Legal and Regulatory Knowledge Resource Library | Wolters Kluwer Legal & Regulatory Morrison & Foerster Tax Reform Series - Session Two: Corporate Taxation — Domestic Tax Law Changes
Webinar
Wednesday, February 14, 2018

Morrison and Foerster Tax Reform Series - Session Two: Corporate Taxation — Domestic Tax Law Changes

Although the current 2017 maximum corporate tax rate is 35 percent, many corporations now pay an effective tax rate that is considerably less. However, H.R. 1 calls for a 21- percent corporate tax rate beginning in 2018, and the new law makes the new rate permanent. Under the new law, the 80-percent and 70-percent dividends received deductions under current law are reduced to 65-percent and 50-percent, respectively. It also repeals the AMT on corporations.

Morrison Foerster will discuss the prior law, current law, and focus on the following areas:

  • New 21% corporate tax rate
  • 100% expensing
  • Changes to dividends received deduction
  • Interest expense deduction limitations
  • Special treatment of real estate businesses
  • GAAP before Tax income acceleration
  • Modifications to NOL rules
    • Unlimited carryovers
    • Elimination of carrybacks

To view the webinar replay, please click the link below and complete the information. You will receive an email with a link to the webinar.

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