Separation of accounting and tax leads to permanent difference and timing difference;

财务与税收的分离导致了永久性差异和时间性差异的产生；

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We might even believe that they are related to each other, given a little bit of massaging and or negotiation with the IRS plus perhaps the odd timing difference.

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Think of it as a timing difference.

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Timing makes a huge difference with regard to estate planning, whether because of taxes, interest rates, mental capacity or insurability.

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