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Tax accounting in the United States concentrates over the preparation, Assessment and presentation of tax payments and tax returns. The U.S. tax program necessitates the use of specialised accounting rules for tax purposes which often can differ from the normally recognized accounting concepts (GAAP) for money reporting.
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Action 3. Write-up the entry in the person accounts in ledgers. Usually, Ts characterize the accounts with debits over the remaining and credits on the appropriate.
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