2023 Business Income Tax Questionnaire

Business Income Tax Questionnaire

S-Corporations, LLC Partnerships & C-Corporations
Legal Business Name*
New Business Tax Client (If yes, we require a copy of the latest filed tax return and depreciation schedules.)*

YesNo
Primary Contact Name*

First NameLast Name
Phone Number*
Please enter a valid phone number.
Email*
example@example.com
Annual Questions for Business Tax Returns
NEW for S-Corporations and Partnerships:
Did you complete the Pass-Through Entity Tax for 2023? No Yes
For more information on PTET visit https://www.tax.ny.gov/bus/ptet/
Did the company make PTET payments in 2023*

YesNo
I made the following payments by quarter:
Q1:  Type a label*
Q2:   Type a label*
Q3:   Type a label*
Q4:   Type a label*
Did the company receive any Employee Retention Tax Credit (ERTC)?*

YesNo
If yes, then we need:
1. A copy of the IRS's ERTC Letter
2. The date you filed for this credit: Date*
3. The name of the firm you used to assist you in this application: *
4. Total Amount received: $*
What accounting software do you use to maintain your books and records for the company:

QuickBooks OnlineQuickBooks DesktopExcel/Google SheetsRAC maintains the booksNoneOther
Do any of these scenarios apply to your company for the fiscal year:

Change of ownership or percentageFirst year in businessFinal year in business (closed)Change business addressChange business name
Change Detail*
Did the owner(s) take any distributions during the fiscal year?*

YesNo
Did the owner(s) lend to or invest money in the company during the fiscal year?*

YesNo
Did the company pay the premiums for life insurance policies on the owner(s) during the fiscal year?*

YesNo
Is the beneficiary of those policies

The companyAn individual
Did the business inherit or purchase any real estate during the fiscal year?*

Yes (we will need the closing documents)No
Did the company dispose of/sell any assets during the fiscal year?*

Yes (we will need a list of the assets and their estimate market share at disposal)No
Did the company pay for health insurance for any owners during the fiscal year?*

YesNo
Dollar amount of health insurance paid during the fiscal year.*
Did the company take out any new loans or other debt commitments during the fiscal year?*

Yes (we will need the loan closing documents/terms)No
Did the company have any uncollectible invoices as of the end of the fiscal year?*

YesNo
Did the company pay off any loans, credit cards or other debts during the fiscal year?*

Yes (we will need the letter received; interest income)No
COVID-19 Questions

Did you receive any COVID assistance funds through this business entity in 2022:
PPP Loan Amount Received
EIDL Grant
EIDL Grant Amount Received
EIDL Loan
EIDL Loan Amount Received
SBA Loan Assistance
SBA Loan Assistance Amount Received
ERTC Amount Received
Any other COVID Assistance Funds
Other COVID Assistance Amount Received
Bank Account Information for NYS Corporate Tax Payment

(Only payable via bank account ACH)
Bank Account Information*

Use same bank account as last yearUse the following bank account:
Bank account used last year ends in:*
Name on Bank Account:*
Routing Number:*
Account Number:*
Account Type:*

CheckingSavings
Questions/Comments/Notes:
Please verify that you are human*
Should be Empty:

Business Income Tax Questionnaire

Annual Questions for Business Tax Returns

COVID-19 Questions

Bank Account Information for NYS Corporate Tax Payment