The Tax Cuts and Jobs Act (“TCJA”) reduced the US corporate tax rate to an all-time low 21%. At the same time Congress began, ever so slowly, moving toward eliminating the historical difference between debt and equity for US federal income tax purposes. This session will talk about corporate tax planning, post-Tax Cuts and Jobs Act and will review 2018 IRS guidance under the new provisions including the new Code section 163(j) limit on the deduction of business interest (and proposed regulations, if available), changes in the NOL carryover rules, immediate expensing of equipment costs under new Code section 168(k), the reduction in the corporate income tax rate and other domestic corporate tax provisions.
The webinar will discuss changes from TCJA to:
- US corporate tax rate
- Corporate tax planning
- Limits on interest deductions
- NOL carryover rules
- Expensing and depreciation rules
Thomas Humphreys is a partner in Mayer Brown’s New York office and a member of the Tax Transactions & Consulting practice. He has extensive experience with the tax aspects of capital markets transactions; financial instruments; real estate investment trusts; mergers and acquisitions; bankruptcy and reorganization; tax controversy, including transfer pricing; and international transactions. Thomas also works with investment banks and issuers on developing new financial products.
Remmelt Reigersman is a partner in Mayer Brown’s Palo Alto office and a member of the Tax Transactions & Consulting practice. He concentrates his practice on federal and international tax matters. Remmelt advises on a wide variety of sophisticated capital markets transactions and represents issuers, investment banks/financial institutions and investors in financing transactions, including public offerings and private placements of equity, debt and hybrid securities, as well as structured products. Remmelt's areas of experience also include restructurings (both in and out of bankruptcy), debt and equity workouts, domestic and international mergers, acquisitions, reorganizations and joint ventures.
Linda J. O’Brien is the Editorial Lead for Legal Tax and Emerging Practice Areas on the Cheetah platform in the Wolters Kluwers Legal & Regulatory U.S. She has been with the company since 1997. Linda’s primary area of content expertise is in federal tax. She also has been a writer/analyst for daily news and monthly publications in the antitrust and intellectual property practice areas. Her publication credits include the Antitrust Law Daily, IP Law Daily, Trade Regulation Reporter, and Advertising Law Guide. Previously, Linda managed editorial groups which produced and maintained the daily federal tax news service and numerous legal and accounting subscription, book, and newsletter publications. Her publication credits in the tax practice area include the U.S. Master Tax Guide, Federal Tax Guide, Tax Planning Strategies, Federal Tax Course, as well as several law, explanation and analysis publications on tax legislation. Linda graduated from the John Marshall Law School and has an undergraduate degree in accounting from the University of Illinois and a LL.M. in Taxation from IIT Chicago-Kent College of Law.Watch Now