• 2022 Business Questionnaire

  • Note: This questionnaire is intended to be completed for a business that files a separate tax return such as form 1120S or 1065, not for a sole proprietor. If your business activity is filed on a schedule on your personal income tax return, please complete the business tab of the individual questionnaire, rather than this business questionnaire.

     It is extremely important that you thoroughly complete this questionnaire and return it to us as it is designed to identify potential tax savings and to create a complete and accurate tax return.

    Please note the IRS has new requirements related to reporting foreign activities, which may require preparing and filing two additional forms for this tax return, even if your business did not have foreign activity in 2022. Due to the complexity of these new forms, we expect the preparation time for most business tax returns to be higher this year. The tax preparer will communicate with you about these forms during tax preparation.

    SUBMIT YOUR SUPPORTING DOCUMENTS IN ONE OF THE FOLLOWING WAYS:

    • Digitally: Upload your information electronically through our secure Client Dropbox. You can find the link to the Client dropbox at http://WychTax.com
    • Fax: our fax number is 970.223.6509
    • Mail/Drop off at: 1044 West Drake Road, Suite 201, Fort Collins, CO 80526
      • We have a drop box upstairs by our office doors 
      • The dropbox is available 8am-5pm Monday-Thursday

  • SUPPORTING DOCUMENTS NEEDED FOR US TO BEGIN WORKING ON YOUR RETURN:

    • Accountant's Copy of your QuickBooks file with a 1/1/23 dividing date (or first day of your new fiscal year) with bank, credit card, and loan accounts reconciled
    • If your records are in a different accounting software, please provide a two-year comparative Balance Sheet and two-year comparative Profit & Loss Statement
    • If you do not use an accounting software program, please provide a summary of all 2022 business transactions (Excel format preferred)
    • Year-end statements for any business loans
    • Completed questionnaire
    • Completed engagement letter

  • Contact Information

    (Please complete even if you have provided us the same information in the past)

  • FINAL TAX RETURN

    Your final tax return will be available for download immediately once the return has been signed and approved using our secure online signing system, or you ask us otherwise.

  • Please click on the arrow below to provide new client information, if not already provided to us. If you have comments regarding any of the items below, please leave them in the comment section at the bottom of this page.

    • NEW CLIENT 

    • Also please provide the following documents as soon as possible, if you have not already provided them to us:

      • Prior year tax return (Federal and State)
      • Prior year depreciation schedules if applicable (you may need to contact your previous tax preparer)
      • Articles of incorporation/organization, by laws, and/or operating agreement
      • Copy of IRS letter confirming your business ID number and entity type
      • IRS acceptance letter for S-Corporation status, if applicable 

  • If you have comments regarding any of the items below, please leave them in the comment section at the bottom of this page.

  • If you have comments regarding any of the items below, please leave them in the comment section at the bottom of this page.

  • 2.3.1  If yes, please provide copies of the 2020 and/or 2021 quarterly Forms 941 reflecting the employee retention payroll tax credit.

  • If yes, click on the arrow below to provide information regarding your purchase of business real property. If you have comments on any item, please leave them in the comment section at the bottom of the page.

    • Purchase of Rental or Business Real Property 

    • Please provide copies of the purchase closing statement of any real property purchased in 2022. Also, provide copies of any refinancing settlement statements if you refinanced the property after purchase.

       

      NOTE: There are certain items included in a real property purchase that can be depreciated over a shorter period of time than the building. Although this step is OPTIONAL, by identifying the value at purchase of these items we can maximize the current year tax deductions for your property.

    • Property #1 

    • Please provide the value at purchase of the following items included in the original purchase of the real property purchased:

    • Property #2 

    • Please provide the value at purchase of the following items included in the original purchase of the real property purchased:

    • Property #3 

    • Please provide the value at purchase of the following items included in the original purchase of the real property purchased:

  • If yes, click on the arrow below to provide information regarding your rental property during the year. If you have already provided income/expense records for the properties, or have provided a set of books with these details, please DO NOT complete this addendum.

    Also please include any 1099s & 1098s received and any settlement statements for purchases/refinances/sales that occurred in 2022. 

    If you have comments on any item, please leave them in the comment section at the bottom of the page.

    • Rental Property  
    • Property #1 
    • Property #2 
    • Property #3 

  • If yes, click on the arrow below to provide information regarding your business vehicle. If you have comments on any item, please leave them in the comment section at the bottom of the page.

    • Business Vehicle Information: 

    • The IRS is enforcing more stringently their requirements for detailed mileage records that support business use of vehicles. It is the responsibility of the business owner to have these records available upon the request of the IRS. While we do not require that you provide us with these detailed records, it is imperative that you have them. If you use unsubstantiated estimates, you run the risk of the deduction being disallowed. Please summarize your actual business vehicle use below:

    • Vehicle #1 
    •  - -
      Pick a Date

    • The IRS increased the standard mileage rate for the last six months of 2022, so if the vehicle is deducted using the standard mileage rate, business miles need to be split out for January-June and July-December.

    • Vehicle #2 
    •  - -
      Pick a Date

    • The IRS increased the standard mileage rate for the last six months of 2022, so if the vehicle is deducted using the standard mileage rate, business miles need to be split out for January-June and July-December.

    • Vehicle #3 
    •  - -
      Pick a Date

    • The IRS increased the standard mileage rate for the last six months of 2022, so if the vehicle is deducted using the standard mileage rate, business miles need to be split out for January-June and July-December.

  • If yes, click on the arrow below to provide information regarding your home office. If you have comments on any item, please leave them in the comment section at the bottom of the page.

    • Home Office  

    • If the business owner has a qualified home office, please complete the following (include the total amount of each expense; we will calculate the home office portion). If you do not know what qualifies, please ask us.

    • If you would prefer to use the IRS standard home office deduction of $5/square foot (maximum of $1,500), please indicate below and do not complete the remainder of this addendum. If you file an S-Corporation return, you cannot use this standard home office deduction, so make sure to select no below.

    • Home Office Details: 

  • When you are confident that you have completed this form in its entirety, click the submit button.

    A copy of this 2022 business questionnaire should be emailed to you from Jotform. If you do not receive a copy, please let us know and we can email a copy to you. Be sure to check your spam or junk folders.
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