The State of Federal Tax Reform: A Federal and State Corporate Tax Perspective

Overview


Since the Tax Cuts and Job Creation Act (P.L. 115-97) became law last year, there have been efforts toward implementation and interpretation by the IRS and federal tax professionals. Additional funding has been approved for the IRS to cope and there has been speculation regarding potential technical correction legislation. The states have also been struggling to interpret the provisions and how they apply in a state tax context, including both conformity issues and the ripple-effects of federal tax reform.

The Federal and State Committees, in collaboration with McDermott Will & Emery, invite you to attend a Tax Reform Seminar on Tuesday, May 15, where the leaders in McDermott’s Tax Practice will discuss the latest developments of the reform.

Agenda


PROGRAM

8:00 – 8:30 am: Registration, Breakfast and Networking
8:30 – 10:00 am: Domestic Tax Reform Provisions and the State and Local Implications:

  • NOLs
  • Interest Expense Limitation
  • Expensing
  • FDIC Fee Reduction Limitations
  • Capital Contributions

10:00 – 10:15 am: Break
10:15 – 11:45 am: International Tax Provisions and the State and Local Implications:

  • Repatriation
  • GILTI
  • FDII
  • BEAT

11:45 am – 12:00 pm: Lunch Break
12:00 – 12:30 pm: Recap of Wayfair Argument and Potential Implications

CPE/CLE credits will be offered.

Dig Deeper

Chicago, IL / Speaking Engagements / September 2, 2020

Practising Law Institute: International Tax Issues 2020

Grand Cayman, Cayman Islands / Speaking Engagements / December 5, 2019

Cayman Captive Forum 2019: Federal & State Tax Update

Grand Cayman, Cayman Islands / Speaking Engagements / December 4, 2019

Cayman Captive Forum 2019: Group Captive Disclosure and Tax Issues for Participants/Members

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