On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act. The new law holds many provisions that will transform American energy generation and consumption over the next decade, including fuel and energy credits. In a one-hour webinar, “Tax Implications: How the Inflation Reduction Act Impacts You,” PYA thought leaders provided insight on the law, including tax revenue provisions, IRS appropriations, as well as new and renewed tax credits and deductions.
PYA Senior Tax Manager Thomas Booker and Tax Managers Joe Banda and Blake Thompson also explained the general structure of the Inflation Reduction Act, along with risks and valuable opportunities to consider in various strategic planning initiatives. The webinar covered the following:
- New Tax Provisions
- Energy Transformation Incentives
- IRS Modernization and Enforcement
This complimentary webinar took place on September 23, 2022.
For more information on the Inflation Reduction Act, view our articles: “Understanding the Inflation Reduction Act—A PYA Overview,” and “Inflation Reduction Act: Businesses, Homeowners, and Carbon Emissions Reductions.”
If you would like to speak with a PYA tax professional about any aspect of the Inflation Reduction Act of 2022 or need guidance related to this or any business advisory, or tax planning and strategy matter, one of our executive contacts would be happy to assist. You may email them below, or call (800) 270-9629.