Discussion:Three sets of partnership books, GAAP, Tax, 704(b)
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| Revision as of 17:39, 14 March 2008 Kevinh5 (Talk | contribs) (We have all take) ← Previous diff |
Current revision PostingFromWork (Talk | contribs) (You forgot OCBOA) |
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| {{ForumReplyPost|UserID=Kevinh5|Date=14 March 2008|Text=We have all taken years and years of education and continuing professional education. I don't think it can be done with one book.}} | {{ForumReplyPost|UserID=Kevinh5|Date=14 March 2008|Text=We have all taken years and years of education and continuing professional education. I don't think it can be done with one book.}} | ||
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| + | {{ForumReplyPost|UserID=PostingFromWork|Date=14 March 2008|Text=You forgot OCBOA and then the "real" basis ledger that you're supposed to keep buried in a coffee can in the back yard. | ||
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Current revision
Discussion Forum Index --> Advanced Tax Questions --> Three sets of partnership books, GAAP, Tax, 704(b)
Discussion Forum Index --> Tax Questions --> Three sets of partnership books, GAAP, Tax, 704(b)
| 14 March 2008 | |
| I read that LLCs should keep its books on the following bases of accounting: GAAP, Tax and Section 704(b).
Does anyone know of a good reference book that explains how 704(b)basis books and records are utilized in the preparation of income tax returns? Thanks in advance, R- | |
| 14 March 2008 | |
| We have all taken years and years of education and continuing professional education. I don't think it can be done with one book. | |
PostingFromWork (talk|edits) said: | 14 March 2008 |
| You forgot OCBOA and then the "real" basis ledger that you're supposed to keep buried in a coffee can in the back yard. | |
