

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

Tue, Feb 27, 2024 - 07:00pm to 09:03pm EST
Mon, Mar 11, 2024 - 10:00am to 12:03pm EDT
Fri, Mar 22, 2024 - 12:00pm to 02:03pm EDT
Mon, Apr 08, 2024 - 02:00pm to 04:03pm EDT
Tue, Apr 16, 2024 - 04:00pm to 06:03pm EDT
Thu, May 02, 2024 - 10:00am to 12:03pm EDT
Wed, May 15, 2024 - 12:00pm to 02:03pm EDT
Mon, Jun 10, 2024 - 02:00pm to 04:03pm EDT
Mon, Jun 17, 2024 - 04:00pm to 06:03pm EDT
Thu, Jun 20, 2024 - 06:00pm to 08:03pm EDT
Sat, Jun 22, 2024 - 10:00am to 12:03pm EDT
Fri, Jun 28, 2024 - 10:00am to 12:03pm EDT

Additional Info

Basic Course Information

Prerequisites None
Advanced 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 08/03/2022
Yellow Book No

Additional Information

Complaint Resolution Policy

Please 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: 62

Comments

Susan N - Madison, Alabama

"I enjoy all of Allison's classes! She should do more of them!"

James P

" "

Joanne S

"Great speaker"