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.

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Transfer pricing local file outline with functional analysis

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Depreciation book vs tax (MACRS/IFRS) schedule tie-out

Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

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Tax research memo template (issue, facts, analysis, conclusion)

Produces a structured tax research memo with clear issue framing, facts, analysis, and conclusion placeholders. Useful for staff and seniors standardizing technical writing quality.

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