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TaxFirst webcast series

Be the first to know about new tax law changes

Deloitte’s TaxFirst webcast series is your go-to source for timely updates on regulatory guidance and tax law reform. Whether it is news on tax cuts,163(j), Foreign Tax Credit, or Base Erosion and Anti-Abuse Tax (BEAT), Deloitte’s TaxFirst webcast series will provide you with information you need just days after new tax policy laws are released.

About the series

The impact of the 2017 tax legislation continues with the release of each proposed and final regulation. How will you stay informed on the tax policy and new tax guidance coming out of Washington? Deloitte’s TaxFirst webcast series will provide insights and updates on regulatory guidance within days of release.

Be sure you receive invitations to TaxFirst webcasts by marking "tax" as an area of interest in your Deloitte.com profile.

Clean energy credits and incentives in the Green Book and other legislative proposals

Date: June 16, 11 a.m. ET
Host: Carl Obradovich
Presenters: Brian Americus, Victoria Glover, Jeffrey Shaw, and Jennifer Speck

On May 28, 2021, the Treasury Department released the Green Book, laying out White House proposals to incentivize clean energy, energy efficiency, and decarbonization as part of the American Jobs Plan. The Green Book was released days after a conceptual markup at the Senate Finance Committee on the Clean Energy for America Act, which passed along party lines and included both similar and different proposals for encouraging investments in clean energy while eliminating certain fossil fuel tax incentives.

On this webcast, we’ll discuss:

  • An overview of the legislative proposals of importance to the energy industry and corporate environmental, social, and governance (ESG) initiatives, including detailed discussions of certain tax credits and incentives included in the Green Book, the Clean Energy for America Act, and the GREEN Act.
  • Developments within Congress that may affect tax legislation going forward.

Join us to hear about the new proposals and the potential impacts on your business.
 

Tax legislative update on the Green Book and the legislative process

Date: June 4, 11 a.m. ET
Host: Doug Van Dyke
Presenters: Jon Traub, Storme Sixeas, Bob Stack, Rosemary Sereti, and Chris Trump

On May 28, 2021, the Treasury Department released the Green Book, laying out specific proposals to finance the American Jobs Plan and the American Families Plan, along with additional revenue-raisers.

On this webcast, we’ll discuss:

  • An overview of the specific revenue-raisers, including a more detailed discussion of the international provisions, proposed funding increases, and other changes to increase tax compliance included in the Green Book
  • Developments within Congress that are affecting tax legislation going forward
  • Recent updates on the ongoing tax negotiations at the OECD

Join us to hear about the new proposals and the potential impacts on your business.

Tax legislative update on the Made in America Tax plan and OECD developments

Date: April 14, 11 a.m. ET­
Host: Jon Traub­
Presenters: Victoria Glover and Ryan Bowen

On March 31, 2021, President Biden publicly proposed a roughly $2.2T infrastructure and infrastructure-adjacent spending package paid for over 15 years with corporate and other business revenue-raisers. On this webcast, we’ll discuss:

  • An overview of the specific revenue-raisers proposed in the Made in America Tax Plan
  • Developments within the OECD on pillar one and two and how these could affect tax legislation going forward
  • Process for how tax legislation could be enacted

Join us to hear about the new proposal and the potential impacts on your business.

Potential tax implications of the Biden presidency: How will individuals and passthrough entities be impacted?

Date: March 24, 11 a.m. ET
Host: Wolfe Tone
Speakers: Micaela Saviano, Eric Peel, David Francis Earley, and Victoria Glover

The new administration’s policy agenda may have specific tax implications for both individuals and passthrough entities. Please join us for a discussion of how new legislation may affect you and your business and proactive measures that you may want to consider today. During the webcast, we will cover:

  • An update on proposed tax legislation
  • Accounting method considerations if federal tax rates are increased
  • Potential implications for investment partnerships and private equity funds
  • Timely steps to consider for individual taxpayers

Tax Legislative Update on the American Rescue Plan Act

Date: March 19, 11 a.m. ET
Host: Doug Van Dyke
Presenters: Victoria Glover, Gary Hecimovich, Grace Melton, Denise Hintzke, and Robert J. Neis

On March 11, 2021, President Biden signed into law the American Rescue Plan Act, a $1.9 trillion tax-and-spending package aimed at addressing the continuing economic and health impacts of the coronavirus pandemic. On this webcast, we’ll discuss:

