Your client is contemplating changing from a sole proprietorshipto a C corporation. He has heard the terms \"book to taxdifferences,\" \"dividends received deduction,\" and \"differences inthe charitable deduction,\" but would like a detailed discussionfrom you. What would you tell your client with respect to financialand corporate taxation? Discuss the differences, in detail, betweena sole proprietorship and a corporation in how they treat \"book totax differences\", \"dividends received deduction\", and \"differencesin the charitable deduction\", by not only defining the terms, buthow they are treated for both entities including any differences inthe calculation of charitable deductions between the twoentities.
