FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

The S-corporation is a flow-through business entity under Subchapter S of the IRC. Go to the IRS websiteLinks to an external site. and search for a corporation's tax return (Form 1120) and an S-corporation tax return (Form 1120-S).

Discuss one similarity or difference that you notice between the two returns. In that discussion, include why the similarity or difference exists. 

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