Corporation tax organizer (1120, 1120S)




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CORPORATION TAX ORGANIZER (1120, 1120S)

(SHORT VERSION)
Enclosed is an organizer that I (we) provide to our tax clients to assist in gathering the information necessary to prepare the current year tax returns.
The Internal Revenue Service matches information returns with amounts reported on income tax returns. A negligence penalty may be assessed where income is unreported. Accordingly, all Forms 1099, Schedules K-1 and other information returns reflecting amounts reported to the Internal Revenue Service should be submitted with this organizer.
Also enclosed is an engagement letter which explains the services that I (we) will provide to the corporation. Please sign a copy of the engagement letter and return it in the enclosed envelope. Keep the other copy for your records.
Your corporate income tax returns are due on _______________. In order to meet this filing deadline, your completed tax organizer needs to be received no later than _______________. Any information received after this date may require an extension to be filed for this return.
If an extension of time is required, any tax that may be due must be paid with the extension. Any taxes not paid by the filing deadline may be subject to late payment penalties and interest when those taxes are actually paid.
I (we) look forward to providing services to you. Should you have any questions regarding any items, please do not hesitate to contact me (us).

CORPORATION TAX ORGANIZER (1120)

(SHORT VERSION)

Corporation Name



Tax Period



Address



Federal ID#








State ID#



Telephone:_________________

Fax#:_____________________

Email:_____________________________________

Provide a general ledger, trial balance, depreciation schedules, balance sheet and profit and loss statement, by activity. In addition, provide the following information:












DONE

N/A

 1.

Copies of correspondence with tax authorities regarding changes to prior year(s) returns.




_____

____
















 2.

Details of changes in stock ownership.




_____

____
















 3.

For each corporate officer: SSN, compensation, percentage of ownership and time devoted to business.




_____

____



















For each shareholder: their percentage of ownership and relationship, if any, to other shareholders.

























 4.

Schedule of loans to/from shareholders, officers and related parties including interest rates and payment schedules.



_____

____

















 5.

Copies of all deferred compensation plans and agreements.




_____

____
















 6.

Copies of all federal and state payroll reports filed including Forms W-2 or W-3, 940, 941.





_____

_____

7.

Did the corporation make any payments that would require it to file 1099s?

If yes, did the corporation issue 1099s?








_____

_____


 8.

Copies of Forms 1096 or 1099, 5500, 1042, 5471, 5472, 8865, 8858, and 8886 filed by the corporation.



_____

____

















 9.

Copies of Forms 1099, 1099B, 5471, 5472, 8865, 8858, 8886, and Schedules K-1 received by the corporation.



_____

____

















10.

List of all entries in prepaid, accrued, and income tax expense accounts, includ­ing dates and amounts of all federal, state and local income tax payments and refunds.



_____

____

















11.

Schedule of all interest and dividend income not included on Forms 1099.




_____

____
















12.

Schedule of assets acquired or sold during the year, including: date acquired, date sold, sales or purchase price, including any trade-in allowance. Include Form HUD-1 for real estate transactions. Provide copies of invoices, if applicable.




_____


____

















13.

Copy of the inventory uniform capitalization computation.




_____

____
















14.

Schedule of charitable contributions (cash and non cash).




_____

____
















15.

Detail of any lobbying expenses.




_____

____
















16.

List of potential non-deductible expenses, such as penalties and life insurance premiums. Provide copies of notices to employees of life insurance policies, if required.




_____

____
















17.

Schedule of any club dues paid.




_____

____
















18.

Vehicle and mileage data for company-owned passenger vehicles.




_____

____
















19.

Information to compute the domestic production activities deduction.




_____

____
















CORPORATION TAX ORGANIZER (1120)

(SHORT VERSION)










DONE

N/A

20.

List of all entries in miscellaneous income/expense accounts.




_____

____
















21.

Detail of meal and entertainment expenses.




_____

____
















22.

List each type of trade, business, or rental activity and date started or acquired.




_____

____
















23.

List of activities conducted in other states, including gross receipts, inventory, real and personal property, payroll, and rents by state.



_____

____

















24.

Can the Internal Revenue Service and state tax authority(ies) discuss questions about this return with the preparer?



_____

____

















25.

Does the Corporation have any foreign bank or financial accounts? If yes, provide details including the highest balance in each account during the year.



_____

____
















































S CORPORATION TAX ORGANIZER (1120S)

(SHORT VERSION)

Corporation Name



Tax Period



Address



Federal ID#








State ID#



Telephone: _________________

Fax: _______________________

Email:___________________________________

Provide a general ledger, trial balance, depreciation schedules, balance sheet, and profit and loss statement by activity. In addition, provide the following information:












DONE

N/A

 1.

Copies of correspondence with tax authorities regarding changes to prior year(s) returns.




_____

____
















 2.

Details of changes in stock ownership.




_____

____
















 3.

For each shareholder: TIN, compensation, percentage of ownership, relationship to other shareholders, time devoted to business, date ownership acquired and detail of distributions received.



_____

____

















 4.

Schedule of all fringe benefits paid on behalf of more than two percent shareholders (and their relatives) and indicate which benefits have been included in their Forms W-2.



_____

____

















 5.

Schedule of loans to or from shareholders, officers and related parties, including interest rates and payment schedules.



_____

____

















 6.

Copies of all deferred compensation plans and agreements.




_____

____
















 7.

Did the corporation make any payments that would require it to file 1099s?

If yes, did the corporation file all 1099s?.






_____

_____

















 8.

Copies of all federal and state payroll reports including Forms W-2 or W-3, 940, 941




_____

____
















 9.

Copies of Forms 1099 or 1096, 5500, 1042, 5471, 5472, 8865, 8858, 8886 filed by the corporation.



_____

____

















10.

Copies of Forms 1099, 1099B. 5471, 5472, 8865, 8858, 8886 and Schedules K-1 received by the corporation.



_____

____

















11.

Schedule of built-in gains.




_____

____
















12.

List of all entries in prepaid, accrued, and income tax expense accounts, including dates and amounts of all federal, state and local income tax payments and refunds.



_____

____

















13.

Schedule of all interest and dividend income, not included on Forms 1099.




_____

____
















14.

Schedule of assets acquired or sold during the year including date acquired, date sold, sales or purchase price, including any trade-in allowance. Include Form HUD-1 for real estate transactions. Provide copies of invoices, if applicable.




_____


____

















15.

Copy of the inventory uniform capitalization computation.




_____

____
















16.

Schedule of charitable contributions (cash and non cash).




_____

____















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