Question
Question 19 of 35. If a sole proprietor does not have books or records, you should: A. Refuse to prepare the return because the IRS
Question 19 of 35. If a sole proprietor does not have books or records, you should:
A. Refuse to prepare the return because the IRS only allows you to accept income and expenses that are documented.
B. Ask them to tell you everything they can remember and use only that information to prepare the return.
C. Help them reconstruct their income and expenses using business records like bank statements, cell phone records, and appointment books.
D. Advise them on ways to get the information themselves, but not help them do the reconstruction because that's a conflict of interest.
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