Basics and Beyond Income Tax Seminars

Tax News
2011 ENERGY PROPERTY CREDIT SIGNIFICANLTY CHANGED [January 2011]

Unlike many of this year's “tax extenders,” the nonbusiness energy property credit was not merely extended. The rules have actually reverted back to the 2006 and 2007 requirements triggering significant changes compared to 2010:

The credit was extended for only one year (as opposed to two years like most of the extenders);
The 30% credit has dropped to 10% of the costs paid for qualified energy efficiency improvements;
The dollar limits on certain expenditures have returned ($50 for air circulating fans; $150 for furnaces and hot water boilers; and $300 for each item of energy-efficient building property)
Instead of a 2-year limit of $1,500, the lifetime limit of $500 has returned ($200 for windows)
The more restrictive energy efficiency standards have returned.

It should also be noted that the $500 lifetime limit is calculated taking into consideration the amount of all energy property credits taken for previous years (including 2009 and 2010). As a result, many taxpayers may be surprised that they will not receive any tax benefit this year for expenditures.

16 CPE Hours
(13.5 CLE Hours⁺)
2 Hours of Ethics
ONLY $350.00
Save $195*

Early Registration ends July 31st

⁺CFPs will receive 16 hours of CE credit. None of those hours will be CFP ethics hours.

⁺Ohio attorneys must have taken Ohio's three-hour basic ethics course in order to receive ethics credit.

⁺Pennsylvania Attorneys will receive 13 hours of CLE credit including 12 hours of ethics

* Save $195 when compared to registering separately for both sessions after July 31st.




Basics & Beyond, Inc. 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, Nashville, TN, 37219-2417. Web site: www.nasba.org.