LAS-F1120-Corporation

Tax Return Organizer

"*" indicates required fields

Please read the instructions on the next page and complete Form-1120 - Corporation Income Tax Return Organizer.

Instructions - Please Read!

Dear Client,

Per our conversation, please complete the Online Tax Organizer we designed to help you gather the information required to prepare your Corporation Income Tax Return. Please answer all of the questions and provide all information and documents requested in this form, so we may begin preparing your tax return and get you all of the deductions and credits that you deserve. All information you provide is strictly confidential, and we shall not disclose any of your personal information without your specific consent.

IMPORTANT: Estimated average time needed to complete this form is 45 minutes. Please complete this form in one session. You also can save the partially completed form and continue later by clicking the “Save and Continue Later” button at the bottom of the form and following the prompts.

The Internal Revenue Service (IRS) matches information returns/forms with amounts reported on tax returns. A negligence penalty may be assessed when income is underreported. Accordingly, all Forms 1099, Schedules K-1 and other information returns reflecting amounts reported to the IRS are also mailed or delivered to taxpayers in an envelope clearly marked “IMPORTANT TAX DOCUMENTS ENCLOSED” and should be submitted with this organizer.

You can securely upload the above tax documents and any additional documentation not mentioned in this form to your, linked here, LFG ACCOUNTING CLIENT PORTAL ACCOUNT

Please Note: Generally, we ask clients to provide all information in one session. However, if you do not have one or more of the requested documents or information on hand, you can skip that specific question(s) and complete / submit the information you currently have. We will follow up with you regarding any missing documents and information afterward. Please use the explanation field in the applicable questions.

The annual filing deadline for your income tax return is generally March 15. Your completed tax organizer needs to be received no later than February 28, or 7 business days after the you've signed the engagement letter and were asked by us to fill out the tax organizer, whichever is sooner. Any information received after that date may require an extension to be filed for this return.

If an extension of time is required, any tax due must be paid with that extension. Any taxes not paid by the filing deadline may be subject to late-payment penalties and interest. If you don’t pay a reasonable estimate of your tax liability, your extension may be deemed invalid, subjecting you to late-filing penalties.

We look forward to providing services to you. Should you have questions regarding any items, please do not hesitate to contact:

Serge Louis, EA

Email: sergelouis@lfgaccounting.com

Phone: 954-451-1182 Ext. 930

In particular, if you are uncertain of the appropriate response for any of the requested items, please consult the contact above.

Sincerely,

LFG Accounting Services, LLC

PLEASE SELECT THE TAX YEAR YOU'RE COMPLETING THIS ORGANIZER FOR:
One Organizer Submission Per Each Tax Year**

Section 1: Certification and Basic Information:
The undersigned certifies, to the best of his or her knowledge, that the information documented in and provided with this organizer is complete and accurate.
Certified by (representative)*

Representative: Title*

Representative's Signature*
Organization name
Tax period
Federal ID no.
State ID no.

Principal Business Street Address*
Street Address City State ZIP Code

Business Representative's Email*

Business Phone*
Business Fax
Please upload the annual accounting statements and reports listed below to your, linked here, LFG ACCOUNTING CLIENT PORTAL Please confirm upload or, if you don't have or can't upload the requested document(s), please provide clarification below.
General Ledger*
Uploaded to portal
Not uploaded (please clarify)
General Ledger- Not Uploaded (please clarify)

Trial Balance*
Uploaded to portal
Not uploaded (please clarify)
Trial Balance- Not Uploaded (please clarify)

Asset Depreciation Schedule*
Uploaded to portal
Not uploaded (please clarify)
Asset Depreciation Schedule- Not Uploaded (please clarify)

Balance Sheet and Profit & Loss Statement by activity.*
Uploaded to portal
Not uploaded (please clarify)
Balance Sheet and Profit & Loss Statement by activity- Not Uploaded (please clarify)

Section 2: General Information:
Did LFG Accounting prepare your prior year corporation tax returns?*

Yes

No
Please answer the following questions and submit explanation details for any question answered “Yes” or upload any additional relevant files to your, linked here, LFG ACCOUNTING CLIENT PORTAL
Has the corporation been notified of any changes to previous returns by any taxing authority? If yes, provide copies of all correspondence.*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

Provide/upload a schedule of ownership changes during the year, including dates and number of shares or percentage of ownership.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

Did the corporation make payment(s) to foreign person(s) that would require it to file Form 1042 and 1042-S?*
Yes
No / Not Applicable
Check to add explanation

Check to add explanation

105 - Have there been any changes to the shareholders’ buy or sell agreement(s)? If yes, provide/upload a copy(ies).*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

106 - Has the corporation updated its minute book for the year? If yes, provide/upload a copy.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

107 - Describe the principal business activity of the corporation:*

107.1 - Did the corporation purchase or sell a business or business segment during the year? If yes, provide/uplaod a copy of the contract or agreement.*
Yes/Uploaded
No / Not Applicable
Check to add explanation

