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- Re: 1120S forgot to put in a AMEX liability. Do I need to amend for the balance sheet if they didn't meet the asset test?
1120S forgot to put in a AMEX liability. Do I need to amend for the balance sheet if they didn't meet the asset test?
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Golfer2016
Level 2
04-19-2020
12:00 PM
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Client didn't meet the asset test but we did a BS anyways. We forgot to put a credit card as a current liability. Do I have to amend? Or, for this year, can I just put the info in as if the liability was there?
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1 Comment 1
IRonMaN
Level 15
04-19-2020
12:03 PM
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No change to taxable income, no need to amend. But how did everything balance if you were missing that?
Slava Ukraini!
