Corporations Calculate Adjusted Gross Income (Agi)in the Same Way as Individuals.
Corporations calculate adjusted gross income (AGI)in the same way as individuals.
Corporations have a larger standard deduction than individual taxpayers because they generally have higher revenues.
Large corporations are allowed to use the cash method of accounting for at least the first two years of their existence.
Although a corporation may report a temporary book-tax difference for an item of income or deduction for a given year, over the long term the total amount of income or deduction it reports with respect to that item will be the same for both book and tax purposes.