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In reconciling income per books with income per tax on Schedule M-1, all of the following adjustments are required except : a. Add back nondeductible
In reconciling income per books with income per tax on Schedule M-1, all of the following adjustments are required except:
| a. |
Add back nondeductible business meals.
| |
| b. |
Add back nondeductible federal tax expense.
| |
| c. |
Add back nondeductible fines and penalties.
| |
| d. |
Adjust depreciation expense to use the straight-line method (always required by the IRS). |
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