What methods of accounting are available to a small

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· What are the alternative tax years available to a corporation? What factors should be considered in electing the tax year?

· What methods of accounting are available to a small business and to a large business? If the business decides to make an accounting methods change, how is this accomplished?

· What are the requirements for the following deductions: U.S. production activity deduction, dividend received deduction, and net operating loss? Discuss any recent legislative changes.

· What is the legislative intent behind the corporate alternative minimum tax (AMT)? Define tax preference items, AMT adjustment, and minimum tax credit.

Reference no: EM13394522

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