Top 10 Firm Forvis released
The new clean energy tax solution walks users through discovery with a questionnaire that collects details about a user's clean energy initiatives and investments. Following completion, the tool shares a customized educational report outlining some of the tax credits and deductions that may be relevant, given the user's input. It can also connect users with a Forvis advisor who can then help fulfill ongoing compliance requirements. This tool is available for all, not just Forvis clients.
The tool, for both business and personal sections, asks first if the user is a Forvis client, then asks about where the user is located and what their income is. After that, it asks whether they already have green energy projects or investments, or if they'd prefer to receive information about what potential tax provisions are out there. If the user says they already have projects, then it will ask them to go through a list of which ones they have; once that step is completed, the tool then asks follow-up questions to determine eligibility for specific programs.
For example, if someone says they have had a home energy audit, it then asks when the property was placed in service, if they installed things like exterior windows that meet Energy Star standards, if specific equipment like hot water heaters or central air conditioning units met other energy efficiency standards, how much they paid for various energy efficiency-related renovations, and how much they paid for the home energy audit.
"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," explained Rich Boer, director at Forvis, in a statement. "With this free tool, leaders can access critical information through the Educational Report and request personalized guidance from Forvis advisors. Through a four-phased approach, our IRA consulting team can help clients significantly reduce the time investment required to strengthen their bottom line."
