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3 12 16 Corporate Income Tax ReturnsInternal Revenue Form

3 12 16 Corporate Income Tax ReturnsInternal Revenue Form

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any business out there doesn't pay taxes on Revenue but only on profits now how do you calculate profits profits are the revenue minus any other expenses that you can write off based on the United States IRS tax code Amazon has its own Fleet of trucks Office Buildings FedEx shipping UPS shipping management travel expenses gas bills the website the cost of the development the cost of the servers literally over 1.5 million employees all of that has to be subtracted so you get my point but then there is a few extra things that a company like Amazon gets to write off that really take them and to the point that they actually don't have to pay taxes so for example Amazon owns real estate now in real estate there are some rules that allow you to write off certain pieces of those buildings of those warehouses much faster [Music]

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