Your client, Barbara, has just formed a new corporation that provides consulting services to couples conte
- Your client, Barbara, has just formed a new corporation that provides consulting services to couples contemplating marriage. She has learned from her accountant that there will be items in her business that cause her financial accounting income to be different than her taxable income.
- How would you explain to Barbara what these income and expense items are and how she will compute her corporation’s taxable income?
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