Surgent's Auto and Energy-Related Tax Credits (AEC2) On-Demand Webcast

Overview

The Inflation Reduction Act (IRA) contains many changes to auto and energy-related credits as well as new credits and old credits that have been renamed. For instance, did you know that the IRA brings back a credit for installation of electric car chargers? Many if not most of these credits reduce the cost of individual- and business-related expenses. As a result of the changes brought about by the IRA, tax advisors have a full set of new and reformed credits to understand and explain to their clients.

This program covers the mechanics of all the new and revised energy-related credits clients will be asking about, such as credits related to personal autos, energy-efficient commercial vehicles, and household-related utilities and improvements. It will cover the new IRA changes related to electric car credits in detail, including the transition rules applying to clean vehicles purchased after the IRA’s August 16, 2022 enactment and their subsequent application in 2023 and thereafter. After attending, practitioners will be able to effectively advise their individual and business clients about these newly available money-saving opportunities. Don’t miss this chance to clearly enhance your practice.

Highlights

The Energy-Efficient Home Improvement Credit
Residential Clean Energy Credit
The Alternative Fuel Vehicle Refueling Property Credit
Comparison of Section 25C and Section 25D credits
Changes to the Section 179D deduction
Prevailing wage and apprenticeship requirements
The new Energy Efficient Home Credit
The Clean Vehicle Credit
The Previously Owned Clean Vehicle Credit
The Qualified Commercial Clean Vehicle Credit
Application of written binding contracts
Transfers of certain credits to an unrelated transferee
Increase in Research Credit against payroll tax for small businesses
What special rules apply to auto credits purchased after enactment
How a purchaser of an energy-efficient auto claims the credit
Transition rule for vehicles purchased before August 16, 2022

Prerequisites

None

Designed For

Accounting and finance professionals who need to advise clients on these new credits

Objectives

Be familiar with all aspects of the credits emanating from the IRA
Advise clients regarding individual and business planning related to these credits