ARRA

Event Details:                                                                                                                                                           printer-friendly page

Ostensibly, the American Recovery and Reinvestment Act, aims to jumpstart U.S. economy, provide and rescue employment opportunities and serve as a mode to address neglected economic issues. Now a law, its viability would be tested in solving or at least lessening the financial woes lurking in the country. The epic scope of this act will impact every facet of the American economy. But how will it affect you and your company?

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help explore the issues surrounding the Recovery and Reinvestment Act and the impact it will have on the economy. The speakers will present their expert opinions in a two-hour LIVE Webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093852
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for The American Recovery and Reinvestment Act: live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


William M. Gienke, C.P.A, Corporate Director, Technical Market Intelligence,
Jefferson Wells

- Highlight for commercial entities the key opportunities and compliance risks arising from
  the Recovery Act
- Discuss the mechanics of how funds will flow from the Federal government to local
  governments and businesses
- Discuss current and emerging reporting expectations of Federal and other funding agencies
- Identify leading practices to mitigate risks associated with the “unprecedented level of
  transparency and accountability” required of recipients.

SEGMENT 2:


Howard Steinberg, Partner, National leader, Tax Restructuring and Corporate Recovery practice,
KPMG LLP

- COD
- AHYDO
- Other Tax Provisions

SEGMENT 3:


Sean Shimamoto, Partner,
Skadden, Arps, Slate, Meagher & Flom LLP

The American Recovery and Reinvestment Act of 2009 (the "Act") contains a number of energy-related tax provisions of interest to lenders to, developers of, and investors in, renewable energy projects:

Three-Year Extension of Renewable Energy Production Tax Credit. The Act extends for three years the renewable electricity production credit under section 45 for qualified wind facilities placed in service before January 1, 2013. The Act also extends for three years the renewable electricity production credit under section 45 for other qualified facilities (i.e., closed-loop biomass, open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, waste-to-energy and marine renewable facilities) placed in service before January 1, 2014.

Election for Investment Tax Credit In Lieu of Production Tax Credit. The Act permits taxpayers to claim (in lieu of the section 45 renewable electricity production credit) a section 38 general business credit for 30 percent of the basis of property that would otherwise be eligible for the section 45 credit (other than small irrigation, refined coal production and Indian coal production facilities).

Grants for Specified Energy Property In Lieu of Investment Tax Credit. The Act authorizes the Secretary of the Treasury to provide grants to taxpayers otherwise eligible for the investment tax credit (including qualified facilities that are eligible for the section 45 renewable electricity production credit but elect to claim the investment tax credit as discussed above) in an amount equal to the investment tax credit otherwise available with respect to energy projects (i) placed in service during 2009 or 2010 or (ii) the construction of which began during 2009 or 2010.

Repeal of Limitation on Investment Tax Credit. The Act repeals this limitation on the amount of the investment tax credit for energy property.

One-Year Extension of Bonus Depreciation. The Act allows taxpayers that acquire and place in service certain qualified property (in general, depreciable property with a recovery period of less than 20 years) before January 1, 2010, to claim a depreciation deduction equal to 50 percent of the adjusted basis of the property in the year the property is placed in service (with the remaining 50 percent depreciable pursuant to the generally applicable rules).

SEGMENT 4:


Marc J. Gerson, Member,
Miller & Chevalier Chartered

Business Incentives to Improve Cash Flow
1. Bonus depreciation /small business expensing and NOL carry back Provisions
2. The government contractor withholding provision



Jefferson Wells
William M. Gienke, C.P.A
Corporate Director, Technical Market Intelligence
speaker bio »»

KPMG LLP
Howard Steinberg
Partner, National leader, Tax Restructuring and Corporate Recovery practice
speaker bio »»

Skadden, Arps, Slate, Meagher & Flom LLP
Sean Shimamoto
Partner
speaker bio »»

Miller & Chevalier Chartered
Marc J. Gerson
Member
speaker bio »»

Who Should Attend?

- Controllers, CFOs and Finance Directors
- Tax consultants/managers
- Mergers and Acquisitions, Tax attorneys
- Senior Bank/Financial Institution Officers
- Bank Counsel and Directors
- Finance Professionals
- CPAs

Why Attend?

This is a must attend event for anyone interested in understanding the American Recovery and Reinvestment Act and its implications.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



The American Recovery and Reinvestment Act: What You Need to Know?
Speaker Firms:



KPMG





 



Event Sponsor:



Jefferson Wells delivers professional services in internal audit and controls, technology risk management, tax, and finance and accounting. We serve clients, including Fortune 500, FTSE 350 and Global 1000 companies, through highly experienced professionals working from offices worldwide. Our years of experience helping organizations comply with government regulatory requirements makes us uniquely suited to quickly and efficiently implement processes and controls for compliance, reducing project costs and risks. Jefferson Wells is a wholly owned subsidiary of Manpower (NYSE:MAN).




 



Media Partner:






 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.