Earnings & Profits
Additions to TI
+ Municipal Interest & life insurance proceeds
+ DRD
+ deductions for carryovers from previous years
+ domestic production activity deduction
- proceeds from corporate life insurance (less cash surrender value)
New Expenditures
- federal income tax
- related party losses
- penalties, fines, lobbying expenses
Modifications
- deferred part of gain on installment sale
- depreciation > straightline
- section 179 expense
- net capital loss
-
