WEBCAST

Accounting Considerations of the IRA and CHIPS Acts

Webcast overview

With the Inflation Reduction Act (IRA) and CHIPS Act (CHIPS), collectively the Acts, now officially law, it is important for businesses to understand the potential accounting consequences that may arise from the application of the new tax laws. 

The Acts include a new corporate alternative minimum tax, an excise tax, and new and expanded tax credits. Many of the new and expanded tax credits include refundable or transferable mechanisms which, depending on the nature of the credits, may impact the accounting for the incentives.

Join us for this webcast, where KPMG professionals discuss a variety of topics, including:

  • Overview of the provisions within the IRA and CHIPS Acts
  • Accounting for income taxes considerations associated with the Corporate Alternative Minimum Tax
  • Accounting considerations of the new excise tax provisions
  • Accounting considerations of nonrefundable, refundable and transferable credits

Featured Speakers

Jenna Summer

Jenna Summer

Partner, Accounting for Income Taxes, KPMG US

Ashby Corum

Ashby Corum

Partner, Washington National Tax, KPMG US

Matt Drucker

Matt Drucker

Partner, Dept. of Professional Practice, KPMG US

Angie Storm

Angie Storm

Deputy Chief Accountant, Dept. of Professional Practice, KPMG US