June 01, 2023 - 12:00 PM - 1:00 PM

Federal Tax Credit Incentives for Clean Energy Capital Expenditures

Location: Online

Registration Deadline: June 01, 2023

Overview

            

Thanks to the underwriting support of HAPevolve and Withum, a HAPevolve industry partner, this webinar is complimentary for all HAP members.

Significant changes in the Inflation Reduction Act of 2022 (“IRA”) allow not-for-profit hospitals to receive an IRS refund or monetize accelerated deductions with engineers and architects for certain clean energy improvements, even if no tax liability is due. While in previous taxable years, not-for-profits were limited to capturing these cash benefits only if they had unrelated business income tax (“UBIT”), under the IRA, all not-for-profits are incentivized to invest in clean energy infrastructure through the direct payment program regardless of tax liability.

The newly created direct payment option under Internal Revenue Code §6417 generally allows tax-exempt entities to receive a cash tax refund for applicable credits, including credits related to the purchase of qualified commercial vehicles, installation of charging stations, and energy projects (i.e. solar projects, co-gen facilities, etc). In addition, the IRA allows tax-exempt entities the opportunity to provide an immediate deduction related to energy-efficient commercial buildings to the person primarily responsible for designing the building improvements, thereby assisting in price negotiation.

Join Lynn Mucenski-Keck, Withum’s National Lead on Federal Tax Policy as she goes through the various ways your hospital can claim and benefit from these credits.

Learning Objectives

At the conclusion of this webinar, participants will be able to:

  1. Identify potential Clean Energy Refundable Tax Credits and other opportunities for healthcare organizations as a result of the Inflation Reduction Act of 2022.
  2. Evaluate key areas not-for-profits should consider for planning future capital improvements.
  3. Analyze examples from similar hospitals and how they were eligible for the credits.

Faculty

Lynn Mucenski-Keck
National Lead on Federal Tax Policy
Withum

Lynn has over twenty years of experience in the accounting industry specializing in federal domestic and international tax planning for businesses, pursuing optimization to maximize cash impact. In her previous firm, she helped initiate, establish, and co-lead the PPP & More Consulting team for purposes of disseminating information internally and externally regarding the Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act, 2021, and American Rescue Plan Act. This included leading multiple external webinars with over 3,000 participants, writing client alerts, as well as conducting internal trainings and the creation of standard PPP debt forgiveness and ERC reports.

Additional expertise that Lynn has, consists of having developed and led internal and external trainings surrounding the Tax Cuts and Jobs Act, including overseeing client seminars, providing industry specific commentary on proposed regulations, and internal trainings with a focus on pass-through entity deductions and interest expense limitation rules. She also initiated, established and managed her previous firm’s Tax Cuts and Jobs Act change in method of accounting, including creating data sources for identification of clients, a method of accounting toolkit, quality control checklist, and formation of review groups across the firm. Formerly while working as an International Tax Manager with Deloitte, she was placed on assignment in Brussels, Belgium that entailed managing multinational U.S. tax compliance and IRS audits.

Lynn received her Bachelor of Science degree in Accounting from St. John Fisher College and a Master’s in Taxation from the University of Denver. She is a CPA, licensed in New York and a member of the American Institute of Certified Public Accountants. Most recently, Lynn was appointed as a Forbes Tax Contributor in February of 2021. Previously, she was an Associate Accounting Professor at St. John Fisher College from 2010-2019.

Who Should Attend

This webinar will of interest to chief financial officers, chief operating officer, finance leaders, and tax and accounting personnel.

Registration Information

Pricing

Although this webinar is complimentary for HAP members through underwriting support of HAPevolve and industry partner Withum you must register to attend.

$99—Non-Member

Questions

For registration information, or if you need special accommodations, please contact HAP Education Services at (717) 561-5270.

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