A closer look at tax items in the Inflation Reduction Act
Journal of Accountancy Podcast · AICPA & CIMA
August 18, 202227m 49s
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Show Notes
The Inflation Reduction Act includes several tax provisions, including a corporate minimum tax, a 1% excise tax on stock repurchase by corporations, and increased funding for IRS enforcement efforts.
Adam Schrom, CPA, director of product management at Bloomberg Tax, breaks down several aspects of the legislation and provides a history lesson in the process.