abctax55
Level 15
12-06-2019
05:34 PM
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I'll be as polite as I can...but you don't seem to understand the basic accounting formula that is the basis for the Balance Sheet. Assets - Liabilities = Equity.
I suggest you either get professional help (if you're doing your own return), or find a mentor if you are trying to help a client. Or pass this client off to someone with more experience in entity returns/balance sheets.
"*******Tax software is no substitute for a professional tax preparer*******
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