Jerald David August presented "Impact On: Closely Held Corporations" for the Impact of the New Tax Act Video Webcast

This presentation focused on the different treatments of closely held S corporations, C corporations, and their shareholders, under the new law. Topics included tax rates, conversions from C to S or S to C status, and the benefits of C corporations engaging in offshore business operations.

The new loss and interest limitation rules were also discussed, as well as the greater use of the cash method of accounting.