If a corporation issues a bond at a price less than the face value of the security,

Question:

If a issues a bond at a price less than the of the security, the discount is amortized, for accounting purposes, over the life of the bond. How does this treatment of the discount compare with the treatment for tax purposes?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...