New Clients
• 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 the last three years, including state returns.
C Corporation Specific Questions
Does the corporation have any of the following employee benefit plans? If yes provide copies of plan documents.
C Corporation Specific Questions continued
Principal Shareholders Ownership Information (include additional sheets as necessary)
C Corporation Balance Sheet
Corporation assets at year end & Corporation debts and equity at year end
C Corporation Income (include all Forms 1099-K received)
C Corporation Cost of Goods Sold (only for manufacturers, wholesalers, and businesses that make, buy, or sell goods)
C Corporation Expenses
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 Sold or Disposed of During Year
C Corporation Business Credits (if you answered Yes for any of the questions below, please provide a statement with details)
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
Installment
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 may be required for preparation of returns.
• Keep a copy of the tax return and any related tax documents. You may be assessed a fee if you request a duplicate copy in the future.
Signatures
By signing below, you acknowledge that you have read, understand, and accept your obligations and responsibilities.
Privacy Policy
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 express written 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.