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Tax Reform: Impact on Corporate Tax Planning and Reporting

Corporate Tax Rule Changes, Benefits, Limitations and More

Recording of a 110-minute CPE webinar with Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, February 15, 2018

Recorded event now available

This CLE/CPE course will offer counsel and tax professionals an overview of complex issues and considerations stemming from the new tax law. The panel will discuss the impact of new corporate tax rules and regulations, and provide guidance on available options leading to effective corporate tax compliance and potential tax savings.

Description

Tax reform, signed into law in December 2017, is the first major overhaul of the Internal Revenue Code since 1986. It substantially impacts corporations across all industries. The new tax law encompasses changes affecting corporate tax compliance and reporting and fundamental aspects of international taxation.

Counsel must quickly develop an in-depth understanding of how tax reform affects corporations to advise clientele of opportunities and pitfalls associated with business operations. Counsel and tax professionals must understand complex provisions such as the business interest deduction limitations, implications of the reduced corporate tax rate, the benefits-received deduction, and changes affecting multinational entities.

Listen as our panel discusses complex changes to corporate tax rules and provides guidance on unforeseen implications impacting corporations.

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Outline

  1. Highlights of tax reform changes to corporate tax rules
  2. The hybrid territorial system of taxation and factors to consider for multinational entities
  3. Unforeseen tax implications of the reduced corporate tax rate and repeal of AMT to some corporations
  4. Interest deduction limitations, benefits received deduction, and other tax reform items requiring careful consideration
  5. Lingering questions affecting corporate tax compliance and reporting for 2018 and beyond

Benefits

The panel will review these and other key issues:

  • Identifying the impact of tax reform on corporate tax rules and regulations
  • Understanding the shift from worldwide taxation to a hybrid territorial system of taxation and its impact on corporations
  • Ascertaining the available methods for reducing corporate tax liability and limitations stemming from the new tax law
  • Determining effective methods of corporate tax compliance and reporting

Faculty

Lovett, Brian
Brian T. Lovett, CPA, JD
Partner
Withum Smith+Brown

Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses,...  |  Read More

Mills, Darren
Darren J. Mills, Esq., CPA, ChFC, CLU
Attorney
Mills Law Office

Mr. Mills has more than 20 years of experience advising both middle market companies and large multi-nationals...  |  Read More