Ask Experts Questions for FREE Help !
Ask
    draya74's Avatar
    draya74 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 21, 2009, 01:19 PM
    2008 Corporate Taxes
    Hello Everyone,

    I am preparing my boss's Corporate Taxes and I am not sure where to start. He has QuickBooks and is also in the middle of an IRS audit.

    I have printed the tax summary, but it doesn't seem complete. I feel like there's things missing. I guess I need to find out what the business' income was last year. How do I do this?

    -Andrea
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 21, 2009, 01:53 PM
    Andrea:

    Corporate tax returns are NOT for amateurs.

    In fact, a fair number of tax professionals do not prepare corporate returns.

    Even with tax software, they are extremely complicated and are VERY easy to screw up.

    The fact that you do not know where to start indicates that you are in OVER YOUR HEAD!

    Confess to your boss that you bit off more than you can chew and have him hire a CPA with experience filing corporate returns or an enrolled agent.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Filing for 2008 Taxes. [ 3 Answers ]

2008 has been a very bad year income wise for myself. I have 2 kids and the only source of income that I had was unemployment compensation. Will that be counted as income for 2008 :confused:and will I be able to get the child tax credit and/or EITC?

2008 taxes [ 3 Answers ]

How can I found out how much I will be getting back for 2008 income tax return

Taxes for 2008 [ 2 Answers ]

I received a military bonus for $20,000, and already received $10,000 of it. The bonus got taxed 25%. I have made $29,000 this year so far, and $9,050 have gotten taken out for taxes so far. Do you think that I will get some of the money back. Or can somebody help me by figuring out if I will make...

Filing Company corporate taxes [ 2 Answers ]

I am using turbo tax 2007 business to file my company taxes for tax year 2007. How can I use this same version to file my previous years for 2006 and 2005 tax years?

View more questions Search