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And precious little simple response to the question posed. There is no SIMPLE response to any overly complex subject such as GAAP. It's continually changing. If you are not providing GAAP financial statements for clients - as almost all states require CPA or alternate licensing to do so, then why the interest in book-to-tax adjustments based on GAAP. There is no crime in knowing what it is, but pretending to use CPA terminology when you are not a CPA is quite hypocritical. If you're that interested in GAAP compliance, then I suggest you search the multitude of CE publishers/promoters who sell GAAP subject information or as Lion suggests - go to AICPA website.

I'm an EA, not a CPA. When I do bookkeeping for entity clients, I keep the books on the tax basis. Then, when preparing the tax returns, I have NO book-to-tax differences. I can't help you. And, the only things I want to learn about GAAP is when it might be required for a client, when it might come into play when preparing tax returns, if ever. I do think you need an accounting forum. If enough accountants are here and keep GAAP books for their clients, perhaps you could request a separate forum here. But, in the meantime, do look for a GAAP forum under CPA-specific sites, maybe AICPA.

If you're not functioning as a CPA - then why pose the question(s) about GAAP?

I've heard that Microsoft was making it hard to download Chrome and other browsers. Can you download the installer on another computer, put it on a flash drive and install it that way? 10Mbs a huge upgrade? We should be ashamed that we haven't wired the whole country by now with high speed internet. It's as important as electricity for a business.