Tax Organizer-LLC

LLC Income(include all Forms 1099-K received)

Gross receipts or sales

Dividends income (include all 1099-DIV Forms)

Returns and allowances

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

Interest income (include all 1099-INT Forms)

Other income (loss) (include a statement)

Tax Preparation Services

The LLC Tax Organizer has been designed to help collect and organize the LLC information that we will need in the preparation of your tax returns. Because this is the information we will be using to prepare your tax returns and sending to the IRS, please verify it is complete and accurate before submitting.

If any information doesn’t apply to you, do not skip, instead please input “NA” so that we know it wasn’t missed.

Once completed, please return via email to your case worker. If you need alternative methods to return the tax organizer you may fax or mail to:

Fax

(213) 340-2063

Mail

15760 Ventura Blvd

STE 1560

Encino, CA 91436

Should you have any questions or concerns, please do not hesitate to call 1(855)225-1040

Tax Year*

LLC General Information
LLC Tax Organizer			Use a separate organizer for each LLC
Legal name of LLC*		EIN*
LLC address (check if new address)
LLC Representative*
		Title*
		Email*	Phone*
Principal business activity
Principal product or service
Yes No	Principal product or service
Accounting method:	Cash Accrual Other
Yes No	Does the LLC file under a calendar year? (If no, what is the fiscal year?)
Yes No	Does the LLC file under a calendar year? 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

Name	Tax ID number (SSN or EIN)	Address	Ownership percentage	Member or member-manager	U.S. citizen?
Principal Members Ownership Information
					Yes No
					Yes No
					Yes No
					Yes No
					Yes No

LLC Other Transactions
Member name	Guaranteed payments	Health insurance premiums paid	Capital contributions from member	Distributions to member	Member loans to the LLC	Loans repaid by LLC to member

All Clients – Additional information and documents required

Provide the income/financial statements for the year (per books), balance sheet, depreciation schedule per books, and cash reconciliation of business bank accounts with ending cash balance.

If the LLC has employees or paid independent contractors, provide a copy of all W-2, W-3, 940, 941, 1096, 1099-MISC, and any other forms issued to workers.

If any members live in a different state or outside the U.S., provide details. The business may be subject to withholding requirements.

New Clients – Additional information and documents required

Date LLC formed
State LLC formed in

Provide copies of LLC’s Articles of Organization and Operating Agreement (if any).
Provide copies of depreciation schedules for book, tax, and AMT.
Provide copies of tax returns for last two years, including state returns (if applicable).

LLC Balance Sheet
LLC assets at year end		LLC debts and equity at year end
Bank account end of year balance		Accounts payable at year end
Accounts receivable at end of year		Payables less than one year
Loans to members		Payables more than one year
Mortgages and loans held by LLC		Mortgages, notes payable
Stocks, bonds, and securities		Loans from members
Other current assets (include list)		LLC capital accounts
Inventories

LLC Expenses
Advertising		Management fees
Bad debts		Meals – business
Bank charges		Office supplies
Business licenses		Organization costs
Commissions and fees		Pension and profit sharing plans
Contract labor		Rent or lease – car, machinery, equipment
Employee benefit programs		Rent or lease – other business property
Employee health care plans		Repairs and maintenance
*Entertainment		Taxes – payroll
Gifts		Taxes – property
Guaranteed payments to members		Taxes – sales
Insurance (other than health insurance)		Taxes – state
Interest – mortgage		Telephone
Interest – other		Utilities
Internet service		Wages
Legal and professional services		Other expense
*Entertainment is no longer deductible for taxes.

Generally, you can use either the standard mileage rate or actual expenses to figure the deductible costs of operating your car for business purposes. However, to use the standard mileage rate, it must be used in the first year the car is available for business. In later years, you can then choose between either the standard mileage rate method or actual expenses.

Equipment Purchases– Enter the following information for depreciable assets purchased that have a useful life greater than one year
Asset	Date purchased	Cost	Date placed in service	New or used?
				New Used
				New Used
				New Used
				New Used
				New Used

Equipment Sold or Disposed of During Year
Asset	Date out of service	Date sold	Selling price/FMV	Trade-in?
				Yes No
				Yes No
				Yes No
				Yes No
				Yes No

Estimated Tax Payments—Tax Year 2019
Installment	Date paid	Federal	Date paid	State
First
Second
Third
Fourth
Amount applied from 2018 overpayment?
Total

Tax Return Preparation
We will prepare the 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 return do not include auditing, review, or any other verification or assurance.

Tax Return Preparation

We will prepare the 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 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	Title	Date

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.

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, and 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

Car Expenses (use a separate form for each vehicle)
Make/Model		Date car placed in service
Yes No	Car available for personal use during off-duty hours?
Yes No	Do you (or your spouse) have any other cars for personal use?	Did you trade in your car this year?	Yes No
Yes No	Do you have evidence?	Cost of trade-in Trade-in value
Yes No	Is your evidence written?	Cost of trade-in Trade-in value
Mileage		Actual Expenses
Beginning of year odometer		Gas/oil
End of year odometer		Insurance
Business mileage		Parking fees/tolls
Commuting mileage		Registration/fees
Other mileage		Repairs

LLC Business Credits (if answered Yes for any of the below, please provide a statement with details)
Yes No	Did the business pay expenses to make it accessible by individuals with disabilities?
Yes No	Did the business pay any FICA on employee wages for tips above minimum wage?
Yes No	Did the business own any residential rental buildings providing qualified low-income housing?
Yes No	Did the business incur any research and experimental expenditures during the tax year?
Yes No	Did the business have employer pension plan start-up costs?	Total number of employees
Yes No	Did the business pay health insurance premiums for employees?	Total number of employees