Adrian Johnson
TLDR:
- Forvis released TaxCred Pro for Clean Energy, a web-based tool to find tax provisions relevant to clean energy projects and investments.
- The tool provides a customized educational report outlining relevant tax credits and deductions and is available for all, not just Forvis clients.
Forvis, a top 10 firm, has launched TaxCred Pro for Clean Energy, a free web-based tool designed to assist users in identifying tax incentives for their clean energy projects and investments. This tool helps users navigate through the complexities of tax provisions, particularly those offered by the 2022 Inflation Reduction Act.
The tool starts with a questionnaire that collects information about a user’s clean energy initiatives and investments. After completing the questionnaire, users receive a personalized educational report that highlights relevant tax credits and deductions. Additionally, users can connect with a Forvis advisor to help with ongoing compliance requirements.
The tool is available for both business and personal use, allowing users to input details about their location, income, and existing green energy projects or investments. Based on the user’s input, the tool provides information on potential tax provisions and eligibility for specific programs, such as home energy audits and energy efficiency renovations.
In a statement, Rich Boer, director at Forvis, explained, “By launching TaxCred Pro for Clean Energy, our goal is to help companies identify tax incentives for their businesses, thereby enabling them to redirect their focus from navigating the complexities of the IRA to addressing more immediate priorities.”
Overall, the release of TaxCred Pro for Clean Energy aims to streamline the process of identifying and leveraging tax incentives for clean energy projects, providing users with valuable information and personalized guidance to enhance their bottom line.
