Intermediate

Book-to-tax reconciliation (M-1/M-3 style) with JE suggestions

Builds a book-to-tax reconciliation and identifies permanent/temporary differences with documentation notes. Useful for tax provision and return preparation.

Create a book-to-tax reconciliation for {company_name} for {tax_year}.

Inputs:
- Pre-tax book income: {pretax_book_income}
- Trial balance detail: {trial_balance_detail}
- Known book-to-tax differences list (optional): {known_differences}
- Fixed asset depreciation schedules: {tax_depr_schedules}
- Limitations (meals, interest, etc.): {limitations}

Output:
1) Reconciliation table: Item, Permanent/Temporary, Amount, Tax effect (if rate provided), Support needed.
2) Draft M-1/M-3 style mapping to categories.
3) Suggested adjusting entries (tax-only) or provision entries if requested.
4) Documentation checklist for each material difference.

Do not provide jurisdiction-specific legal conclusions unless supplied; focus on classification and workpaper quality.

Related Prompts

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Estimated Tax Payment Schedule (Safe Harbor)

Calculates quarterly payments to avoid underpayment penalties using safe harbor rules.

Withholding tax (WHT) assessment for cross-border payments

Creates a WHT assessment checklist for cross-border payments, including treaty considerations and documentation needs. Useful for AP/treasury and tax to avoid surprises.

GPT-5.2 Thinking; GPT-4.1; o3-mini

209

Tax

Intermediate

Apportionment workpaper: factor sourcing rules and tie-outs

Builds an apportionment workpaper template and ties factor data back to GL/subledgers. Useful for defensible SALT filings and audit readiness.

GPT-5.2 Thinking; GPT-4.1; o3-mini

157