Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

IRS audit adjustment

Level 1

My client got audited and resulted in disallowed exp adjustment for prior year. How do I enter the information in form 1120 in ProConnect? 

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

4 Comments 4
Level 15

Why do you think you need to enter it?

Where do you think you need to enter it?

If you're preparing a 2019 tax return, prior year disallowed expenses are a nonissue for 2019.

Level 15

But it would need to be entered if an amended state return is going to be prepared.😄

Slava Ukraini!
Level 15

I am adding to this thread only because I like this cascading thingy... until it doesn't work after, I think, the third response???

... if an amended return is going to be prepared for items other than the adjustments made by the IRS. 😈

Still an AllStar
Level 15
Some go long past a third response.
If the audit involved a reduction to cash on the balance sheet, that would have to be resolved?

Here's wishing you many Happy Returns