IRA & CHIPS transferable credits
11.16.2022 | Duration: 10:49
The latest installment in our series on the new IRA and CHIPS legislation covers accounting for transferable credits.
Podcast overview
Ashby Corum, 乐鱼（Leyu）体育官网 Washington National Tax partner, and Angie Storm, 乐鱼（Leyu）体育官网 Department of Professional Practice partner, join host John Barbagallo in another installment of our podcast series on the accounting implications of the recently enacted IRA and CHIPS legislation 鈥� with a focus on accounting for transferable credits.
Applicability
- All US taxpayers using transferable credits in the IRA legislation
Relevant dates
- CHIPS enactment: August 9, 2022
- Inflation Reduction Act enactment: August 16, 2022
- For dates relating to specific provisions, see 乐鱼（Leyu）体育官网 publication聽Analysis and observations: Tax law changes in the "Inflation Reduction Act of 2022"
Podcast contents
- 00:30聽- Introduction
- 01:00聽-聽How transferable credits work
- 01:35聽-聽Will a transferable credit market emerge?
- 02:45聽-聽Transferable credit accounting model
- 06:30聽-聽Accounting for the sale of the credit at a discount
- 08:15聽- Accounting for the purchase of the credit at a discount
Explore more
Resource
IRA and CHIPS: Tax considerations
Our impressions on the accounting for key provisions in the recently enacted tax legislation.
Insight
President signs budget reconciliation legislation; 乐鱼（Leyu）体育官网鈥檚 report on tax law changes
Analysis and observations: Tax law changes in the 鈥淚nflation Reduction Act of 2022鈥�
Resource
Podcast series: IRA & CHIPS legislation
乐鱼（Leyu）体育官网 professionals explore the newly enacted IRA & CHIPS legislature
Meet our team
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