C Corporation Tax Organizer

C Corporation General Information

Legal name of C corporation *

C corporation address *

State of incorporation *

Corp. state residence *

Corporation Representative *

Title of the Representative *

Did the corporation have a change of business name during the year? *

Yes

Principal business activity *

Principal product or service *

Was the primary purpose of the corporation’s activity to realize a profit? *

Yes

Is the corporation a Personal Service Corporation (PSC)? *

Yes

Accounting method: *

Cash

Accrual

Other (Specify Below)

Other Accounting Method:

Does the corporation file under a calendar year? (If no, what is the fiscal year? Add Below) *

Yes

If no, what is the fiscal year?

Total assets of the corporation at the end of the tax year. If there are no assets at the end of the tax year, enter 0. *

• Provide a copy of the Articles of Incorporation, Bylaws, corporate resolutions, and shareholder buy-sell agreements.

• Provide a copy of the depreciation schedules for book and tax, and copies of tax returns for last three years, including state returns.

Articles of Incorporation, Bylaws, corporate resolutions, and shareholder buy-sell agreements

Depreciation schedules for book and tax, and copies of tax returns for last three years, including state returns

C Corporation Specific Questions

Has the corporation been notified of any changes to previous returns by any taxing authority? If yes, provide copies of all correspondence. *

Yes

Provide a schedule of ownership changes during the year, including dates and number of shares or percentage of ownership. *

Yes

Have there been any changes to the shareholder’s buy-sell agreements? If yes, provide a copy. *

Yes

Did the corporation hold an annual meeting with shareholders with a record of minutes maintained? *

Yes

Has the corporation updated its minute book for the year? If yes, provide a copy. *

Yes

Did the corporation purchase or sell a business or business segment during the year? If yes, provide a copy of the contract or agreement. *

Yes

Did the corporation engage in any new activities during the year? If yes, describe the new business on an attached sheet. *

Yes

Did the corporation discontinue operations this year? If yes, provide details (below). *

Yes

If yes, provide details.

Does the corporation have any of the following employee benefit plans? If yes provide copies of plan documents (below). *

Yes

If yes, provide copies of plan documents

Qualified retirement plan? *

Yes

SEP (simplified employee pension) or SIMPLE (savings incentive match plan for employees) plan? *

Yes

If yes, do contributions need to be calculated? *

Yes

Cafeteria plan? *

Yes

Nonqualified deferred compensation plan or agreement? *

Yes

Other benefit plan not described above? *

Yes

Did the corporation include taxable fringe or welfare benefits such as health insurance, group-term life insurance, educational assistance, nonaccountable expense allowances, and personal use of corporate vehicles in compensation on employees’ Forms W-2 and, if applicable, subject such amounts to payroll taxes? *

Yes

Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? *

Yes

Is any shareholder in the corporation a disregarded entity, a partnership, a trust, an S corporation, or an estate? *

Yes

Did any foreign or domestic corporation, partnership, trust, or tax-exempt organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation’s stock entitled to vote? *

Yes

Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation’s stock entitled to vote? *

Yes

Did the corporation 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 not already included in a listing of affiliated groups? *

Yes

Did the corporation own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership or in the beneficial interest of a trust? *

Yes

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of all classes of the corporation’s stock entitled to vote or the total value of all classes of the corporation’s stock? *

Yes

Did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock? *

Yes

Did the corporation dispose of more than 65% of its assets in a taxable, nontaxable, or tax deferred transaction? *

Yes

Did the corporation receive assets in a property-for-stock nontaxable exchange in which any of the transferred assets had a fair market basis or fair market value of more than $1 million? *

Yes

At any time during the year, did the corporation have an interest in, or signature authority over a financial account in a foreign country? *

Yes

Was there a distribution of property or a transfer (by sale or death) of a shareholder interest during the tax year? *

Yes

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

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

Copy of Form 1099-NEC for each

Did the corporation use any vehicles for business? If yes, include total business miles for each vehicle *

Yes

Vehicle and Total Miles

Vehicle
Total Miles
Vehicle
Total Miles

Principal Shareholders Ownership Information (include additional sheets as necessary)

1. Principal Shareholders Ownership Information *

Name/ Title
Tax ID number (SSN or EIN)
Address
# Shares owned at start of year
# Shares owned at end of year
Dividends issued to share holder during the year
U.S. citizen?

2. Principal Shareholders Ownership Information

Name/ Title
Tax ID number (SSN or EIN)
Address
# Shares owned at start of year
# Shares owned at end of year
Dividends issued to share holder during the year
U.S. citizen?

