Whether you are interested in saving the earth or just saving taxes, this course is a must. There are dozens of new ways to save taxes while being efficient. From energy power plants to bicycles, many incentives can easily be overlooked.

Examples include: higher limits on credits for insulation, storm doors and new roofs; credits for exterior windows and skylights; new credits for electric cars; new credits for golf carts and Neighborhood Electric Vehicles; hybrid auto credits that keep rolling along; huge credits for residential solar units; Energy Appliance credit; Homebuilder's credit; ability to expense energy improvements to commercial buildings; small wind energy credits; tax-free fringe benefits for transit passes and bicycles; and the list keeps getting longer. Convinced yet that you need to learn about "green" tax incentives?

This course will present real life situations of costs and savings resulting from energy improvements! 

OVERVIEW

COURSE DESCRIPTION: This interactive self-study course covers energy saving provisions in recent tax laws affecting both individual and business taxpayers, how to implement, and the requirements for the tax saving credits.  

PUBLICATION/REVISION DATE: November 2009  

PREREQUISITE/ADVANCE PREPARATION: Basic knowledge of taxation  

CPE CREDIT: 4 QAS Hours, 4 Registry Hours  

CTEC CREDIT: 2 Federal CTEC Hours, 0 California Hours  

CTEC credit hours are one half the number of CPE credit hours.  

Check with the state board of accountancy in the state in which you are licensed to determine if they participate in the QAS program and allow QAS CPE credit hours.  

This course is based on one CPE credit for each 50 minutes of study time in accordance with standards issued by NASBA. Note that some states require 100-minute contact hours for self study. You may also visit the NASBA website at www.nasba.org for a listing of states that accept QAS hours.  

Enrolled Agents: This CPE course is designed to enhance professional knowledge for Enrolled Agents. Gear Up is a qualified CPE Sponsor for Enrolled Agents as required by Circular 230 Section 10.6(g)(2)(ii).  

CFP® CREDIT: 2 CE Hours - CFP® credit hours are one half the number of CPE credit hours.  

FIELD OF STUDY: Taxes  

EXPIRATION DATE: November 30, 2010  

KNOWLEDGE LEVEL: Basic  

LEARNING OBJECTIVES  

Lesson 1: Introduction and Background Completion of this lesson will enable you to:

• Recognize green initiatives included in the American Recovery and Reinvestment Act of 2009,
  the Emergency Economic Stabilization Act of 2008, and the Energy Policy Act of 2005.
  Going Green under the New Tax Law

• Differentiate between the credits available to individual and business taxpayers for improving the
  energy efficiency of a residence, determine their application and identify their requirements.

• Differentiate between the credits available to individual and business taxpayers for improving
  the energy efficiency associated with travel, determine their application and identify their
  requirements.

• Summarize the application and requirements for other credits and deductions available to
  business taxpayers for either improving or facilitating energy efficiencies.