Sentences with book-to-tax reconciliation
- In performing a book-to-tax reconciliation, you must identify those items of income and deduction which differ from book to tax.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.