Help with new RE investor client!

[CAErinB]

I have a new LLC client which purchased a mortgage note (value: $207,998) for a home in Connecticut. The note became non-performing, and the LLC proceeded to foreclose on the property. As of 12/31/15, the LLC was the owner of record for the property. Since then, the home has been sold (at $42,500, a substantial loss: approximately 20% of the value...

[blohm515]

Greetings,

I have a new business client who I am doing his business and personal returns. I looked through his previous business returns (1120S) and noticed that the CPA that did the previous returns never reconciled the balance sheet with the QuickBooks balance sheet. Now, many years later, the balance sheets do not match. What is...