The EPA describes the Inflation Reduction Act of 2022 ("IRA") as "the most significant climate legislation in US history, offering funding, programs, and incentives to accelerate the transition to a clean energy economy" and predicts that the Act will drive the deployment of new clean electricity resources. Under the IRA, certain businesses and tax-exempt entities may deduct a percentage of the cost of renewable energy systems from federal tax, and in some cases, directly monetize or transfer tax credits to unrelated parties. With these tax benefits will come increased enforcement to ensure that taxpayers are not abusing the system. This panel addresses the various clean energy credits under the IRA, the eligibility and filing requirements, current and forthcoming Treasury and IRS guidance, and what we can expect in future audits and investigations.

Moderator:
Carina C. Federico, Esq, Partner, Crowell & Moring

Panelists:
Ian M. Comisky, Partner, Fox Rothschild
Shirley Chin, Esq, Head of Tax Insurance, WTW
Mark Nyman, Director, Corporate Issues & Credits, Internal Revenue Service
Philips J. Wilson, CPA, Office Managing Partner, Marcum

Please note that there is a cost to attend.