Fillable Llc Tax Organizer Template printable pdf download

LLC Tax Organizer

Use a separate organizer for each LLC

LLC General Information

Legal name of LLC

EIN#

–

LLC address ❑ (check if new address)

Tax Matters Individual

Title

Phone (

)

Principal business activity

Principal product or service

❑ Yes ❑ No Was the primary purpose of the LLC activity to realize a profit?

Accounting method: ❑ Cash ❑ Accrual ❑ Other (specify)

❑ Yes ❑ No Does the LLC file under a calendar year? (If no, what is the fiscal year?)

❑ Yes ❑ No Has the LLC made the election to be taxed as a corporation?

If the LLC is an S corporation, provide a copy of Form 2553, Election by a Small Business Corporation, and the acceptance letter from the IRS.

LLC Specific Questions

❑ Yes ❑ No Does the LLC have an operating agreement? (If this is the first year of the LLC’s existence, please provide a copy of the operating

agreement and the articles of organization)

❑ Yes ❑ No Are all members actively participating in the business?

❑ Yes ❑ No Is any member in the LLC a disregarded entity, a partnership, a trust, an S corporation, or an estate?

❑ Yes ❑ No Is the LLC a partner in another partnership?

❑ Yes ❑ No Did any foreign or domestic corporation, partnership, trust, tax-exempt organization, individual, or estate own directly or

indirectly 50% or more of the profit, loss, or capital of the LLC?

❑ Yes ❑ No Did the LLC own directly 20% or more, or own directly or indirectly, 50% or more of the total voting power of all classes of

stock entitled to vote of any foreign or domestic corporation?

❑ Yes ❑ No Did the LLC have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce principal amount of debt?

❑ Yes ❑ No At any time during the year, did the LLC have an interest in, or signature authority over a financial account in a foreign country?

❑ Yes ❑ No Was there a distribution of property or a transfer (by sale or death) of an LLC interest during the tax year?

❑ Yes ❑ No Does the LLC satisfy the following conditions?

• The LLC’s total receipts for the tax year were less than $250,000.

• The LLC’s total assets at the end of the tax year were less than $1 million.

❑ Yes ❑ No Did the LLC pay $600 or more to any individual? If yes, include a copy of Form 1099-MISC for each.

Principal Members Ownership Information

Tax ID number

Ownership

Member or

U.S.

Name

(SSN or EIN)

Address

percentage

member-manager

citizen?

LLC Other Transactions

Guaranteed

Health insurance

Capital contributions

Distributions

Member loans to

Loans repaid by LLC

Member name

payments

premiums paid

from member

to member

the LLC

to member

All Clients –

New Clients –

Additional information and documents required

• Provide the income/financial statements for the year (per books), balance

Date LLC formed

sheet, depreciation schedule per books, and cash reconciliation of business

State LLC formed in

bank accounts with ending cash balance.

• Provide copies of LLC’s Articles of Organization and

• If the LLC has employees or paid independent contractors, provide a copy

Operating Agreement (if any).

of all W-2, W-3, 940, 941, 1096, 1099-MISC, and any other forms issued to

• Provide copies of depreciation schedules for book, tax, and

workers.

AMT.

• If any members live in a different state or outside the U.S., provide details.

• Provide copies of tax returns for last two years, including

The business may be subject to withholding requirements.

state returns (if applicable).

Llc Tax Organizer Template

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