Overview:

As corporations seek to increase shareholder profit, minimizing federal income taxes requires planning and forecasting.

Initial Post:

For your initial post, identify two areas on Form $1120$ where corporations can implement tax planning to minimize tax

liability. Examples include Dividends Received Deduction, Net Operating Losses, and Charitable Contributions. Explain why

you chose the two areas and what financial information $($e$.$g$.,$ prior year tax returns, possible sales, and acquisitions$)$ is useful

to help with forecasting.