Tax Return Analysis - Business
• Compare financial information provided on the tax return to financial statements provided (potential reconciling differences) – (Schedule M-1) • Verify Ownership Participation (Schedule B-1, K-1s) • Potential Need to Review Other Parent Company Returns
31
Tax Return Analysis - Business
• Review detail of Company Expenses compared to Financial Statements (lines 9-20) Salaries, etc. • Compare EIN on the return to application and other source documents • Verify address and date of business started (line E) to application and other source documents
32
16
Made with FlippingBook - Online catalogs