How many shareholders were there on the last day of the year? *

Shareholders – Provide the following information for any shareholder of the corporation during the year

1. Provide the following information for any shareholder of the corporation during the year

Shareholder name
Wages paid
Capital contributions from shareholder
Distributions to shareholder
Shareholder loans to corporation
Loans repaid by corporation to shareholder

2. Provide the following information for any shareholder of the corporation during the year

Shareholder name
Wages paid
Capital contributions from shareholder
Distributions to shareholder
Shareholder loans to corporation
Loans repaid by corporation to shareholder

C Corporation Balance Sheet

Corporation assets at year end

Bank account end of year balance
Accounts receivable at end of year
Inventories
Loans to shareholders
Mortgages and loans held by corporation
Stocks, bonds, and securities
Other current assets (include list)

Corporation debts and equity at year end

Accounts payable at year end
Payables less than one year
Payables more than one year
Loans from shareholders
Capital stock (preferred)
Capital stock (common)
Retained earnings

C Corporation Income (include all Forms 1099-K received)

C Corporation Income

Gross receipts or sales

Returns and allowances

Gross income from rental property owned by corporation

Interest income (include all 1099-INT Forms)

Dividend income (include all 1099-DIV Forms)

Capital gain/loss (include all 1099-B Forms)

Other income (loss) (include a statement)

C Corporation Cost of Goods Sold (only for manufacturers, wholesalers, and businesses that make, buy, or sell goods)

C Corporation Cost of Goods Sold

Inventory at beginning of the year
Purchases
Cost of labor related to sale or production of goods held for sale
Inventory at the end of the year
Materials and supplies used in manufacture or sales production

C Corporation Expenses

C Corporation Expenses

Advertising
Annual corporation fees
Bank fees and charges
Charitable contributions
Cleaning/janitorial
Commissions and fees
Contract labor (include Forms 1099-NEC)
Employee benefit programs
*Entertainment
Health care plans – employee
Health care plans – shareholder
Insurance (other than health)
Interest – business credit cards
Interest – business loans/credit lines
Interest – mortgage
Internet service
Legal and professional services
Meals for business in restaurants (100% deduct.)
Meals – other business meals (50% deduct.)Meals – other business meals (50% deduct.)
Office supplies
Organization costs
Pension & profit sharing plans – employee
Pension & profit sharing plans – shareholder
Professional education and training
Rent or lease – car, machinery, equipment
Rent or lease – other business property
Repairs and maintenance
Salaries and wages (include Forms W-2)
Taxes – payroll
Taxes – property
Taxes – sales
Telephone
Utilities

Other Expenses – List out type and expense amount *

Equipment Purchases – Enter the following information for depreciable assets purchased that have a useful life greater than one year

Equipment Purchases *

Asset
Date purchased
Cost
Date placed in service
New or used?

Equipment Sold or Disposed of During Year

Equipment Sold *

Asset
Date out of service
Date sold
Selling price/FMV
Trade-in?

C Corporation Business Credits (if answered Yes for any of the below, please provide a statement with details below)

Did the corporation pay expenses to make it accessible by individuals with disabilities? *

Yes

Did the corporation pay any FICA on employee wages for tips above minimum wage? *

Yes

Did the corporation own any residential rental buildings providing qualified low-income housing? *

Yes

Did the corporation incur any research and experimental expenditures during the tax year? *

Yes

Did the corporation have employer pension plan start-up costs? *

Yes

Did the corporation pay health insurance premiums for employees?

Yes

Total number of employees

Employees

All Clients – Additional information & documents required

• Provide the business income/financial statements for the year (per books), balance sheet, dividends paid out, estimated tax payments (include amounts and date paid), depreciation schedule per books, and cash reconciliation of all business bank accounts with ending cash balances.

• Provide copies of Form W-3, Form 940, Form 941, Form 1096, Form 1099-NEC, Form 1099-MISC, and any state tax filing reports

Estimated Tax Payments — Tax Year 2024

First Installment

Date paid
Federal
Date paid
State

Second Installment

Date paid
Federal
Date Paid
State

Third Installment

Date Paid
Federal
Date Paid
State

Fourth Installment

Date Paid
Federal
Date Paid
State

Amount applied from 2023?

Date Paid
Federal
Date Paid
State

Total of all

First Installment
Second Installment
Third Installment
Fourth Installment
Amount Applied from 2020

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.

Taxpayer's Full name *

Taxpayer Signature *

Clear

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.

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