Sorry but that is not true. The income statement is based on GAAP which is
different from tax accounting. If you go to the cash flow statement you
will see an adjustment for taxes since they did not pay the amount in the
income statement.

Mike
MU-2


"Robert M. Gary" wrote in message
oups.com...
For a guy with the handle taxsrv, I am surprised that you don't know the
difference between GAAP and tax accounting and that you can't reconcile
the
cash flow statement with the earnings statement

Mike, if their 10K (GAAP) reports expenses for taxes, its a good bet
they are paying income tax.

-Robert