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Title: Corporate Taxation — Domestic Tax Law Changes

Date: Wednesday, February 14, 2018

Time: 1:00 PM Eastern Standard Time

Duration: 1 hour



Morrison & 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

Wolters Kluwer Legal & Regulatory U.S. is pleased to partner with myLawCLE.com for CLE accreditation. Upon completion of each webinar an informal certificate will be issued. Attendees will receive an email from myLawCLE.com with filing instructions so official certificate can be issued for your records and attendance submission where necessary. Additionally, some states do require attendance reports for the participant. In that case, attendance reports will be submitted within 30 days of completion of the program.
CLE credits are only offered for live attendance and are complimentary.