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

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

S Corporation General Information

Legal name of S corporation EIN –

S corporation address ❑ (check if new address)

S Corporation Representative Title

Email Phone ( )

❑ Yes ❑ No

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

Principal business activity

Date business started

/ /

Principal product or service

Date business closed

/ /

❑ Yes ❑ No

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

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

❑ Yes ❑ No

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

S Corporation Speciﬁc Questions

❑ Yes ❑ No

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

❑ Yes ❑ No

Was the corporation a C corporation before it elected to be an S corporation?

❑ Yes ❑ No

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

❑ Yes ❑ No

Did the corporation own directly 20% or more, or own, directly or indirectly, 50% or more of the total stock issued and

outstanding of any foreign or domestic corporation?

❑ 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 the

prot, loss, or capital in any foreign or domestic partnership or in the benecial interest of a trust?

❑ Yes ❑ No

Did the corporation have any outstanding shares of restricted stock at the end of the tax year?

❑ Yes ❑ No

Did the corporation have any outstanding stock options, warrants, or similar instruments at the end of the tax year?

❑ Yes ❑ No

Did the corporation have any non-shareholder debt that was cancelled, forgiven, or had terms modied to reduce amount of

principal?

❑ Yes ❑ No

Was the corporation’s S election terminated or revoked during the year?

❑ 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?

❑ 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.

Principal Shareholders Ownership Information

Name/ Title

Tax ID number

(SSN or EIN) Address

Ownership

percentage

Shareholder

stock basis

U.S.

citizen?

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

Shareholders – Provide the following information for any shareholder who was an ofﬁcer or 2% or more owner of the corporation during the year

Shareholder/Ofcer name Wages paid

Health insurance

premiums paid

Capital contributions

from shareholder

Distributions

to shareholder

Shareholder loans

to corporation

Loans repaid by corporation

to shareholder

All Clients – Additional information and documents required New Clients – Additional information and documents required

• Provide the business income/nancial statements for the year (per

books), balance sheet, depreciation schedule per books, and cash

reconciliation of all business bank accounts with ending cash balances.

• If the S corporation has employees, provide a copy of Form W-3,

Form940, Form 941, and any state quarterly tax ling reports.

• If the S corporation made payments of $600 or more to independent

contractors, provide copies of Form 1099-NEC issued.

• If any shareholders live in a different state or outside the United

States, provide details. The corporation may be subject to withholding

requirements.

Date incorporated

State of incorporation

Date of S corporation election

Corporation state residence

• Provide a copy of the Articles of Incorporation, bylaws, and any

corporate resolutions.

• Provide a copy of the depreciation schedules for book, tax, and AMT.

•

Provide copies of returns for the last two years, including state returns.

Enclose a copy of IRS Form 2553, Election by a Small Business Corporation,

and IRS acceptance.

0.00%

S 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 $ Mortgages, notes payable $

Mortgages and loans held by corporation $ Loans from shareholders $

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

Other current assets (include list) $ Retained earnings $

S 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) $

Interest income (include all 1099-INT Forms) $ Other income (loss) (include a statement) $

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

Inventory at beginning of the year $ Materials and supplies $

Purchases $ Inventory at the end of the year $

Cost of labor $

S Corporation Expenses

Advertising $ Meals for business in restaurants (100% deduct.) $

Annual corporation fees $ Meals – other business meals (50% deduct.) $

Bad debts $ Ofce supplies $

Bank charges $ Organization costs $

Business licenses $ Pension and prot sharing plans – employee $

Cleaning/janitorial $ Pension and prot sharing plans – shareholder $

Commissions and fees $ Professional education and training $

Compensation of ofcers $ Rent or lease – car, machinery, equipment $

Contract labor (include Forms 1099-MISC) $ Rent or lease – other business property $

Employee benet programs $ Rent paid $

*Entertainment $ Repairs and maintenance $

Health care plans – employee $ Salaries and wages (include Forms W-2) $

Health care plans – shareholder $ Taxes – payroll $

Insurance (other than health insurance) $ Taxes – property $

Interest – business credit cards $ Taxes – sales $

Interest – business loans/credit lines $ Telephone $

Interest – mortgage $ Utilities $

Internet service $ Other expense $

Legal and professional services $ Other expense $

* Entertainment is no longer deductible for taxes.

Car Expenses (use a separate form for each vehicle)

Make/Model Date car placed in service / /

❑ Yes ❑ No

Car available for personal use during off-duty hours?

❑ Yes ❑ No

Do you (or your spouse) have any other cars for personal use?

Did you trade in your car this year? ❑ Yes ❑ No

❑ Yes ❑ No

Do you have evidence? Cost of trade-in

Trade-in value

$❑ Yes ❑ No

Is your evidence written?

Mileage Actual Expenses

Beginning of year odometer Gas/oil $

End of year odometer Insurance $

Business mileage Parking fees/tolls $

Commuting mileage Registration/fees $

Other mileage Repairs $

Generally, you can use either the standard mileage rate or actual expenses to calculate the deductible costs of operating your car for business

purposes. However, to use the standard mileage rate, it must be used in the rst year the car is available for business. In later years, you can

then choose between either the standard mileage rate method or actual expenses.

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?

S 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

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 S Corporation Tax Organizer Use a separate organizer Form

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Fillable S Corporation Tax Organizer Use a separate organizer

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

Related forms

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