Economics at your fingertips  

Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income

Lillian Mills and George A. Plesko

National Tax Journal, 2003, vol. 56, issue 4, 865-93

Abstract: In this paper, we review the history and purpose of the corporation income tax return’s Schedule M–1 in light of recent attention to corporate reporting issues. Although the traditional role for the schedule has been to assist the audit process, the reconciliation of book to tax accounting numbers also provides information useful to tax analysts. We find the existing tax return Schedule M–1, largely unchanged since its introduction in 1963, provides insufficient detail for complex reconciliation issues. We propose revisions to the M–1 to achieve better reconciliation, and discuss the advantages and disadvantages of public disclosure of such data.

Date: 2003
References: View complete reference list from CitEc
Citations: View citations in EconPapers (23) Track citations by RSS feed

Downloads: (external link) ... ing-gap-proposal.pdf (application/pdf) ... ng-gap-proposal.html (text/html)
Access to most recent volumes (current and past two years) is restricted to subscribers and members of the National Tax Association.

Related works:
Working Paper: Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

National Tax Journal is currently edited by Stacy Dickert-Conlin and William M. Gentry

More articles in National Tax Journal from National Tax Association, National Tax Journal Contact information at EDIRC.
Bibliographic data for series maintained by Sally Sztrecska ().

Page updated 2020-06-03
Handle: RePEc:ntj:journl:v:56:y:2003:i:4:p:865-93