corporate tax Tag

White House officials outlined President Donald Trump’s tax plan Wednesday, a proposal Treasury Secretary Steve Mnuchin is calling “the biggest tax cut and the largest tax reform in the history of this country.”  Mnuchin stated the goal of the plan is to create jobs and...

As we approach the end of the year, C-corporations should think about shifting income and deductions between 2015 and 2016. Usually, C-corporations can benefit from a tax perspective by deferring and accelerating income and deductions. The following briefly discusses some situations in which acceleration and...

Convertible Debt in an S CorporationBecause S corporations cannot issue preferred stock, they will often give investors convertible debt that attempts to mimic the preferences they might obtain through preferred stock. However, unless carefully structured, the issuance of convertible debt may terminate a corporation’s S...

Under Section 6045B of the Internal Revenue Code of 1986, as amended (the "Code") many corporations are required to file a new return (Form 8937) with the IRS in connection with non-dividend distributions and other corporate actions affecting stock basis. More specifically, starting in 2011,...

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