This course reviews the individual and business tax provisions contained in the Inflation Reduction Act of 2022. The course also reviews the additional funding that the law makes available by Congress for the IRS for enforcement and modernization.

Learning Objectives

  • Describe the major features of the corporation book minimum tax and the stock buyback excise tax. 
  • List the changes made to existing federal tax credits by the law.
  • Explain how the new federal tax credits created by the law will operate and to whom they will be available.
  • State the additional funding amounts provided to the IRS and other tax administration functions.

Education Information

IRS Program Number: NMVBP-T-00229-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA) / On-Demand (IRS)

Field of Study: Taxes (NASBA) / Federal Tax Law Topics/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies. 

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