abctax55
Level 15

Because perhaps the loan was paid off prior year?

Because the client *should* give you ALL info?

Because you , the preparer, are supposed to double check things as part of your due diligence?  The software can only do so much... if it reminded us of EVERYTHING that was there last year but not this year the diags would be ten pages long.

A comparison to the prior year should be part of your SOP.

"*******Tax software is no substitute for a professional tax preparer*******
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