To give us a better understanding of what happened during the tax year, please check all that apply to you:I took distributions of equity from my company during the year. I invested or lent money to my business during the tax year. The business purchased (or financed) fixed assets during the year (including real estate, equipment, furniture, improvements, etc.) If yes, please provide the details of the purchase, including purchase agreements and closing statements. The business paid for life insurance premiums that relate to a policy where the beneficiary is one or more of the owners. Please provide more information below. The business paid the health insurance premiums for one or more of the owners. Please provide more information below. The business obtained one or more new loans, credit cards, or other debt obligations during the year. Please provide more information below. The business paid off one or more loans or other debt obligations during the year. Please provide more information below. For accrual basis: The business had certain outstanding Accounts Receivable invoices that were determined to be uncollectible as of 12/31. Please provide more information below. My business borrowed or lent money to another entity/affiliate that I have ownership in.
Please review and agree to the following:
Please include all applicable items listed below when you submit your documents:If this is the first year RAC is preparing your business tax return, please upload copies of your corporate formation documentation (EIN letter, Articles of Incorporation, Bylaws/Partnership Agreement, S-Corporation election letters, etc.)Financial statements, business income and expenses, and/or a trial balance for the tax year Payroll Documents for the Year All bank account statements showing the balance as of December 31st (or the last day of the business tax year)All credit card account statements that overlap with December 31st (or the last day of the business tax year)All loan account statements show the balance as of December 31st (or the last day of the business tax year)Details of all assets purchased or sold during the tax year (invoice, purchase agreement or closing statement)Inventory value as of the last day of the tax year at cost basis Sales Report from your merchant provider or POS system for the entire tax year (if applicable)Details on any ownership changes that took place throughout the year (i.e. changes in ownership percentage or personnel)