Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on July 19, 2002

One Set of Books

Victor Canto has some good ideas here. Rather than add so many new rules for corporate bookkeepers that they end up needing to maintain three completely different sets of books (for investors, IRS & regulators), he recommends that the figures given to IRS be the sole figures to report a corporation’s finances. Sometimes, the simple approach is the best.

KMK

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