Web• Depreciation deductions: different amounts and/or methodology; • Travel and entertainment expenses: limitations on deduction for tax; • Sec. 263A: more costs typically capitalized into inventory for tax than for book; • Bad debts: reserve taken for book, but deduction allowed only once bad debt actually occurs: WebWhich of the following would create a permanent difference between published statements and tax returns? A) Municipal bond interest income B) Deductible charitable contributions …

Is Bad Debt Expense Part of Operating Expenses or Cost

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The Tax versus Book Accounting Gap – Cooperatives - Extension

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