For some corporations, a reconciliation of book to tax is required to be reported on form M1. What are the four major types of differences between Book and Tax (not including tax per books and excess losses)? Match the four types of differences with a relevant examples. Type of Difference Example of a Difference Income for book but not for tax Deduction for book but not for tax. Income for tax, but not for the books. v Deductions for the tax return but not for the books. A. Accelerated depreciation. B. Travel and entertainment. C. Municipal bond interest earned D. Royalty income