Fill - Free fillable C Corporation Tax Organizer Use a separate organizer PDF form

C Corporation Tax Organizer Use a separate organizer for each C corporation

C Corporation General Information

Legal name of C corporation EIN –

C corporation address ❑ (check if new address)

Date incorporated State of incorporation Corp. state residence

Corporation Representative Title

Email Phone ( )

❑ Yes ❑ No

Did the corporation have a change of business name during the year?

Principal business activity

Principal product or service

❑ Yes ❑ No

Was the primary purpose of the corporation’s activity to realize a prot?

❑ Yes ❑ No

Is the corporation a Personal Service Corporation (PSC)?

Accounting method: ❑ Cash ❑ Accrual ❑ Other (specify)

❑ Yes ❑ No

Does the corporation le under a calendar year? (If no, what is the scal year?)

$ Total assets of the corporation at the end of the tax year. If there are no assets at the end of the tax year, enter 0.

New Clients

• Provide a copy of the Articles of Incorporation, bylaws, corporate resolutions, and shareholder buy-sell agreements.

• Provide a copy of the depreciation schedules for book and tax, and copies of tax returns for last three years, including state

returns.

C Corporation Speciﬁc Questions

❑ Yes ❑ No

Has the corporation been notied of any changes to previous returns by any taxing authority? If yes, provide copies of all

correspondence.

❑ Yes ❑ No

Provide a schedule of ownership changes during the year, including dates and number of shares or percentage of ownership.

❑ Yes ❑ No

Have there been any changes to the shareholder’s buy-sell agreements? If yes, provide a copy.

❑ Yes ❑ No

Did the corporation hold an annual meeting with shareholders with a record of minutes maintained?

❑ Yes ❑ No

Has the corporation updated its minute book for the year? If yes, provide a copy.

❑ Yes ❑ No

Did the corporation purchase or sell a business or business segment during the year? If yes, provide a copy of the contract or

agreement.

❑ Yes ❑ No

Did the corporation engage in any new activities during the year? If yes, describe the new business on an attached sheet.

❑ Yes ❑ No

Did the corporation discontinue operations this year? If yes, provide details.

Does the corporation have any of the following employee benet plans? If yes provide copies of plan documents.

❑ Yes ❑ No

• Qualied retirement plan?

❑ Yes ❑ No

• SEP (simplied employee pension) or SIMPLE (savings incentive match plan for employees) plan?

❑ Yes ❑ No

If yes, do contributions need to be calculated?

❑ Yes ❑ No

• Cafeteria plan?

❑ Yes ❑ No

• Nonqualied deferred compensation plan or agreement?

❑ Yes ❑ No

• Other benet plan not described above?

❑ Yes ❑ No

Did the corporation include taxable fringe or welfare benets such as health insurance, group-term life insurance, educational

assistance, nonaccountable expense allowances, and personal use of corporate vehicles in compensation on employees’

FormsW-2 and, if applicable, subject such amounts to payroll taxes?

❑ Yes ❑ No

Is the corporation a subsidiary in an afliated group or a parent-subsidiary controlled group?

❑ Yes ❑ No

Is any shareholder in the corporation a disregarded entity, a partnership, a trust, an S corporation, or an estate?

❑ Yes ❑ No

Did any foreign or domestic corporation, partnership, trust, or tax-exempt organization own directly 20% or more, or own,

directly or indirectly, 50% or more of the total voting power of all classes of the corporation’s stock entitled to vote?

❑ Yes ❑ No

Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of

all classes of the corporation’s stock entitled to vote?

❑ Yes ❑ No

Did the corporation own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all

classes of stock entitled to vote of any foreign or domestic corporation not already included in a listing of afliated groups?

❑ Yes ❑ No

Did the corporation own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any

foreign or domestic partnership or in the benecial interest of a trust?

❑ Yes ❑ No

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of all

classes of the corporation’s stock entitled to vote or the total value of all classes of the corporation’s stock?

❑ Yes ❑ No

Did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock?

❑ Yes ❑ No

Did the corporation dispose of more than 65% of its assets in a taxable, nontaxable, or tax deferred transaction?