  • An overview of the new legislation and effective dates
  • Changes to the employee retention credit
  • Other potential tax impacts on business taxpayers

Legislative and regulatory updates related to new and existing energy credits under IRC sections 45 and 48: Explore the recent developments and potential future guidance

Date: March 18, 3 p.m. ET
Host: Jeremy DeMuth
Presenters: Brian Americus and Gary Hecimovich

The Consolidated Appropriations Act, 2021, passed by Congress at the end of December, includes the addition of multiple new credits and the extension of a variety of existing energy tax credits, including the production tax credit (PTC) and investment tax credit (ITC). Additionally, on January 19, 2021, the IRS published Notice 2021-05 in the Internal Revenue Bulletin, which includes modifications to the version released initially on December 31, 2020, regarding the begun construction requirement for certain renewable energy projects. During this webcast, Brian Americus and Gary Hecimovich from Deloitte’s National Washington Tax group, along with Jeremy DeMuth and other Deloitte professionals, will discuss the current energy credits landscape and explore recent developments, including:

  • PTC and ITC extensions under IRC sections 45 and 48, including for solar and fuel cell
  • Newly added ITCs for offshore wind facilities and waste energy recovery property
  • Summary of Notice 2021-05 begun construction guidance for offshore wind and federal lands projects
  • Observations on the tax equity marketplace
  • Legislative proposals and potential regulatory guidance, including direct pay or refundability provisions, credit for stand-alone energy storage property, and the possible issuance of ITC regulations

Final regulations on IRC section 45Q: Are you eligible for the carbon capture and sequestration tax credit?

Date: February 17, 2021, 11 a.m. ET
Host: Jeremy DeMuth
Presenters: Brian Americus, Quynh Nguyen, Kyle Tanger, and Susannah Harris

On January 13, 2021, the Treasury Department and Internal Revenue Service published the final regulations on the IRC section 45Q carbon capture and sequestration tax credit. The final regulations provide guidance on various open items that taxpayers have sought clarity on since IRC section 45Q was overhauled as part of the Bipartisan Budget Act of 2018. What are key considerations for taxpayers to determine eligibility and satisfy the reporting requirements? Join our TaxFirst webcast to learn more. We’ll discuss:

  • An overview of credit eligibility requirements
  • Key provisions that were modified by the final regulations
  • Reporting requirements by type: Disposal, Injection, or Utilization
  • Life cycle assessment (LCA) for Utilization, including open items regarding procedure for LCA study approval
  • Credit recapture provisions for Disposal and Injection
  • Navigating multiple parties involved in ownership, purchase of carbon oxides, and contracting arrangements
  • Items that exceed the scope of the final regulations and when to expect additional guidance

Section 163(j) regulations: How the final guidance may affect you

Date: January 22, 2021
Host: Clifton Davis
Presenters: Grant Anderson, Katie Fuehrmeyer, David Levine, Jeffrey Shaw, Keith Sieverding, Jason Smyczek, and Mark Van Deusen

On January 5, 2021, the Treasury Department and Internal Revenue Service released final regulations covering the limitation on the deductibility of business interest expense. How will these rules affect your company? We’ll discuss:

  • Key provisions that were modified by the final regulations
  • International tax considerations of the final regulations for controlled foreign corporations
  • US corporate, passthrough, and accounting method considerations related to the guidance
  • Regulations that were not finalized

Tax policy update–Overview of the Consolidated Appropriations Act and future tax policy implications under the Biden presidency

Date: January, 8, 2021, 11 a.m. ET
Host: Carrie Falkenhayn
Presenters: Jon Traub, Victoria Glover, and Mick Kane

As we start 2021, organizations need to understand the implications of the latest COVID-19 relief package for their business, as well as the potential impact of recent Senatorial runoff elections on future tax policy. The Consolidated Appropriations Act, passed by Congress at the end of December, includes a number of tax law changes, including the expansion of the Employee Retention Credit, important changes to the Paycheck Protection Program, and extension of a variety of expiring tax provisions. The makeup of Congress following the Georgia elections will affect the prospects for additional stimulus legislation, as well as tax policy more broadly. During this webcast, Jon Traub and Victoria Glover from Deloitte’s Tax Policy group, along with other Deloitte professionals, will explore these developments and potential future tax policy changes.

