Charitable Contributions and Special Corporate Deductions
Unique Corporate Deductions
Certain deductions available to corporations are subject to special limitations. Charitable contributions, dividends received deductions, and other corporate provisions require careful application of federal tax rules.
Note
The Dividends Received Deduction is unique to corporations and frequently tested on the CPA REG Exam.
Summary
Corporations receive several specialized deductions that are unavailable to individual taxpayers.