Partnership or llc tax return organizer




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Organizer – Partnership/LLC (Short)



PARTNERSHIP OR LLC TAX RETURN ORGANIZER

FORM 1065 (SHORT VERSION)

Enclosed is an organizer that _____ provide to our tax clients to assist in gathering the information necessary to prepare the current year tax returns.


The Internal Revenue Service (IRS) matches information returns with amounts reported on income tax returns. A negligence penalty may be assessed where income is underreported. Accordingly, all Forms 1099, Schedules K-1 and other information returns reflecting amounts reported to the IRS should be submitted with this organizer.
Also enclosed is an engagement letter which explains the services _____ will provide to the partnership. Please sign a copy of the engagement letter and return it in the enclosed envelope. Keep the other copy for your records.
The filing deadline for your partnership (Form 1065) return is _______________.Your completed tax organizer needs to be received no later than _______________. Any information received after that date may require an extension of time.
If an extension of time to file is required, any tax that may be due with this return must be paid with that extension. Any taxes not paid by the filing deadline may be subject to late payment penalties and interest.
_____ look forward to providing services to you. Should you have any questions regarding any items please do not hesitate to contact ______.
PARTNERSHIP OR LLC TAX RETURN ORGANIZER

FORM 1065 – SHORT VERSION



Organization Name

_________________________________

Telephone #












Address

_________________________________

Fax #















E-mail Address

______________________________________________________________________

Tax Period

____________

Federal ID #

________________

State ID #

_________________________

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












DONE

N/A


 1.

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




______

____
















 2.

Details of partner or member ownership changes.




______

____
















 3

For each partner or member, TIN, address, percentage of ownership, profit, loss, general, or limited classification and relationship, if any, to other partners. Identify the Tax Matters Partner or Member.




______


____

















 4.

Copy of the most recent operating agreement.




______

____
















 5.

Schedule of all payments or distributions to or for partners or members including descrip­tions, amounts and the accounts to which these amounts have been posted.



______

____

















 6.

Schedule of loans to/from partners/members and related parties including interest rates and payment schedules.



______

____

















 7.

Schedule of all fringe benefits paid on behalf of partners or members and indicate which benefits have been included in their guaranteed payments.



______

____

















 8.

Detailed analysis of entries in prepaid and accrued expense accounts.




______

____
















 9.

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



______

____

















10.

Copies of Forms 1096 or 1099, 5500, 1042, 8804, 8805, 5471, 8865, 8858, and 8886 that have been filed.



______

____

















11.

Copies of Forms 1099, 1099B, 5471, 8865, 8858, 8886, and Schedules K-1 that have been received.



______

____

















12.

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




______

____
















13.

Schedule and invoice copies 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.




______


____

















14.

Copy of the inventory uniform capitalization computation.




______

____
















15.

Schedule of charitable contributions (cash and non-cash).




______

____
















16.

Details of any lobbying expenses.




______

____
















17.

List of potential non-deductible expenses, such as penalties and life insurance premiums.




______

____
















18.

Schedule of any club dues paid.




______

____
















19.

Vehicle and mileage data for passenger vehicles owned by the partnership or LLC.




______

____
















20.

Information to complete domestic activities production deduction.





______

____
















21.

List details of all entries in miscellaneous income/expense accounts.




______

____
















22.

Detail of meal and entertainment expenses.




______

____
















23.

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




______

____
















24.

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



______

____

















25.

Can the Internal Revenue Service (IRS) discuss questions about this return with the preparer?

Yes ___ No ____



























26.

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



______

____

COMMENTS OR EXPLANATIONS














 2014 AICPA, Inc.




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