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posted Aug 14, 2020 7:29:05 PM

Audited Profit & Loss Statement for Refinance

I am trying to refinance our house but they are requiring me to get an audited profit and loss statement form Jan-July 2020. I prepare our own taxes using Turbo Tax Business. I've called around to local CPA's and they wont help me unless i am an existing client. Any advice???

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1 Replies
Alumni
Sep 7, 2020 9:10:12 AM

Are they requiring a certified audit; or, an audit?   There is a difference.

 

If not requiring a certified audit, then if any LPAs exist in your state anymore (Licensed Practical Accountants - they are a dying group, if not all ready extinct) they could do an "audit", but not necessarily a certified audit.

 

If needing a certified audit, as far as I'm aware, only a CPA can do that.  Why won't the CPAs do an audit if you pay for it?     Perhaps you'll have to try a regional firm?    Single office or small office....I guess if they won't do it for a fee I don't know of a solution. 

 

Good luck