Valerie C. asked
We made a mistake on the books and are unsure how to correct it on the taxes. We had company A for many years, then opened company B last year with a different EIN and tax ID. One of the assistants deposited money belonging to company A into company B's bank account, and we have no records of these transactions. What is the best way to correct this mistake and ensure it doesn't affect future audits?
September 15th, 2023
Ryan H. answered
To correct this mistake, you should: 1. Transfer the funds from Company B back to Company A and docu...
September 15th, 2023
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