USA Guidance On Reviewing Form 1120 prior to signing


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Next Year I will be tasked with the review of our corporate income tax filings (fed and state). We engage with an accounting firm to prepare the returns for us, so I was wondering what I need to focus and what do I need to review in order to make sure the return was prepared correctly?

Apologies if this is too general, but looking forward to any guidance you can provide.
 
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kirby

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The above is a good start.
Also, consider contacting the folks who prepared the return and go over it with them to get super familiar with any tax issues they had, to learn their assessment of any risky tax positions, and ask if there are any large timing differences and what the plan is for when they "turn around." Also get a good understanding of those timing differences.
 

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