Wk 2 DQsWeek Two Discussion Questions-Please Answer One of the following as your

Wk 2 DQsWeek Two Discussion Questions-Please Answer One of the following as your question for the week. Prof Dave What are the alternative tax years available to a corporation? What factors should be considered in electing the tax year? What methods of accounting are available to a small business and to a large business? If the business decides to make an accounting methods change how is this accomplished? What are the requirements for the following deductions: U.S. production activity deduction dividend received deduction and net operating loss? Discuss any recent legislative changes. What is the legislative intent behind the corporate alternative minimum tax (AMT)? Define tax preference items AMT adjustment and minimum tax credit.