2024 Tax Law Conference

Tax attorneys Mary Kate Nicholson and Daniel Strickland will participate in the Federal Bar Association's 2024 Tax Law Conference. This virtual program will cover important tax developments and emerging policy issues.

Ms. Nicholson will moderate a discussion summarizing the incentives available under the Inflation Reduction Act (IRA) and how taxpayers can take advantage of them. The panelists will analyze recent IRS guidance, including proposed investment tax credit (ITC) and production tax credit (PTC) regulations, as well as explore taxpayers' options for monetizing these credits.

Mr. Strickland will participate in a panel focused on the employee retention credit (ERC). This program allowed taxpayers who suffered a pandemic-related business interruption to claim a tax credit tied to the number of employees at a business. Only businesses that met certain criteria qualified for the credit; however, in the rush to distribute funds, a number of taxpayers made claims that did not meet these criteria. The IRS has stepped up its enforcement efforts with respect to these taxpayers through increased audits of ERC claims. This presentation will explain what the IRS is doing regarding nonqualifying ERC claims, offer advice for companies and counsel, and review options for voluntary disclosure and withdrawal of claims.

Session Times and Topics

Inflation Reduction Act: Incentives and Monetization Strategies
Mary Kate Nicholson, Moderator
March 4, 2024 | 11:00 a.m. – 12:00 p.m. ET

The Employee Retention Credit Rewind: Evaluating ERC Claims and Determining the Right Path Forward
Daniel Strickland, Panelist
March 4, 2024 | 12:30 – 1:30 p.m. ET