TAX CUTS AND JOBS ACT (H.R. 1) – Businesses, Tax-Exempt Orgs & International

On December 22, 2017   /   House Ways and Means Committee, Internal Revenue Service, International Taxation & Reporting, Non-Profit Organizations, Patient Protection and Affordable Care Act (PPACA), Rascon CPA Firm, Tax Compliance, Tax Legislation, Tax Planning  

BUSINESSES Corporate Taxes H.R. 1 calls for a 21-percent corporate tax rate beginning in 2018. The new law makes the new rate permanent. The maximum corporate tax rate currently tops out at 35 percent. Although the current 2017 maximum corporate tax rate is 35 percent, many corporations

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