Have you ever had a client give you a set of financial statements that don't exactly make sense? How can you take a rough set of QuickBooks financials and decipher it appropriately to still get the return right? This course will walk through the initial review of client-provided financial statements and show how to get them to a complete and accurate presentation. From there, we will walk through how to correctly present this information on an entity tax return.
Objectives
Upon completion of this session, you will be able to:
- Review an initial set of financial statements and identify places where further questions should be asked
- Identify commonly overlooked basis issues based on inaccurate financial statements reported by clients
- Develop a complete and accurate entity tax return package using a clean set of financial statements
