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The S-corporation is a flow-through business entity under Subchapter S of the IRC. From the IRS website (www.irs.gov) a search for a corporation's tax return

The S-corporation is a flow-through business entity under Subchapter S of the IRC. From the IRS website (www.irs.gov) a search for a corporation's tax return (Form 1120) and an S-corporation tax return (Form 1120-S). Discuss the similarities and differences that you notice between the two returns. In that discussion, include why the similarities or differences exist.

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