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Secure Transaction CPE Credits
2 Credits: Taxes
Course Level
Overview
Format
Self-Study
Course Description
On August 16, 2022, the Inflation Reduction Act (IRA), legislation designed in large part to lower consumer energy costs and provide economic incentives to reduce the human impact on climate change, became law. Among other provisions, the new law provides multiple tax incentives for taxpayers to:
- Make energy efficient home improvements;
- Purchase electric vehicles; and
- Afford health insurance coverage.
This course addresses the provisions of the Inflation Reduction Act most likely to be of interest to tax preparers. In so doing, it examines the tax credits available for energy-efficient home improvements, for purchase of new and used electric vehicles, for electric car charging and natural gas powered car fueling devices, and clean energy generation. In addition, it discusses the expanded health insurance premium tax credits and the extension of the limitation of noncorporate taxpayer excess business losses.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Calculate the tax credits available for taxpayers’ energy-efficient home improvements;
- Describe the tax credits available for the purchase of electric vehicles;
- Recognize the requirements and tax rules applicable to electric vehicle tax credits;
- Identify rules and limitations applicable to the qualified refueling property credit;
- List the clean energy and efficiency incentives;
- Apply the rules applicable to the expanded health insurance premium tax credit; and
- Recognize the limitation of noncorporate taxpayer excess business losses.
Course Specifics
SS824404000
October 30, 2024
There are no prerequisites.
None
71
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02654-24-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-2087
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
Paul J. Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
QAS Self-Study
