Inflation Reduction Act: New Opportunities for Tax Exempt Entities

Description

The Inflation Reduction Act of 2022 was signed into law on August 16, 2022 and provides significant incentives for renewable energy technology and domestic investments. For the first time Tax Exempt entities can utilize these incentives. In part 2 of this webinar series, we will take a deeper dive into how the incentives may impact tax exempt entities. Learning Objectives: Discuss in depth the new energy incentives and revitalized energy incentives funded by the act. Identity what types of tax exempts can benefit from the IRA. Explore further the new opportunities for tax exempt and government entities. Generalize the prevailing wage and apprenticeship requirements. Presenters: Adam Sweet, J.D., LL.M., Principal-in-Charge of Passthrough Entity Consulting | Eide Bailly Adam leads Eide Bailly's Passthrough Entity Consulting group. He has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing compensatory equity. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, tax credit partnerships, as well as a variety of IRS controversy matters. Adam also leads Eide Bailly’s Opportunity Zone working group. Jim Donovan, CPA, Partner-in-Charge of R&D Tax Incentives | Eide Bailly Jim has more than 20 years of tax consulting experience helping clients benefit from federal and state incentives, including credits for activities most consider a necessity to remain competitive in today’s global market. Jim oversees the employee retention credit and R&D tax credit practices and is a leader in the Business Credits & Incentives space. He also assists clients in sustaining their credits if examined by a federal or state authority. Jim has authored articles on tax incentives and actively presents on business credits and incentives at conferences and webinars. Mark Rogers, Principal, Business Credits & Incentives | Eide Bailly Mark has over 18 years of experience helping taxpayers identify and implement tax saving strategies made available through building, acquiring, renovating and designing property. As a leader in the Business Credits & Incentives arena, Mark oversees a national team of CPAs, Professional Engineers, energy modelers, LEED professionals, architects, HERS raters and construction specialists. The BCI group has professionals with wide industry experience performing fixed asset planning, 179D energy deduction, cost segregation, 45L energy credit, 45Q CCS credit, tangible property regulations and construction tax planning studies. Mel Schwarz, JD, CPA, Director of Legislative Affairs | Eide Bailly Mel has over 37 years of experience specializing in legislative affairs, including development and implementation of tax legislation at the national level. He spent 6 years on the staff of the Joint Committee on Taxation and has served as the chairman of the Tax Legislation Committee of the AICPA. He spends his time at the capitol meeting with legislators, listening in on updates impacting tax processes and procedures and providing timely updates and education on issues and opportunities impacting clients. He is a sought-after speaker for many AICPA, TEI and FEI conferences. CPE Information CPE Credit: 1 Field of Study: Taxes Level of Knowledge: Overview Delivery Method: Group-Internet Based Be sure to register for the last session in this series: December 14 | Individual Considerations Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.