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Calculating Income for Delinquent Tax Returns – Paul Gaulkin CPA


In the case of delinquent tax returns, the taxpayer may need to use unconventional methods to calculate the income they had earned in prior years. There are many different methods available to the taxpayer depending on factors such as the availability and adequacy of the taxpayer’s books and records. Methods for Calculating Income The primary methods for the taxpayer to calculate their income in regard to filing their delinquent tax returns include: 1. Indirect bank deposit method 2. Indirect expenditure … Read more