What is a short year return


Response to the following :

1. Corporation Taxable Income

a. What is the difference in the tax treatment of corporate taxable income and business profits reported on Schedule C of a sole proprietor?

b. Explain why corporations do not compute AGI.

2. Accounting Periods

What is a short year return and when would a corporation have one?

 

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Taxation: What is a short year return
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