Client has to file taxes 2005 to 2009.He had self employ & T4 earnings. I am missing bank statement & revenue & expense records. How do I fill out tax returns?

I have a client who has to file tax returns for 2005 to 2009.  He was self employed and also had T4 earnings. He is missing a lot of information for income and expenses for self employment and also bank/credit card statements. How do I prepare tax returns for him?


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I can't think of any possible scenario where you could prepare valid tax returns for a client who can produce no revenue or expense documents AND no bank statements.  At the very least he should contact his bank and ask for bank statements and copies of cancelled cheques, and credit card statements, for the years in question.  But how sure are you that this would be the only bank he used (an important question if you're calculating revenue based on bank statements)?  The first question I would ask myself would be how much do I need this aggravation.  There would have to be a VERY compelling reason for me to take on such a client.  In my experience, they can rarely afford to pay you for the effort involved.

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