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March 18, 2026The Accounting Review

Narrowing the Taxable and Accounting Income Gap for Consolidations.

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Authors

DCD. Larry CrumbleyPennsylvania State University

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Implication

This article discusses new regulations that improve reporting consistency in tax and accounting for affiliated groups.

Key Points

  • The article aims to analyze recent regulatory changes that align taxable and accounting income reports for consolidated entities.
  • Review of new regulations affecting consolidated tax reporting.
  • Analysis of computations necessary for consolidated returns.
  • Examination of the 'one entity' concept in the context of affiliated groups.
  • New regulations successfully narrow the gap between tax and accounting income.
  • Separate taxable incomes for each member of an affiliated group must be computed for consolidated reporting.
  • The historical interpretation of separate corporations operating as one unit was revised.

Cite This Study

D. Larry Crumbley (1968) studied this question.

synapsesocial.com/papers/69ba43e94e9516ffd37a5a0bhttps://doi.org/10.2308/tar-4496406
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Also Consider

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

  1. 1Allocation of consolidated Taxes--fiction in Financial Statements.1985
  2. 2Misleading Tax Figures--A Problem for Accountants.1977
  3. 3Misleading Tax Figures--A Problem for Accountants: A Comment.1978
  4. 4Misleading Tax Figures--A Problem for Accountants: A Reply.1978
  5. 5Taxable Income vs. Financial Income: How Much Uniformity Can We Stand?1969