Vermont Society of Certified Public Accountants
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Surgent's Auto and Energy-Related Tax Credits

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Member Price: $0.00
Non-Member Price: $0.00

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Date/Time:
Dec 10, 2024, 1:00pm–3:00pm
Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
Level:
Basic
The Inflation Reduction Act (IRA) contains many changes to auto and energy-related credits. 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 new and reformed credits to understand and explain to their clients. The IRS has issued extensive guidance regarding these credits in the form of Frequently Asked Questions that elaborate on and explain these new credits.

This program covers 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. This program will cover the IRA changes related to electric car credits in detail so that those attending can properly advise their individual and business clients regarding them.

Objective

  • Be familiar with the IRA credits relating to autos and residences
  • Advise clients regarding planning related to these credits

Highlights

  • How a purchaser of an energy-efficient clean vehicle claims a credit
  • The energy efficient home improvement credit
  • The Residential Clean Energy Credit
  • The clean vehicle credit
  • The previously owned clean vehicle credit
  • The qualified commercial clean vehicle credit
  • Transfers of credits to an unrelated transferee
  • Seller report information for buyers of new and previously owned clean vehicle credits
  • Registering a dealer for dealer reporting and Clean Vehicle Tax Credit transfers

Designed For

Accounting and finance professionals who need to advise clients on auto and residential tax credits

Prerequisite

None

Advanced Preparation

None
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