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complete2022
New Member

I'm doing my S Corp taxes previously done by a CPA. My income and losses are too high compared to previous years. What am I missing?

 
2 Replies
Critter-3
Level 15

I'm doing my S Corp taxes previously done by a CPA. My income and losses are too high compared to previous years. What am I missing?

TT doesn't offer support for those doing corporate returns so print off a copy of both tax years and compare them  and also review your bookkeeping records against the 1120-S to make sure you entered then correctly  AND  the figures will be different from year to year and that is perfectly normal. 

Mike9241
Level 15

I'm doing my S Corp taxes previously done by a CPA. My income and losses are too high compared to previous years. What am I missing?

if you imported from quickbooks make sure the accounting method used was the same as last year.

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