Learn What CNN and Fox Are Not Telling You About the Inflation Reduction Act (IRA)
Date: Wednesday, September 14
Time: 10 a.m PST / 1 p.m EST
Presenter: Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor
Learn What CNN and Fox Are Not Telling You About the Inflation Reduction Act (IRA)
Date: Wednesday, September 14, 2022
Time: 10 a.m PST / 1 p.m EST
Presenter: Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor
President Biden has just signed the Inflation Reduction Act of 2022, which is now law! This law has important implications for business owners, those who invest in green energy, and the average taxpayer. However, the news has not fully reported on how this law affects US citizens.
In this seminar, we’ll explore everything you need to know about the Inflation Reduction Act, what the bill focuses on, and how it affects you!
The Inflation Reduction Act of 2022 includes:
- A 15% corporate alternative minimum tax.
- A 1% excise tax on stock buybacks.
- Numerous environmental and green energy tax credits.
- A Fairer Tax Code: IRS Audits & Enforcement
The bill is focused on a few essential areas…
- Introduces a Corporate minimum tax rate of 15% for profits over $1B
- Increases the Research and Development Credit from $250K to $500K.
- Introduces a new excise tax of 1% on stock buybacks
- Extends the COVID relief for ACA premiums until 2025
- Incentivizes cleaner production and reduced carbon emissions with new and expanded credits
- Increase IRS funding by $80B to increase compliance by expanding the audit rate and enforcement
- Lower medicare & pocket drug costs
- Aims to lower energy costs
So what does this mean for you?
- New credits may mean new opportunities for savings
- If your gross income is above 400k per year, you may see an increase in your taxes in the coming year.
- The bill aims to fight the rising inflation costs to lower costs to American consumers in the long term.
- More significant risks of an IRS audit and enforcement
In this live webinar, you will learn to:
- Fundamental healthcare changes include:
- Extends the COVID relief for ACA premiums until 2025
- Key energy credits include:
- Incentivizes cleaner production and reduced carbon emissions with new and expanded credits
- Key tax provisions, including:
- Introduces a Corporate minimum tax rate of 15% for profits over $1B
- Key tax provisions, including:
- How to avoid the IRS by Audit Proofing Your Income Taxes
So what do you think? Want to learn how to take advantage of this now and avoid the IRS? Want to get the full story on this law? Save your spot by registering here!
We look forward to seeing you there!
Learn What CNN and Fox Are Not Telling You About the Inflation Reduction Act (IRA)
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