Partnership Tax Organizer Use a separate organizer for each partnership
Partnership General Information
Legal name of partnership EIN –
Partnership address
Partnership Representative Title
Email Phone ( )
Check one: ❑ General Partnership ❑ Limited Partnership ❑ Limited Liability Partnership (LLP)
Principal business activity
Date business started
/ /
Principal product or service
Date business closed
/ /
❑ Yes ❑ No
Was the primary purpose of the partnership activity to realize a prot?
❑ Yes ❑ No
Has the partnership reported any losses in prior years?
Accounting method: ❑ Cash ❑ Accrual ❑ Other (specify)
❑ Yes ❑ No
Does the partnership le under a calendar year? (If no, what is the scal year?)
Partnership Specific Questions
❑ Yes ❑ No
Is there a written partnership agreement? (If this is the rst year of the partnership’s existence, please provide a copy of the written
partnership agreement.)
❑ Yes ❑ No
Are all partners actively participating in the business?
❑ Yes ❑ No
Is any partner in the partnership a disregarded entity, a partnership, a trust, an S corporation, or an estate?
❑ Yes ❑ No
Is the partnership a partner in another partnership?
❑ Yes ❑ No
Did any foreign or domestic corporation, partnership, trust, tax-exempt organization, individual, or estate own directly or
indirectly 50% or more of the prot, loss, or capital of the partnership?
❑ Yes ❑ No
Did the partnership 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?
❑ Yes ❑ No
Did the partnership have any debt that was cancelled, was forgiven, or had the terms modied so as to reduce principal amount
of debt?
❑ Yes ❑ No
At any time during the year, did the partnership 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 partnership interest during the tax year?
❑ Yes ❑ No
Does the partnership satisfy the following conditions?
• The partnership’s total receipts for the tax year were less than $250,000, and
• The partnership’s total assets at the end of the tax year were less than $1 million.
❑ Yes ❑ No
Did the partnership pay $600 or more of nonemployee compensation to any individual?
If yes, include a copy of Form 1099-NEC for each.
Principal Partners Ownership Information
Name
Tax ID number
(SSN or EIN) Address
Ownership
percentage
General or
limited partner*
U.S.
citizen?
* General partner. A general partner is a partner who is personally liable for partnership debts.
Limited partner. A limited partner’s personal liability for partnership debts is limited to the amount of money or other property contributed
or required to contribute to the partnership.
Partners Other Transactions
Partner name
Guaranteed
payments
Health insurance
premiums paid
Capital contributions
from partner
Distributions
to partner
Partner loans to
the partnership
Loans repaid by
partnership to partner
All Clients – Additional information and documents required
New Clients – Additional information and documents required
• Provide the income/nancial statements for the year (per books),
balance sheet, depreciation schedule per books, and cash reconciliation
of business bank accounts with ending cash balance.
• If the partnership has employees or paid independent contractors,
provide a copy of all Forms W-2, W-3, 940, 941, 1096, 1099-NEC,
1099-MISC, and any other forms issued to workers.
• If any partners live in a different state or outside the U.S., provide
details. The business may be subject to withholding requirements.
Date partnership formed
State partnership formed in
• Provide copies of the partnership agreement and any other
supporting organizational documents.
•
Provide copies of depreciation schedules for book, tax, and AMT
.
• Provide copies of tax returns for last two years, including state
returns (if applicable).
