No BS

[ILLMAS]

For the first time, I am not going to fill out Sch L (balance sheet) on a 1120, client only brought in income and expenses plus they are under 250K in assets. I always make sure the BS ties to my accounting record, but for once the hell with it.

[rfassett]

That is dangerous thinking, partner. If it is a calendar year corp, it is delinquent anyway, so make the client give you the info. I always look at the threshholds as a benefit to the IRS - not to me. They (the IRS) are going to expect it to be tied out on audit - or the auditor will tie it out himself, and you know where that can go.

Anyway, those are just my thoughts. I have had clients do the same thing you describe. But by the time I get finished with them, the following year they are asking ME what I need to be able to tie it out.