S Corporation Tax Organizer

S Corporation Tax Organizer

Existing clients may skip the
S Corporation General Information
Legal Name of S corporation
EIN
Existing clients may skip this - we have this information on file
S corporation address
Existing clients may skip this - only enter if it's a new address
Is this a new address?

Yes No
Title
Email
Phone
Did the corporation have a change of business name or address during the year?

Yes No
Principal business activity
Date business started

Month Day Year
Existing clients may skip this - we have this information on file
Principal product or service
Existing clients may skip this - we have this information on file
Date business closed

Month Day Year
Existing clients may skip this - we have this information on file
Was the primary purpose of the S corporation’s activity to realize a profit?

Yes No
Accounting method:

Cash Accrual Other (specify)
Other
Does the corporation file under a calendar year? (If no, what is the fiscal year?)

Yes No
Fiscal year
S Corporation Specific Questions
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 andoutstanding 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 theprofit, loss, or capital in any foreign or domestic partnership or in the beneficial 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 modified to reduce amount ofprincipal?

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 financial account in a foreigncountry?

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.

Yes No
Principal Shareholders Ownership Information
Please provide the following 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/Office name
- Wages paid
- Health insurance premiums paid
- Captial contribuations from shareholders
- Distributions to shareholders
- Shareholder loans to corporation
- Loans repaid by corporation to shareholder
All Clients

Additional information and documents required
- Provide the business income/financial 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 filing 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.
New Clients

Additional information and documents required
Date incorporated

Month Day Year
Date
State of incorporation
Date of S corporation election

Month Day Year
Date
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.
Car Expenses

Use a separate form for each vehicle
Make/Model
Date car placed in service

Month Day Year
Date
Car available for personal use during off-duty hours?

Yes No
Do you (or your spouse) have any other cars for personal use?

Yes No
Did you trade in your car this year?

Yes No
Do you have evidence?

Yes No
Is your evidence written?

Yes No
Cost of trade-in
Trade-in value
Mileage
- Beginning of the year odometer
- End of year odometer
- Business mileage
- Commuting mileage
- Other mileage
Actual Expenses
- Gas/oil
- Insurance
- Parking fees/tolls
- Registration/Fees
- Repairs
Generally, you can use either the standard mileage rate or actual expenses to figure the deductible costs of operating your car for business purposes. However, to use the standard mileage rate, it must be used in the first 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
Provide 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
Provide the following information:
- 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
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 qualified 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?

Yes No
Total number of employees
Did the corporation pay health insurance premiums for employees?

Yes No
Total number of employees
Covid-19 Related
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?

Yes No
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 verification 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 affirm 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 filed 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.
Signature

Clear
Date

Month Day Year
Date
Privacy Policy
The nature of our work requires us to collect certain nonpublic information. We collect financial and personal information from applications, worksheets, reporting statements, and other forms, as well as interviews and conversations with our clients and affiliates. 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 firm has procedures and policies in place to protect your confidential information. We restrict access to your confidential information to those within our firm 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.
Should be Empty:

S Corporation Tax Organizer

S Corporation General Information

S Corporation Specific Questions

Principal Shareholders Ownership Information

Shareholders

All Clients

New Clients

Car Expenses

Equipment Purchases

Equipment Sold or Disposed of During Year

S Corporation Business Credits

Covid-19 Related

Tax Return Preparation

Taxpayer Responsibilities

Privacy Policy