❑ Yes ❑ No

Did the corporation receive assets in a property-for-stock nontaxable exchange in which any of the transferred assets had a fair

market basis or fair market value of more than $1 million?

❑ Yes ❑ No

At any time during the year, did the corporation have an interest in, or signature authority over a nancial account in a foreign

country?

❑ Yes ❑ No

Was there a distribution of property or a transfer (by sale or death) of a shareholder interest during the tax year?

C Corporation Speciﬁc Questions continued

❑ Yes ❑ No

Does the corporation satisfy the following conditions?

• The corporation’s total receipts for the tax year were less than $250,000, and

• The corporation’s total assets at the end of the tax year were less than $250,000.

❑ Yes ❑ No

Did the corporation pay $600 or more of nonemployee compensation to any individual?

If yes, include a copy of Form 1099-NEC for each.

❑ Yes ❑ No

Did the corporation use any vehicles for business? If yes, include total business miles for each vehicle.

Vehicle Total Miles Vehicle Total Miles

Principal Shareholders Ownership Information (include additional sheets as necessary)

Name/ Title

Tax ID number

(SSN or EIN) Address

# Shares owned

at start of year

# Shares owned

at end of year

Dividends issued to share-

holder during the year

U.S.

citizen?

How many shareholders were there on the last day of the year?

Shareholders – Provide the following information for any shareholder of the corporation during the year

Shareholder name Wages paid

Capital contributions

from shareholder

Distributions to

shareholder

Shareholder loans

to corporation

Loans repaid by

corporation to shareholder

C Corporation Balance Sheet

Corporation assets at year end Corporation debts and equity at year end

Bank account end of year balance $ Accounts payable at year end $

Accounts receivable at end of year $ Payables less than one year $

Inventories $ Payables more than one year $

Loans to shareholders $ Loans from shareholders $

Mortgages and loans held by corporation $ Capital stock (preferred) $

Stocks, bonds, and securities $ Capital stock (common) $

Other current assets (include list) $ Retained earnings $

C Corporation Income (include all Forms 1099-K received)

Gross receipts or sales $ Dividend income (include all 1099-DIV Forms) $

Returns and allowances $ ( ) Capital gain/loss (include all 1099-B Forms) $

Gross income from rental property owned by corporation $ Other income (loss) (include a statement) $

Interest income (include all 1099-INT Forms) $ $

C Corporation Cost of Goods Sold (only for manufacturers, wholesalers, and businesses that make, buy, or sell goods)

Inventory at beginning of the year $ Inventory at the end of the year $

Purchases $ Materials and supplies used in manufacture

or sales production

Cost of labor related to sale or production of goods held

for sale

C Corporation Expenses

Advertising $ Legal and professional services $

Annual corporation fees $

Meals for business in restaurants (100% deduct.)

Bank fees and charges $ Meals – other business meals (50% deduct.) $

Charitable contributions $ Ofce supplies $

Cleaning/janitorial $ Organization costs $

Commissions and fees $ Pension & prot sharing plans – employee $

Contract labor (include Forms 1099-NEC) $ Pension & prot sharing plans – shareholder $

Employee benet programs $ Professional education and training $

*Entertainment $ Rent or lease – car, machinery, equipment $

Health care plans – employee $ Rent or lease – other business property $

Health care plans – shareholder $ Repairs and maintenance $

Insurance (other than health) $ Salaries and wages (include Forms W-2) $

Interest – business credit cards $ Taxes – payroll $

Interest – business loans/credit lines $ Taxes – property $

Interest – mortgage $ Taxes – sales $

Internet service $ Telephone $

* Entertainment is no longer deductible for taxes. Utilities $

Other Expenses – List out type and expense amount

$ $ $

Equipment Purchases – Enter the following information for depreciable assets purchased that have a useful life greater than one year

Asset Date purchased Cost Date placed in service New or used?

Equipment Sold or Disposed of During Year

Asset Date out of service Date sold Selling price/FMV Trade-in?

