LLC Partnership Tax Organizer

LLC Partnership Tax Organizer
Partnership General Information
Legal Name of Partnership
EIN
Existing Clients may skip this- we have this on file.
Partnership Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Is this a new address?

YesNo
Partnership Representative
Title
Email
Phone
Check One:

General PartnershipLimited PartnershipLimited Liability Partnership (LLP)
Principal Business Activity
Date business started

MonthDayYear
Date
Principal product or service
Date business closed

MonthDayYear
Date
Was the primary purpose of the partnership activity to realize a profit?

YesNo
Has the partnership reported any losses in prior years?

YesNo
Accounting method:

CashAccrual
Does the partnership file under a calendar year? (If no, what is the fiscal year?)

YesNo
Fiscal Year
Partnership Specific Questions
Is there a written partnership agreement? (If this is the first year of the partnership’s existence, please provide a copy of the written partnership agreement.)

YesNo
Are all partners actively participating in the business?

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

YesNo
Is the partnership a partner in another partnership?

YesNo
Did any foreign or domestic corporation, partnership, trust, tax-exempt organization, individual, or estate own directly or indirectly 50% or more of the profit, loss, or capital of the partnership?

YesNo
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?

YesNo
Did the partnership have any non-shareholder debt that was cancelled, forgiven, or had terms modified to reduce amount of principal?

YesNo
At any time during the year, did the partnership have an interest in, or signature authority over a financial account in a foreign country?

YesNo
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

YesNo
Did the partnership pay $600 or more of nonemployee compensation to any individual? If yes, include (portal) a copy of Form 1099-NEC for each.

YesNo
Principal Partners Ownership Information
Please provide the following principal partners ownership information:
- Name/Title
- 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 parter. 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
Please provide the following transaction information:
- 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 during upload.
- Provide the income/financial 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.
Signature

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Date
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LLC Partnership Tax Organizer

Partnership General Information

Partnership Specific Questions

Principal Partners Ownership Information

Partners Other Transactions

All Clients