S-Corp re-files

[Suzanne]

I have a new client that has some questions about previous years filings for his S-Corp. After reviewing the information (and I went through check registers and bank statements) I found that income was mistated for one year ( a partial year, and numbers got transposed) and that assets were not depreciated the next year. Does anyone have any thoughts on whether these returns should be amended or adjustments simply made to the new year's return? The partial year looks like it will still flow through about the same, but not the year asset dep. was missed.

[Brian EA]

Let us get right from the start.
Amend the prior years's return then do the current year.

[Gretel]

Yes, for the missed depreciation an amended return should be filed.