rkorpascpa
Level 1

sjrcpa.  If the client received the refund in 2025, would you adjust the 2020,2021 and 2022 books or just the tax return and record the income on the 2025 tax return as tax free income?

If prior year AJE, what would the DR and CR be? 

DR  A/R

CR        Payroll taxes or some Other Income? 

Thanks in advance

0 Cheers