Check to add explanation

107.2 - Did the corporation engage in any new activities during the year? If yes, please add explanation or upload description of the new business.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

107.3 - Did the corporation discontinue operations this year? If yes, provide/upload details.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

108 - Does the corporation have qualified retirement plan(s)? If yes, upload copies of the plan documents, as well as number of plans and contribution amounts records.*
Yes
No / Not Applicable
Check to add explanation
NOTE: If yes, please be advised that you may be required to file Form 5500.
Check to add explanation

108.1 - Does the Corporation have Simplified Employee Pension (SEP) or Savings Incentive Match Plan (SIMPLE)? If yes, upload copies of the plan documents.*
Yes
No
NOTE: If yes, please be advised that you may be required to file Form 5500.
108.2 - Does the Corporation have a Cafeteria plan? If yes, upload copies of the plan documents.*
Yes
No / Not Applicable
Check to add explanation
NOTE: If yes, please be advised that you may be required to file Form 5500.
Check to add explanation

108.3 - Does the Corporation have non-qualified deferred compensation plan(s) or agreement(s)? If yes, upload copies of the plan documents.*
Yes
No / Not Applicable
Check to add explanation
NOTE: If yes, please be advised that you may be required to file Form 5500.
Check to add explanation

108.4 - Are there other benefit plans not described above? If so, provide details.*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

109 - Did the corporation include taxable fringe/welfare benefits such as health insurance, group life insurance, educational assistance, non-accountable expense allowances, and personal use of company vehicles in compensation on employees’ Forms W-2 and, if applicable, subject such amounts to payroll taxes?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

110 - At year end, did the corporation own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? If yes, provide a copy of that corporation’s current tax return and indicate the percentage owned below.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

111 - At year end, did any corporation, individual, partnership, trust or estate own, directly or indirectly, 50% or more of the corporation’s voting stock? If yes, provide/upload the following information for all owners: Name, Address, Tax ID No., Ownership %, Citizenship.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

112 - Do the shareholders owning 80% or more of this corporation own 80% or more of any other corporation(s)? If yes, provide/upload a copy of the other corporate tax returns.*
Yes/Upload
No / Not Applicable
Check to add explanation
Check to add explanation

113 - Is this corporation a shareholder of any foreign corporation? If yes, identify each corporation.*
Yes/Upload
No / Not Applicable
Check to add explanation
Check to add explanation

114 - Is this corporation a partner in any foreign partnership? If yes, identify each partnership.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

115 - Did this corporation own a disregarded entity for tax purposes at any time during the year? If yes, provide/upload details.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

116 - Did the corporation, at any time during the tax year, have an interest in, or signature authority over, a foreign bank or securities account?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

117 - Does an individual own (directly, indirectly or constructively) at least 80% of the voting stock of the corporation and does the corporation have at least 50% of its assets produce or held for the production of passive income?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

118 - Was the corporation the grantor of, or transferor to, a foreign trust during the tax year? If yes, provide details.*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

119 - During this taxable year, did the corporation pay dividends? If yes, upload a schedule reflecting date declared, date paid, amount and form of payment (cash, other).*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

120 - Did one foreign person, at any time during the tax year, own directly or indirectly, 25% or more of the total voting power or value of all classes of stock of the corporation? If yes, indicate %owned and owner's country.*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

121 - Provide/upload copies of all federal and state payroll tax reports, including Forms W-2/W-3, 940 and 941.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

122 - Did the corporation make any payments that would require it to file a Form 1099? If yes, did the corporation file all Forms 1099?*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

123 - Provide/upload copies of Forms 1099/1096, 5500, 1042, 5471, 5472, 8865, 8858, 8886 and FBAR (FinCEN Report 114) filed by the corporation.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

124 - Provide/upload copies of Forms 1099, 1099B, 5471, 5472, 8865, 8858, 8886 and Schedules K-1 and W-8 BENs received by the corporation.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

125 - Provide/upload a schedule of interest and dividend income not included on Forms 1099.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

126 - Did the corporation engage in either a purchase or sale transaction involving cryptocurrency (such as bitcoin)?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

127 - Did the corporation have loans to or from shareholder(s) and other related parties during the tax year? If yes, provide/upload a schedule indicating the amount of the loan, date of transaction, interest rate and payments. Also, provide/upload a copy of the note if not previously provided.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

128 - Did the corporation refinance or restructure any outstanding debt this year? If yes, provide/upload documentation.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

129 - Does the corporation do business in more than one state? If yes, list the states and provide/upload copies of supporting schedules reflecting inventory, real and personal property, rents, payroll and sales by state.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

130 - Can the IRS or other tax authorities discuss questions about this return with the preparer?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

131 - Does the corporation file use tax returns in any states?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

