Key takeaways
Host: Gary Hecimovich, partner, Deloitte Tax LLP
Presenters: Linus Akanoh Jr., principal, Deloitte & Touche LLP
David Yaros, principal, Deloitte Tax LLP
1.0 Overview CPE credit | Taxes
US entities that don’t pay taxes will be able to identify potential refundable tax opportunities for their organization. This includes state and local governments, higher education, exempt organizations, and nonprofits. The Inflation Reduction Act (IRA) provides more than $271 billion in clean energy incentives which offers an extraordinary opportunity. We’ll discuss:
- How to create a credit strategy and administer the Direct Pay program
- How to determine if your green growth programs are applicable for a tax refund
- How to comply with this time-sensitive legislation
Meet the speakers
Gary Hecimovich
Gary provides due diligence, structuring, application writing, tax opinions, and other transactional consulting services on a wide array of federal income tax incentives, including: employee retention credits, paycheck protection program loans, qualified opportunity zones (QOZ), energy tax credits, renewable energy production tax credits, American Recovery and Reinvestment Tax Act (ARRTA) 1603 cash grants, new markets tax credits (NMTC), refined coal tax credits, historic rehabilitation tax credits, low-income housing tax credits (LIHTC), and various other federal credits and incentives. He is also the co-leader of the US Global Investment and Innovation Incentives (Gi3) Tax practice assisting our National Federal Tax Services engagement teams with client pursuits, engagement execution, and overseeing quality control. Gary has extensive experience serving clients while interfacing with the US Department of the Treasury and the IRS on regulatory guidance projects, ruling requests, tax controversy, and other federal income tax matters. Gary is a published author and frequent public speaker on federal tax matters. His articles have appeared in Tax Notes, Journal of Accountancy, and The Tax Adviser. He was previously a member of the American Institute of CPAs Technical Resource Panel on Tax Methods & Periods and the moderator of the Deloitte’s Federal Tax Dbriefs webcast series. Gary has a master of accounting degree from University of North Carolina.
David Yaros
David is a Tax principal in the Chicago office of Deloitte Tax LLP and co-leads Deloitte Tax’s US Sustainability practice. He has more than 20 years of experience in federal and state tax planning through a sustainability lens serving clients in a variety of industries including energy, manufacturing, transportation, financial services, technology, hospitality, retail, life sciences, telecommunications, and insurance. He has extensive experience identifying how tax can play a critical role in a client’s sustainability journey with significant focus on how the Inflation Reduction Act can be leveraged to accelerate that journey. Dave has always been passionate about sustainability working as an environmental engineer prior to joining Deloitte helping clients navigate complex environmental regulations. Dave has a Bachelor of Science and Master of Science in Environmental Engineering from Michigan State University.
Dbriefs resources