Rate reduction or not: Boosting the benefits of federal tax planning
August 8 | 2 p.m. ET | 18:00 GMT
Host: Bob Kilinskis, partner, Deloitte Tax LLP
1 Overview CPE credit | Taxes
With the possibility of a federal tax rate reduction, companies may want to consider additional tax accounting method planning for tax year 2017. How might such planning boost rate reduction tax benefits and, absent a rate reduction, still produce time-value of money benefits? We'll discuss:
- An overview of relevant tax reform proposals.
- Opportunities to accelerate deductions in 2017 and defer revenue into 2018 and potential permanent benefits.
- Potential Forms 3115 for changes in tax accounting methods that may need to be filed.
Explore an array of opportunities to accelerate deductions and defer revenue to gain a time-value of money benefit, possibly boosted by a permanent benefit with a rate reduction.