Question: Timing Difference is a book/tax difference that reverses over time, like Depreciation. A permanent difference is a book/tax difference that never reverses, like Municipal Bond

Timing Difference is a book/tax difference that reverses over time, like Depreciation. A permanent difference is a book/tax difference that never reverses, like Municipal Bond Interest and 1/2 of the meals/entertainment expense. Use this for the previous

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