US Book-to-Tax
Book-to-Tax Difference (M-1/M-3) Worksheet: track permanent and temporary differences and build the IRS Form 1120 Schedule M-1 (and a simplified Schedule M-3) reconciliation that ties out.
Book-to-Tax Difference (M-1/M-3) Worksheet: track permanent and temporary differences and build the IRS Form 1120 Schedule M-1 (and a simplified Schedule M-3) reconciliation that ties out.
Key Features
permanent differences (they never reverse
50% of meals, fines & penalties, tax-exempt municipal interest, federal income tax per books); others are temporary differences (timing items that reverse in a later year — e.g. book vs. tax depreciation, accrued bonuses, accrued vacation,
Difference catalog
Difference catalog — a seeded library of the standard M-1 difference categories. Each one is tagged permanent or temporary and mapped to the exact Schedule M-1 line it belongs on (additions on lines 2-5, subtractions on lines 7-8). Add your
Worksheet per tax year
Worksheet per tax year — holds book net income plus the adjustment lines. Each line picks a category, records the book amount and the tax-return amount, and carries the M-1 adjustment.
Schedule M-1 reconciliation, computed
Schedule M-1 reconciliation, computed — lines 1 through 10 with the real M-1 arithmetic: book income + additions (non-deductible expenses, income on the return not on the books) - subtractions (income on the books not on the return, deducti
Permanent / temporary roll-up
Permanent / temporary roll-up — additions and subtractions split by permanent vs. temporary so you can see the deferred-tax timing items at a glance.
Simplified Schedule M-3 view
Simplified Schedule M-3 view — the same numbers presented as the M-3 book-income / temporary-difference / permanent-difference / taxable-income reconciliation, and an automatic tie-out check that proves the M-3 taxable income equals the M-1
Analysis report
Analysis report — a SQL-backed pivot/list over every difference line by year, category, classification and M-1 line.
Screenshots
Difference Categories
Why Choose This Module
Disclaimer: this is a calculation worksheet / format-generator. It connects to no agency and files nothing. Verify every figure against your tax adviser and the official IRS instructions before filing.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Update date: 2026-07-05