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Tax accounting in the United States concentrates on the planning, Assessment and presentation of tax payments and tax returns. The U.S. tax program calls for the use of specialised accounting ideas for tax reasons which may vary with the frequently accepted accounting principles (GAAP) for money reporting.
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Dealings with Economical Transactions – Economic Accounting helps in recording only events and transactions capable of measuring regarding financial values which aren't monetary in nature and never recorded during the accounting guides.
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