S Corporation-Short Form Tax Organizer Page 2
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4)
Copy of Form 3115 if there has been a change in accounting method.
5)
Copy of Form 1128 if there has been a change in tax year.
6)
Copy of Form 970 if the LIFO method was adopted or terminated.
7)
Copy of Form 8832 if a check-the-box election was filed.
FINANCIAL INFORMATION
Please provide the following information:
Done
N/A
1)
General ledger.
2)
Detailed trial balance with account numbers.
3)
Balance sheet and income statement.
4)
Audited financial statements, if available.
5)
Support for tax credits to be claimed.
6)
Schedule of federal estimated taxes paid.
INCOME AND DEDUCTIONS
Please provide the following for the tax year.
Done
N/A
1)
Form W-2s or 1099s filed.
2)
Form 1099s or Schedule K-1s received.
3)
Schedule of LIFO and/or UNICAP calculations.
4)
Depreciation schedules for book, tax, AMT, and ACE purposes, including a rollforward
of additions and disposals and a calculation of current-year expense.
5)
For property acquired: description of property, date of acquisition, purchase price, and
trade-in allowances.
6)
For property disposed of: description of property; calculation of book, tax, AMT, and
ACE gain (loss); date of acquisition and disposition; cost and sales proceeds;
accumulated depreciation; and trade-in allowance.
7)
For domestic production activities deduction: domestic production gross receipts,
qualified production activities income, and qualified W-2 wages, including K-1
amounts.
8)
Foreign income, expenses, and foreign taxes paid.
9)
Fringe benefits provided or paid to partners or more than 2% S corporation
shareholders, including amounts treated as guaranteed payments or wages.
10)
Charitable contributions using the following format:
Description and
Appraisal
Substantiation
Donee
Cash
FMV of Property
Attached?
Attached?
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