2032 financial statements income tax 
Withum
DECEMBER 4, 2024
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. years) to a shorter depreciable tax life (e.g., 3, 5, 7, 15, or 20 years).
Withum
NOVEMBER 17, 2022
Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. The corporate tax rate is currently a flat 21% rate. years) to a shorter depreciable tax life (e.g.,
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