CathyW
Level 1
10-09-2020
08:21 PM
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My client got audited and resulted in disallowed exp adjustment for prior year. How do I enter the information in form 1120 in ProConnect?
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sjrcpa
Level 15
10-09-2020
09:02 PM
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Why do you think you need to enter it?
Where do you think you need to enter it?
If you're preparing a 2019 tax return, prior year disallowed expenses are a nonissue for 2019.
Ex-AllStar
IRonMaN
Level 15
10-09-2020
09:34 PM
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But it would need to be entered if an amended state return is going to be prepared.😄
Slava Ukraini!
itonewbie
Level 15
10-09-2020
11:46 PM
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I am adding to this thread only because I like this cascading thingy... until it doesn't work after, I think, the third response???
... if an amended return is going to be prepared for items other than the adjustments made by the IRS. 😈
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Still an AllStar
Still an AllStar
George4Tacks
Level 15
10-10-2020
12:47 PM
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Some go long past a third response.
If the audit involved a reduction to cash on the balance sheet, that would have to be resolved?
Here's wishing you many Happy Returns
If the audit involved a reduction to cash on the balance sheet, that would have to be resolved?
Here's wishing you many Happy Returns
