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in 200 words, 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.

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