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Unformatted text preview: Module 4 Instructor Posed Part A: By now, you have gained a general understanding of corporate taxation. Tax preparers generally have a preference over which types of tax returns they prefer to prepare. Using your experience up to this point in the class, explain whether you feel individual taxation is easier or corporate taxation and why. I feel that individual taxation would be easier. I think that there are not as many in between issues or grey areas. Yes, there are many grey areas in individual taxes, but I think they are clearer than corporate taxation. With individual taxation one always required documentation to support the itemized credits. In corporate taxation, one has to depend on the corporation to be honest on credits it is taking. For instance, one has to depend on how the corporation is doing its deprecation. The company could shorten the time period or lengthen it for depreciation time frame. If the company lengthens the depreciation time frame, the company could use the credit frame....
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- Spring '11
- Corporation, Taxation in the United States, Generally Accepted Accounting Principles