The corporate tax rate in the United States is currently a flat rate of 21%. Before theTax Cuts and Jobs Act (TCJA)of 2017, the corporate tax rate was 35%. In August of 2022, the United States Congress passed a new 15% corporate minimum tax into law as part of the Inflation Reducti...
As an example of a taxable termination, consider a transferor who establishes an income-producing trust for his son. Upon the son's death, the remaining property would be passed on to the transferor's grandchild, at which time those assets would be subject to the GST tax. A taxable distrib...
When the Hot Stove Goes Cold: The TCJA, Baseball Contracts, and Avoiding an Administrative Nightmare In 2017, Congress passed the Tax Cuts and Jobs Act, a sweeping tax reform bill which altered huge swaths of the Internal Revenue Code. Among the numerous changes was an alteration to 搂 1031...