joanmcq Posted March 9, 2023 Report Posted March 9, 2023 I picked up a client some years ago that had prepared his own returns in TT for years. He had an S-corp and three rental properties. Some years, the rentals were reported in the S-corp. Some years on the 1040. One property was a historic building and had carryover business credits. Oh, and he was a real estate professional too. It was approximately 15 years of screwed up returns. I prepared a disclosure with calculations showing for regular tax and AMT, what the NOLs, credit carryovers, etc. etc. what they should have been for each year and the correct figures for the year. And didn’t amend. 3 Quote
Margaret CPA in OH Posted March 9, 2023 Report Posted March 9, 2023 Just WOW, Catherine! I can imagine the time involved with this. Hope you charged and got paid well! 2 Quote
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