Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income
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 nu...
| Main Authors: | , |
|---|---|
| Format: | Working Paper |
| Language: | en_US |
| Published: |
2003
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| Online Access: | http://hdl.handle.net/1721.1/1839 |
| _version_ | 1811077627474083840 |
|---|---|
| author | Plesko, George Mills, Lillian |
| author_facet | Plesko, George Mills, Lillian |
| author_sort | Plesko, George |
| collection | MIT |
| description | 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 that is 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 a modified M-
1 to achieve better reconciliation, and discuss the advantages, and disadvantages, of public
disclosure of such data |
| first_indexed | 2024-09-23T10:46:02Z |
| format | Working Paper |
| id | mit-1721.1/1839 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T10:46:02Z |
| publishDate | 2003 |
| record_format | dspace |
| spelling | mit-1721.1/18392019-04-10T21:56:17Z Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income Plesko, George Mills, Lillian 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 that is 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 a modified M- 1 to achieve better reconciliation, and discuss the advantages, and disadvantages, of public disclosure of such data 2003-03-14T20:38:13Z 2003-03-14T20:38:13Z 2003-03-14T20:38:13Z Working Paper http://hdl.handle.net/1721.1/1839 en_US MIT Sloan School of Management Working Paper;4289-03 170392 bytes application/pdf application/pdf |
| spellingShingle | Plesko, George Mills, Lillian Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title | Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title_full | Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title_fullStr | Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title_full_unstemmed | Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title_short | Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income |
| title_sort | bridging the reporting gap a proposal for more informative reconciling of book and tax income |
| url | http://hdl.handle.net/1721.1/1839 |
| work_keys_str_mv | AT pleskogeorge bridgingthereportinggapaproposalformoreinformativereconcilingofbookandtaxincome AT millslillian bridgingthereportinggapaproposalformoreinformativereconcilingofbookandtaxincome |