The professor of accounting’s research explores the history of selected important book-tax differences.
Susan Anderson, professor of accounting in the Martha and Spencer Love School of Business, co-authored the article titled, “ATA Tax Policy Committee Report – Book-Tax Differences,” which was published in Vol. 13, No. 1 of The ATA Journal of Legal Tax Research.
The article was co-authored by Debra Salbador, associate professor at Virginia Polytechnic Institute and State University, William Raabe, professor at the University of Wisconsin-Whitewater, and Michael Schadewalk, associate professor at the University of Wisconsin-Milwaukee.
The article’s abstract reads:
“This monograph examines the history of selected important book-tax differences since the inception of the income tax and the financial and tax reporting that has evolved over time that addresses these differences. The purpose is to provide a framework for discussion of the policy issues regarding tax reporting and its relation to financial reporting. The focus of this paper is financial and tax reporting requirements. Because the starting point for tax reporting is financial reporting, changes in one have an immediate impact on the other. With movement toward corporate tax reform and continuing consideration of possible convergence with IFRS, it is important to engage in a discussion of this relation and its impact on tax reform.”