Overview: As corporations seek to increase shareholder profit, minimizing federal income taxes requires planning and...

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Accounting

Overview:
As corporations seek to increase shareholder profit, minimizing federal income taxes requires planning and forecasting.
Initial Post:
For your initial post, identify two areas on Form 1120 where corporations can implement tax planning to minimize tax
liability. Examples include Dividends Received Deduction, Net Operating Losses, and Charitable Contributions. Explain why
you chose the two areas and what financial information (e.g., prior year tax returns, possible sales, and acquisitions) is useful
to help with forecasting.
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