Strongsilence-C PA
Level 10
10-04-2022
05:54 PM
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Amend definitely.
1. It gives you a chance to show why you are better than the other preparer. (And I hope, client loyalty is established.)
2. It may suggest to a tax agency that the client is intending to learn and to follow the tax laws.
3. Tax basis capital account reporting requirement. Get capital on the tax basis.
Good luck!