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Tax Equalization Worksheet  Form

Tax Equalization Worksheet Form

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Instructions and help about Tax Equalization Worksheet

okay so how do i make my balance sheet from my books match my balance sheet on my tax return so the concept behind this is that on your tax return your balance sheet on your tax return has one line of retained earnings right and on your books you have retained earnings you have net income you have all your distribution contributions your beginning balances so all of this on your books equals that retained earnings what's listed on your tax return so in your books your your ex that's separating those items whereas on your tax return you just have one line because you know you have distributions on different lines so at the end this is the summary of their retained earnings so last year tax return ending balance the ending number should be the beginning balance of retained earnings on your current tax year rewind it if you need that if you need that wording again but those two numbers basically your current balance current year balance sheet on your books retained earning

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