You just hired a former individual tax preparer to be in your tax accounting department. While she has a degree in taxation, all her experience has focused on individual returns.
To make sure she completely understands the differences between individual and business tax accounting, you ask her to review some of the materials from her college courses in taxation.
You have asked her to prepare a report on the following topics:
Specifically, how the treatment of the following items differs between individual and business income tax accounting: depreciation double taxation dividends APA low similarity score professional