Iam new in tax accounting. I recently have a final fiscal tax 1120 corp and I need your guidance.
My company doesn't help me much because everyone is busy.
I work with ultra tax and need to make some journal entry to close out
I am zero balance sheet out and the plug number will be distribution.
However, I found my self schedule M is showing a big negative in ending balance.
How can I fixed it, do I make any journal entry.
Please help me out if you can or show me step by step to from books to system.
Thank you so much
Kelly
