As part of the Inflation Reduction Act passed in August of 2022, $391 billion of government funding was allocated to energy and climate initiatives. The ability to transfer (i.e. sell and buy) clean energy credits was part of the new legislation and covered under IRC Section 6418. The intent of IRC Section 6418 was to increase participation in clean energy initiatives by allowing taxpayers to buy credits without engaging in complicated tax structures.
Please join this webinar on a discussion around buying and selling clean energy credits to assess if your clients or business should be engaged in this process and how to best approach the market for these clean energy credits.
Learning Objectives:
WithumSmith+Brown, PC
National Lead, Federal Tax Policy at Withum
[email protected]
(585) 313-0146
Lynn has over twenty years of experience in the accounting industry specializing in federal domestic and international tax planning for businesses, pursuing optimization to maximize cash impact. In her pervious firm, she helped initiate, establish, and co-lead the PPP & More Consulting team for purposes of disseminating information internally and externally regarding the Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act, 2021, and American Rescue Plan Act. This included leading multiple external webinars with over 3,000 participants, writing client alerts, as well as conducting internal trainings and the creation of standard PPP debt forgiveness and ERC reports. Lynn received her Bachelor of Science degree in Accounting from St. John Fisher College and a Master’s in Taxation from the University of Denver. She is a CPA, licensed in New York and a member of the American Institute of Certified Public Accountants. Most recently, Lynn was appointed as a Forbes Tax Contributor in February of 2021.