Tax-close revision
A new version of a prepared tax workstream created when facts change after an earlier handoff.
In Solo Superstars
A revision preserves the earlier handoff and opens a new version for review. This keeps the accountant and client aligned on exactly which facts were approved.
Example
A late contractor payment changes a 1099 total after handoff v1, so the information-return workstream opens v2.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- tax revision
- handoff revision
Related
- Tax close — The controlled process of resolving tax requirements, freezing the prepared facts and handing an approved package to the filer.
- Tax workstream — A group of related tax-close requirements that advances independently, such as information returns or income tax.
- CPA handoff — The approved, versioned package of books, tax facts and evidence delivered to the accountant or tax preparer.