Final and proposed guidance on FTCs and business expenses – Practical considerations

Date: October 8, 11 a.m. ET
Host: Sally Morrison
Presenters: Caren Shein, Mallory Mendrala, Dayna Tarzia

On September 29, 2020, Treasury and the IRS released guidance with changes to the foreign tax credit rules introduced under the Tax Cuts and Jobs Act. The tax community hopes the new regulations provide clarifications about the allocation and apportionment of deductions and foreign taxes. Does the updated guidance answer these questions? We’ll discuss:

  • An overview of the new guidance and effective dates
  • Foreign tax redeterminations
  • Possible effects on companies’ tax provisions

Join us to hear about practical considerations multinationals should be aware of when analyzing the impact of the new FTC regulations.

New section 1061 proposed regulations: What’s in there?

Date: August 18, 11 a.m. ET
Host: Jim Calzaretta
Presenters:
Ben Applestein, Victoria Glover, and Michael Scaramella

On July 31, 2020, the US Department of the Treasury and IRS released new proposed regulations under section 1061 relating to partnership interests held in connection with performance of services. How do these new rules impact private equity, hedge, real estate, and venture capital fund managers? We’ll discuss:

  • An overview of the new proposed regulations
  • What the new proposed regulations have clarified and what is still uncertain
  • The new compliance and reporting requirements under section 1061

Final and new proposed section 163(j) regulations: What you need to know

Date: August 7, 2020, 11 a.m. ET
Host: Jeff Shaw
Presenters: Craig Gibian, David Levine, Jeff Shaw, Keith Sieverding, and Mark Van Deusen

On July 28, 2020, the Treasury Department and Internal Revenue Service released final regulations, new proposed regulations, and other guidance with respect to the limitation on the deduction for business interest. What are the important new developments that may affect your company? We’ll discuss:

  • Key provisions that were modified by the final regulations
  • An overview of the new proposed regulations
  • The proposed real property trade or business safe harbor provided in Notice 2020-59 for certain senior living facility businesses

IRS issues final and proposed high-tax exclusion (HTE) regulations: What's next?

Date: August 6, 2020, 11 a.m. ET
Host: Clifton Davis
Presenters: Clifton Davis, Mathew C. Beers, and Paul March

On July 23, 2020, the Treasury Department and Internal Revenue Service published regulations finalizing rules regarding the treatment of Global Intangible Low-Tax Income (GILTI) that is subject to a high rate of foreign tax (the GILTI HTE) that were originally proposed in 2019. The Treasury Department also published proposed regulations conforming the rules under section 954(b)(4) (the subpart F HTE) with the rules implementing the GILTI HTE and providing a single election for purposes of both GILTI HTE and subpart F HTE.

What has changed? What remains the same? What impact will this have on your future tax planning (and prior transactions)? Please join our panel of specialists, who will discuss the following:

  • Key The final GILTI HTE regulations, including rules regarding making the election retroactively, the calculation of high-taxed income, and downstream consequences of making the election
  • Insights on the proposed regulations unifying the GILTI HTE and subpart F HTE, including their prospective applicability, changes from the existing subpart F HTE, and necessary considerations when making the election

Final section 250 regulations: What you need to know

Date: July 23, 2020, 1 p.m. ET
Host: Derek Schraw
Presenters: Bob Stack, Charlene Li, and Calandra Harris

On July 9, 2020, the Treasury Department and Internal Revenue Service released the final regulations with respect to the deduction under section 250. What are the important new developments tax executives should know about? We’ll discuss:

  • Key provisions that were modified by the final regulations and how they affect planning.
  • The reporting requirements and how they were relaxed by the final regulations.
  • What a company should consider to address the computation of its FDII deduction, including identifying specific required data points and modeling.

Participants will learn about the regulations and explore ways to analyze and document the potential impacts of the new deduction.

Today’s tax reform ambiguity will eventually become your new tax reality. What you do now—the planning, decisions, and actions you take—can put your company in the best possible position to cope with the new tax laws. Deloitte Tax LLP can help you face your new tax reality with confidence.

For additional webcasts from Deloitte, check out Tax Executives Dbriefs and Tax Reform Dbriefs.

 

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