Accounting for taxes is a challenging area for some accountants. There are many rules, laws, and regulations that can significantly impact the organization or individual and how much tax they end up owing and when they owe it. Even if a firm hires an outside accountant to do their taxes, they must still have a basic knowledge of the tax laws to make the best decisions throughout the year. Discuss a minimum of three tax laws that would impact a corporation and actions they could take throughout the year to reduce or defer their taxes legally