Plain Language of Change:
- For tax years after December 31, 2017 the corporate tax rate is a flat 21%
- Alternative Minimum Tax for corporations is repealed
- The new corporate rate applies to personal service companies
Detailed Analysis of 21% Corporate Tax Rate & AMT
Cordasco & Company PC is a boutique CPA firm specializing in federal and state tax issues. We provide customized tax and accounting services specifically designed to help our clients capitalize on the rapidly changing tax and accounting environments.
