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.