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Re: Bermuda Shorts post# 271516

Tuesday, 02/14/2017 1:24:49 PM

Tuesday, February 14, 2017 1:24:49 PM

Post# of 298910
Lawful assets accounting is different from revenue and expenses accounting--the latter pursuant to IRS rules. Accountants have customary and lawful methods for keeping assets off and on any reports. IRS has customary and lawful methods for reviewing what it wants reported. Likely anyone goes with the filed reports of revenues and expenses.

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