What financial information useful to help with forecasting

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Reference no: EM131179294

Tax Planning

As corporations seek to increase shareholder profit; minimizing federal income taxes requires planning and forecasting. In this discussion post;

• Identify two areas on Form 1120 where corporations can do tax planning to minimize tax liability. Examples include Dividends Received Deduction, Net Operating Losses, and Charitable Contributions.

• Explain why the two items were chosen and what financial information (i.e. prior year tax returns, possible sales and acquisitions) is useful to help with forecasting.

• 100 word minimum.

Reference no: EM131179294

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