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Secure Transaction Inflation Reduction Act Summary
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Taxes
Course Description
Before the Inflation Reduction Act, professionals in tax, legal, and accounting fields navigated a different set of rules and provisions. This course acts as a bridge to the new regulations introduced by the IRA, transforming uncertainty into confident application of the latest legal and tax changes. After completing this course, participants will transition from a state of unfamiliarity with the new IRA provisions to a position of competence and readiness. The course covers individual tax credits for electric vehicle purchases and energy-efficient home improvements, offering a deep dive into the array of renewable energy credits. Additionally, it explores the impact on businesses, including the implementation of the corporate AMT and loss limits, as well as significant changes in Medicare provisions. This transformation equips participants with the necessary tools to adapt their practices to the new landscape, ensuring they remain ahead in their respective fields.
Learning Objectives
After completing this course, you will be able to:
- Apply changes imposed by the Inflation Reduction Act (IRA) relating to credits allowed for the individual acquisition of qualified electric vehicles and energy-efficient home improvements and property;
- Recognize a wide spectrum of renewable energy credits and the application of the prevailing wage and apprenticeship requirements; and
- Specify key IRA business and Medicare provisions, including energy-efficient buildings, corporate AMT, loss limits, and drug reforms.
- After studying the materials, answer exam questions 1 to 10.
Course Specifics
823324952
March 3, 2023
General understanding of federal income taxation
None
56
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02326-23-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1894
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …
QAS Self-Study
