Word forms: (regular plural) book-to-tax reconciliations
( Accounting : Financial statements )
In performing a book-to-tax reconciliation, you must identify those items of income and deduction which differ from book to
The tax exempt income is simply subtracted from book income in the book-to-tax reconciliation.
A book-to-tax reconciliation is the act of reconciling the net income on the books to the income reported on the
tax return by adding and subtracting the non-tax items.
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