Experienced
Tax Accountant – The TCJA lowers the corporate tax rate to a
flat 21 percent of taxable income for tax years beginning after December 31,
2017. Some corporations elect to use a fiscal year end and not a calendar year
end for federal income tax reporting purposes. Due to a provision in TCJA, a corporation
with a fiscal year that includes January 1, 2018 will pay federal income tax
using a blended tax rate and not the flat 21 percent tax rate under TCJA that
would generally apply to taxable years beginning after December 31, 2017.
Questions?
Give us a call. We're happy to help! For consultation contact us today!
Amare Berhie, Senior Accountant
CFO Services http://youtu.be/EYJdQtbPZAI
(651) 300-4777
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