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Year-End Tax Strategies for Businesses

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The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion.

Tax
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More winners and losers from the Trump tax bill

Accounting Today

Thats still good through 2032. Also, there is still a tax credit for manufacturing renewable components. companies from this tax increase in the European Union, will be made permanent. All rights reserved. That also goes for zero emission nuclear power," said Boccaccio. That didnt go away under Section 45X.

Tax
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2022 Year-End Tax Planning Checklist

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Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). million in 2023).