Happy(?) Birthday, IRA!!!

Episode 106 of the Tax Chats podcast, hosted by Dyreng and Hoopes, titled "Happy(?) Birthday, IRA!!!" was published on August 16, 2023 and runs 32 minutes.

August 16, 2023 ·32m · Tax Chats

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Summary

Send a text In honor of the first birthday of the Inflation Reduction Act (IRA), Jeff and Scott discuss the major provisions of the IRA, and references the episodes they have recorded about these provisions. They discuss the green incentives and their changing estimated cost, and, the three major way the IRA was intended to pay for those incentives--a tax on adjusted financial statement income (which celebrated its first CAMT-iversary), increasing the budget at the IRS, and ...

Episode Description

Send a text

In honor of the first birthday of the Inflation Reduction Act (IRA), Jeff and Scott discuss the major provisions of the IRA, and references the episodes they have recorded about these provisions. They discuss the green incentives and their changing estimated cost, and, the three major way the IRA was intended to pay for those incentives--a tax on adjusted financial statement income (which celebrated its first CAMT-iversary), increasing the budget at the IRS, and an excise tax on share repurchases.

They reference the following past coverage on IRA provisions on Tax Chats:

Episode 101: Transferable tax credits in the Inflation Reduction Act. A Chat with Gary Hecimovich

Episode 86: Tax Credit Markets: A Chat with Bryen Alperin

Episode 79: Taxing Stock Buybacks: A Chat with Daniel Hemel

Episode 76: How will corporations respond to the tax on book income? A chat with Todd Castagno

Episode 65: Un-Adjusting the Tax Code by Taxing Adjusted Financial Accounting Income in the Inflation Reduction Act

Episode 62: Does the IRS really have guns? Debunking some recent fear mongering

Episode 61: The Book Minimum Tax -- A Compilation of Thoughts