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rjbrielle
Joined: 18 Mar 2006
Posts: 62
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| Posted: Fri Aug 04, 2006 8:34 am Post subject: Preparing Corporate Taxes |
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Hi-I have my PTP and was wondering if preparing corporate taxes for small business is too high of a liability. I have done the self study course from AIPB. So with my knowledge from the PTP program and the AIPB self study course, is this enough for me to start doing taxes? or should I really be working under a CPA and get liability insurance if I decide to do taxes. I can easily get tax work so I want to start next tax season, but a little hesitant because I don't have anyone to help review returns and so on...
What do you all think? Any advice would help. Thanks! |
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Richard Noot
Joined: 20 Aug 2005
Posts: 912
Location: Minnesota
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| Posted: Mon Aug 07, 2006 9:59 am Post subject: |
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If the return is a basic corp return and the client has good accounting records
you should be able to handle it. However you still might want the return
reviewed by someone with more experience. Just remember to get the clients permission in WRITING to disclose his tax info to a third party. |
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Jay23
Joined: 25 Jun 2006
Posts: 7
Location: New York
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| Posted: Sun Aug 13, 2006 8:54 am Post subject: Taxes |
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Also type a formal later on client's behalf saying that all the information is true to best to my knowldge. Because you will be doing taxes based on the information your clients provide you. If God forbids something goes wrong you will have something to support that you did the return based on the information provided by your client. Yea If you make any error. thats different. But there is plently of room to make errors and you can enventully fix them with IRS. DO NOT MAKE ANY INTENTIONAL ERROR.
other then that you can Amend Returns.
Jay |
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