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Still time for tax savings in 2019 and 2020. Section 168 disaster relief deductions,capital gains tax deferral, federal solar credits

4.5 (359)

Jamie Pope

Addicus Family Office

Tuesday, September 01, 2020 | 02:00 PM EDT

  • CPA
  • EA

1 Credit

FREE

Subject Area

Taxes

Upcoming Webinars

Course Description

Learn how to use this tax tool to help your clients offset capital gains taxes today as well as current income taxes now and in the future.

Combining Opportunity Zones and Solar Tax Benefits. Reduce capital gains taxes due today while also generating large current tax deductions. This webinar will cover

  • Case studies of previous projects.
  • Calculations on credits and deductions available today.
  • Economics of solar projects.
  • Reduce the capital gains taxes due after Opportunity Zone deferral period
  • Using these combined benefits to generate tax deferral today along with tax credits and deductions.
  • Combine the tax deferral of Opportunity Zones with the large tax credits and deductions available with solar projects.
  • Solar installation is an opportunity zone allows businesses to double dip on tax benefits. They get all the benefits of the zone—including the permanent exclusion of future capital gains—while keeping all the tax benefits of solar. There are no limitations on pairing these two opportunities.

At its most basic level, the Opportunity Zone (OZ) program is intended to drive capital to certain census tracts around the U.S., its territories, and Washington, D.C., by providing those capital sources with three federal income tax benefits:

  • Deferral of federal, and possibly state, tax on a capital gain
  • Potential for a reduction in that tax if the qualifying investment is held for a designated period of time
  • Potential to avoid any tax on the subsequent appreciation of the investment upon sale

However we envision a QOF potentially filling several different slots in the capital stack. The QOF could serve as sponsor capital, cash equity, tax equity, or owner of a renewable asset in its entirety. In this webinar, we shall cover case studies and example on how you can help your clients or companies by taking advantages of double-dip tax benefits.

Learning Objectives

  • Identify ways to Combine the tax deferral of Opportunity Zones with the large tax credits and deductions available with solar projects.
  • Identify ways to use these combined benefits to generate tax deferral today.
  • Identify ways to reduce the capital gains taxes due after Opportunity Zone deferral period.
  • To recall the economics of solar projects.
  • To get an walk-through of case studies of previous projects.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Auditors
  • Bookkeeper
  • Business Owner
  • CEO
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [no_of_record] => 359
    [average] => 4.4819
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4.5

(359)
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JH

Great info presented with no waste of side topics