Tax accounting of income and expenses of previous years, identified in the reporting year

When conducting tax accounting, an accountant may make mistakes that lead, among other things, to a distortion of income, expenses and, as a result, to an overstatement or underestimation of the tax base for corporate income tax. The article contains recommendations for accountants on how to correct errors of past tax periods in the current period, when it is necessary to submit updated tax returns and avoid penalties. This is the reason for the relevance of this article.