C Corporation Business Credits (if answered Yes for any of the below, please provide a statement with details)

❑ Yes ❑ No

Did the corporation pay expenses to make it accessible by individuals with disabilities?

❑ Yes ❑ No

Did the corporation pay any FICA on employee wages for tips above minimum wage?

❑ Yes ❑ No

Did the corporation own any residential rental buildings providing qualied low-income housing?

❑ Yes ❑ No

Did the corporation incur any research and experimental expenditures during the tax year?

❑ Yes ❑ No

Did the corporation have employer pension plan start-up costs? Total number of employees

❑ Yes ❑ No

Did the corporation pay health insurance premiums for employees? Total number of employees

All Clients –

Additional information & documents required

Estimated Tax Payments — Tax Year 2021

• Provide the business income/nancial state-

ments for the year (per books), balance sheet, div-

idends paid out, estimated tax payments (include

amounts and date paid), depreciation schedule

per books, and cash reconciliation of all business

bank accounts with ending cash balances.

• Provide copies of Form W-3, Form 940, Form 941,

Form 1096, Form 1099-NEC, Form 1099-MISC,

and any state tax ling reports.

Installment Date paid Federal Date paid State

First $ $

Second $ $

Third $ $

Fourth $ $

Amount applied from 2019? $ $

Total $ $

COVID-19 Related

❑ Yes ❑ No

Did the business receive a Paycheck Protection Program loan?

❑ Yes ❑ No

Did the business receive an Economic Injury Disaster Loan or Emergency Advance through the SBA?

❑ Yes ❑ No

Did the business delay payment of employer payroll taxes?

❑ Yes ❑ No

Did the business receive a payroll tax credit for sick leave paid to employees due to COVID-19?

❑ Yes ❑ No

Did the business receive a payroll tax credit for paid family leave paid to employees due to COVID-19?

❑ Yes ❑ No

Did the business receive a payroll tax credit for a business suspension or slowdown?

Tax Return Preparation

We will prepare the corporation’s tax return based on information provided. In the event the return is audited, you will be responsible for

verifying the items reported. It is important that you review the return carefully before signing to make sure the information is correct. Unless

otherwise stated, the services for preparation of the corporation’s return do not include auditing, review, or any other verication or assurance.

Taxpayer Responsibilities

• You agree to provide us all income and deductible expense information. If additional information is received after we begin working

on the return, you will contact us immediately to ensure the completed tax returns contain all relevant information.

• You afrm that all expenses or other deduction amounts are accurate and that you have all required supporting written records.

In some cases, we will ask to review documentation.

• You must be able to provide written records of all items included on the return if audited by either the IRS or state tax authority.

We can provide guidance concerning what evidence is acceptable.

• You must review the return carefully before signing to make sure the information is correct.

• Fees must be paid before the tax return is delivered to you or led for you. If you terminate this engagement before completion, you

agree to pay a fee for work completed. A retainer is required for preparation of late returns.

• You should keep a copy of the tax return and any related tax documents. You may be assessed a fee if you request a copy in the future.

Signatures. By signing below, you acknowledge that you have read, understand, and accept your obligations and responsibilities.

Taxpayer Title Date

The nature of our work requires us to collect certain nonpublic information. We collect nancial and personal information from applications,

worksheets, reporting statements, and other forms, as well as interviews and conversations with our clients and afliates. We may also

review banking and credit card information about our clients in the performance of receipt of payment. Under our policy, all information we

obtain about you will be provided by you or obtained with your permission.

Our rm has procedures and policies in place to protect your condential information. We restrict access to your condential information

to those within our rm who need to know in order to provide you with services. We will not disclose your personal information to a third

party without your permission, except where required by law. We maintain physical, electronic, and procedural safeguards in compliance

with federal regulations that protect your personal information from unauthorized access.

Fill Online, Printable, Fillable, Blank C Corporation Tax Organizer Use a separate organizer Form

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Fillable C Corporation Tax Organizer Use a separate organizer

Fill Online, Printable, Fillable, Blank C Corporation Tax Organizer Use a separate organizer Form

Related forms

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