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March 18, 2026The Accounting Review

Misleading Tax Figures--A Problem for Accountants.

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Authors

RWRichárd WéberUniversity of Wisconsin–Madison

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Implication

This analysis uncovers differences in tax liability reporting for corporate groups, suggesting reforms in accounting practices.

Key Points

  • The aim is to explore discrepancies in tax liability reporting due to dual allocation methods used by corporate groups.
  • Examination of current allocation methods for consolidated tax liabilities.
  • Use of illustrative examples to demonstrate discrepancies in tax reporting.
  • Proposal of an allocation method consistent with sound accounting practices.
  • Identified differences in tax liabilities reported to the IRS versus financial statements.
  • Noted that existing allocation methods often do not align with sound accounting principles.
  • Highlighted the need for action within the accounting profession to address these discrepancies.

Cite This Study

Richárd Wéber (1977) studied this question.

synapsesocial.com/papers/69ba43984e9516ffd37a503bhttps://doi.org/10.2308/tar-4493627
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Misleading Tax Figures--A Problem for Accountants: A Reply.1978
  2. 2Misleading Tax Figures--A Problem for Accountants: A Comment.1978
  3. 3Allocation of consolidated Taxes--fiction in Financial Statements.1985
  4. 4Changes in Tax Rates Under the Deferred and Liability Methods of Interperiod Tax Allocation.1987
  5. 5Narrowing the Taxable and Accounting Income Gap for Consolidations.1968