132 - Does the corporation have any unpaid use tax as of this time?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

133 - If required, do you agree to have your return filed electronically?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

134 - Did the corporation change any accounting methods during the year?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

Section 200: Income:
201 - Did the corporation own any securities that became worthless or loans that became uncollectible during the year? If yes, provide/upload details.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

202 - During the tax year, did the corporation acquire, sell or dispose of any assets used in the business?*
Yes
No / Not Applicable
Check to add explanation
Check to add explanation

203 - Did the corporation have any sales during the year that qualify for the installment method of reporting? If yes, provide/upload a copy of the agreement, a schedule of payments received and the beginning-of-year contract balances. If available, provide/upload an amortization schedule.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

204 - Were there any sales or exchanges during the year between the corporation and a shareholder or other related party? If yes, provide/upload a detailed listing.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

205 - Did the corporation engage in any bartering activity during the year? If yes, provide/upload a schedule of all such activities.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

206 - Did the corporation receive any contribution in aid or construction or any other contribution from a customer or potential customer or any contribution from any governmental entity or civic group (other than contributions made by a shareholder in its capacity as a shareholder)? If yes, provide/upload the amount of any such contributions and indicate the accounts to which these contributions were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

207 - Did the corporation have any foreign sales? If yes, provide/upload sales by country and amounts.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

Section 300: Deductions and credits:
301 - Provide information for corporate officers and directors.
Name
Title
Social Security number
% time devoted to business
% common stock owned
% preferred stock owned
Compensation

302 - Does the corporation compensate employees or directors using restricted property, including options to purchase stock or restricted stock? If yes, provide/upload details regarding the applicable terms of employment and any related grants, elections, exercises and/or vesting events during the tax year, including copies of any notices to and elections by employees.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

303 - If applicable, provide/upload copies of all schedules reflecting the calculation of the amount of general and administrative expenses required to be capitalized in ending inventory or associated with self-constructed assets.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

304 - Did the corporation make political contributions during this tax year? If yes, provide/upload details by account posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

305 - Did the corporation incur any expenses to influence legislation (lobbying)? If yes, provide/upload a schedule of lobbying expenses and indicate to which accounts these expenses were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

306 - Does the corporation pay life insurance premiums (other than group-term life) for officers of the corporation? If yes, provide/upload amounts and indicate to which accounts these expenses were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

307 - Did the corporation purchase life insurance on any employee after Aug. 17, 2006? If yes, have employees been notified? Please provide/upload a copy of the filed Form 8925.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

308 - Did the corporation pay penalties or fines? Did the corporation pay or incur any amounts to or at the direction of, a government or governmental entity in relation to the violation of any law or the investigation or inquiry by such government or entity into the potential violation of any law during the tax year? If yes, list/upload amount(s) and indicate the reason for the penalty, fine or other expense and which accounts these expenses were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

309 - Did the corporation pay or incur any expenses, including settlements, other payouts or attorney fees, related to a sexual abuse or sexual harassment claim if the payments are subject to a nondisclosure agreement? If yes, provide/upload amounts and indicate to which accounts these expenses were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

310 - Does the corporation own or lease any vehicles?*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

312 - Did the corporation provide any qualified transportation fringe benefits to employees? If yes, provide/upload the amount and indicate to which accounts these expenses were posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

313 - Did the corporation have any meals or entertainment expenses? If yes, provide/upload details by account posted, including separate information for business meals and entertainment.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

314 - Did the corporation pay any social or entertainment club dues? If yes, provide/upload details by account posted.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

315 - Will all compensation-related accruals (including vacation pay) be paid within two and onehalf months of year end? If no, provide/upload details of unpaid amounts.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

316 - Are there any unpaid expenses to shareholder(s) at year end? If yes, provide/upload detail.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

317 - If applicable, provide/upload copies of certification for employees of target groups and associated wages paid qualifying for the work opportunity tax credit.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

318 -Provide/upload details of health insurance premiums paid for employees including a copy of Form 1094-C, if applicable.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

319 - Did the corporation provide paid medical and family leave to employees pursuant to a written policy? If yes, provide/upload a copy of the policy and, for each applicable employee, the amount of wages paid, the employee’s normal hourly wage rate and the number of hours of leave for which the employee was paid.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

320 - Provide/upload details of federal and state estimated tax payments made, including date paid and amount.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

Section 400: S corporation only:
401 - Have fringe benefits paid on behalf of more than two-percent shareholders (including, but not limited to medical, life insurance, disability, housing, etc.) been included in the shareholder’s compensation and subjected to payroll taxes, if applicable? Indicate to which accounts these amounts have been posted. Note that these rules also apply to relatives of more than 2% shareholders.*
Yes/Uploaded
No / Not Applicable
Check to add explanation
Check to add explanation

Final Section: Client Comments/Additional Explanations
Please use this field for any additional comments and explanations:
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