An S corporation may deduct: a. Charitable contributions within the percentage of income limitation applicable to corporations.
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An S corporation may deduct:
a. Charitable contributions within the percentage of income limitation applicable to corporations.
b. Net operating loss carryovers.
c. Foreign income taxes.
d. Compensation of officers.
CorporationA 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...
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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