Generally, for tax accounting only distributions of income (i.e., dividends) are taxed, thus creating book/tax differences.

Name: Generally, for tax accounting only distributions of income (i.e., dividends) are taxed, thus creating book/tax differences.
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In tax accounting, only distributions of income like dividends are typically taxed, leading to differences between book income (financial accounting) and taxable income (tax accounting).

Generally, for Tax Accounting Only Distributions of Income (I