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. On the IRS website review Form 1040 for individuals and associated schedules (Schedule A,...

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Accounting

. On the IRS website review Form 1040 for individuals and associated schedules (Schedule A, B, C, and E).

Compare and contrast individual (1040) and corporate (1120) tax forms. Identify two differences between the form and the current tax rate schedules for individuals and corporations.

Individuals can reduce their taxable income for the prior year in the current year via IRA contributions. Do Corporations have a similar opportunity?

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