How are unrealized events reconciled in the Tax Continuity Worksheet?

Andrew Skujins -

Unrealized events journalized in a prior year that are included in the "opening receivable (payable)" balances that have not been resolved in the current year (e.g. a journalized payable as a result of an ongoing audit still pending resolution) will be included in the tax year ending receivable/payable balance to be reconciled in future years when the event occurs.

Have more questions? Submit a request

0 Comments

Please sign in to leave a comment.
Powered by Zendesk