Question: This coming April, you will be faced with preparing your first tax return since mom and dad said you are now on your own. As

This coming April, you will be faced with preparing your first tax return since mom and dad said “you are now on your own.” As you review the IRS regulations, you notice several differences from what you learned in your accounting class. It appears that businesses must keep two sets of books: one for the IRS and one in accordance with . Why aren’t and IRS rules the same?

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