id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-422	Keinan, Yoram	Book Tax Conformity for Financial Instruments	2022	78	.pdf	application/pdf	32634	1675	55	In addition to the traditional cash and accrual tax accounting methods for financial instruments, there are various other methods of taxing financial instruments. Support for the idea that only limited conformity is desired could be found in a statement made by former Treasury Secretary Paul O’Neill: “eliminating some of the myriad differences between book and tax accounting would go a long way toward demystifying both corporate financial statements and the book/tax reconciliation on Schedule M-1 of corporate returns.”	cache/ftr-422.pdf	txt/ftr-422.txt