WEBINAR: Tax Reform 2.0 The Sequel – The Made in American Tax Plan
This one-hour course covered key aspects of the Made in America Tax Plan described in the Whitehouse Whitepaper and most recently, in the Presidents proposed budget for fiscal year 2022. We reviewed the proposals and accounting impact of the Senate Finance Committee proposal, along with discussions on tax items by the OECD. We reviewed the financial reporting impact of these tax plans, if enacted, under ASC 740 Accounting for Income Taxes. Lastly, we looked at lingering impacts of the CARES Act and other recently passed legislation impacting income tax accounting.