2016 Schedule C Business Tax Organizer Eric Gurr CPA, LLC

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1 Here is your tax organizer to assist you in gathering the information necessary information for your business tax return for The Internal Revenue Service matches information returns with amounts reported on income tax returns. Accordingly, all Forms 1099, Schedules K-1 and other information returns reflecting amounts reported to the Internal Revenue Service should be submitted with this organizer. Your Schedule C 2015 business return is filed with your personal (1040) tax return and is due with your personal tax return is due on April 15, To meet this filing deadline, your completed tax organizer, profit & lost statements, and related information need to be received no later than April 1, Any information received after this date may require an extension of time be filed for this return. As you review and complete the organizer, please indicate NA for questions or information that is Not Applicable to your particular return. The rate for preparing your tax return is our standard hourly rate and fees are due in full upon delivery of the completed tax return. Additional charges may apply if extra bookkeeping/or accounting assistance is required to prepare items such as balance sheets, income statements, purchase and/or sale or real property, yearly activity etc. Performing any bookkeeping is a necessary step for preparation of the income tax returns. Unpaid balances are subject to annual interest rate of 18 % per annum, collection charges, court costs and reasonable attorney fees. Our engagement is designed to prepare the federal, state and local income tax returns along with supporting schedules. We will not audit or otherwise verify the data you submit, although it may be necessary to ask you for clarification of some of the information. This engagement does not include any services not specifically stated in the letter. We will use our professional judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authority s interpretations of the law and other supportable positions. Unless otherwise instructed by you, we will resolve such questions in your favor, whenever possible. Your returns may be selected for review by the taxing authorities. In the event of such government tax examination, we will be available upon request to represent you and will render additional invoices for the time and expenses incurred. To schedule your appointment please go to our website at <Appointments> We look forward to providing services to you. Please sign and date below confirming you have read and agree to the terms and conditions of this organizer. BY Date Print Name and Title Company Name Page 1

2 Existing Client If New Client bring prior year tax return, depreciation schedules, any carry forward schedules and any correspondence received from the IRS or State taxing authorities. Company Name Address Federal ID Number SIC Code Accrual or Cash Basis How do You Maintain your Records (manual, accounting system, spread sheet) * Please Provide: 1. Profit and Loss Statement by Activity (Use the attached worksheet if the P&L is not available from an accounting program, excel spreadsheet etc.) *we may be able to import your accounting data _if you use Quickbooks as your accounting software program, we would recommend that you create a back-up or accountant s copy and or send a copy of your Quickbooks to our office. Please go to our website at and signup for Secured File Exchange Server you can transfer your Quickbooks accounting data file our secured server. IF YOU ARE NOT USING AN ACCOUNTING SYSTEM OR HAVE NOT SUMMARIZED YOUR BUSINESS INCOME AND EXPENSE, YOU CAN COMPLETE THE ATTACHED WORKSHEET INSTEAD OF PROVIDING ITEMS 2, 3, 5, AND 6. In addition, please provide the following information. 2. Copies of correspondence with tax authorities regarding changes to prior year(s) returns. 3. Schedule of all fringe benefits paid (medical insurance, life insurance etc.) indicate which, if any, of these benefits have been included on a W-2 4. Copies of all federal and state payroll reports 5. Copies of forms 1099, 5417, 5472, 8865, 8858, 8886 and schedule K-1 s that have been received. Page 2

3 6. Schedule of all interest and dividend income 7. Schedule of assets acquired and/or sold during the year including date acquired, date sold, sale or purchase price. Description of Asset Date Purchased Amount Paid 8. List of potential non-deductible expenses such as tax penalties and life insurance premiums 9. Vehicle and mileage data for company-owned passenger vehicles Description of Vehicle Date put into Service Purchase Price Personal Mileage during year Commuting Mileage during year Business Mileage during year 10. Detail of meal and entertainment expenses separately stated 11. List of type of trade or business or rental activity, indicating the date started or acquired. 12. Do you use an office or other space in your home for business? Yes No If Yes, Description of space used for business Square footage of home, square footage of office space Purchase price of home, date purchased Total expenses that can be allocated to home office Utilities Depreciation Page 3

4 INCOME AND EXPENSES WORKSHEET (complete this only if you have not provided your profit and losses in another format) Part I Income Gross receipts or sales Returns and Allowances$ Other Income (list type and amount) Part II - Cost of Goods Sold Inventory at beginning of year Purchases less cost of items withdrawn for personal use Cost of labor (Do not include salary paid to yourself) Materials and supplies Other costs (List type and amount) Inventory at end of year Part III Expenses Advertising Bad debts from sales or services Car and truck expenses Commissions and fees Contract Labor or Consultants Depreciation (we will compute) $ DONE Employee benefit programs (other than Pension) Insurance (other than health) Interest: a. Mortgage (paid to banks, etc.) b. Other Professional services a. Accounting b. Legal c. Other Office expense Pension and profit-sharing plans (employee s portion only) Page 4

5 Rent or lease: a. Vehicles, machinery, and equipment b. Other business property Repairs and maintenance Supplies Taxes and licenses (Enclose copies of payroll tax returns). Travel (air fare, hotel lodging, ground transportation, etc.) Meals and entertainment Utilities Wages (enclose copies of W-3/W-2 forms). Other expenses (list type and amount) Dues & subscriptions Bank charges Business cell phone & pager Business internet & web hosting Required uniforms & cleaning Postage & delivery Printing & reproduction $ $ Other Expenses-Describe $ List assets acquired and/or disposed/sold during the year Acquired: Description of asset(s), date purchased, cost Disposed: Description of asset(s), date sold or disposed of, sales price (if any) Page 5