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RUGGIERO,
MARTINEZ & NORTON, P.A.
1640 Lee Road,
Winter Park, FL 32789
(407) 740-5077
January 16, 2008
PLEASE
NOTE IMPORTANT CHANGES THIS YEAR
Dear Client:
As we prepare for
our upcoming “tax season,” we are providing you with a list of preliminary
information we will need in order to prepare your annual income tax
returns. Please try to return the requested information as “complete” as
possible to minimize follow-up requests which will help increase timeliness
and efficiencies.
Please note that
to comply with insurance and industry directives, we are now required to
maintain engagement letters for all of our tax and accounting engagements.
As such, we will not be able to issue your completed return without a signed
copy of the engagement letter. The following is enclosed:
·
Engagement Letter – Please sign and return to our office.
·
Business Entity Tax Questionnaire – Please answer all questions, sign, date
and return to our office.
·
Year-End
Tax Information Request – Please use this as a guide to gather your
information, respond to all questions, attach the required supporting
documentation requested and return to our office.
·
Employee
Representation Regarding Use of Company Vehicle – A separate Employee
Representation Form should be completed for each vehicle owned by the entity
at any time during the year (unless all personal use, including commuting,
is prohibited by the entity) Please fill-in the form with all the
requested information, sign, date and return to our office.
·
Tangible Personal Property Tax Return Acquired/Sold/Junked Form and fixed
asset schedule (if applicable). Please complete and return to our office by
2/1/08.
·
Engagement
Letter – Copy for your records.
Please keep in
mind that the checklist may not be all-inclusive for your entity. Each
entity is unique, and therefore we will probably have additional questions
specific to your particular business and circumstances.
We look forward
to serving you this upcoming season, and receiving your information as soon
as possible. Please note that all colored copies should be completed and
returned to our office. White copies should be retained for your records.
Please note,
generally the early filing of your business returns affects the timeliness
of your personal return. Accordingly, to avoid filing extensions on your
personal return, please remit the above information to our office by
February 15, 2008.
Please call if you have any questions.
Very
truly yours,
RUGGIERO MARTINEZ &
NORTON P.A.
RUGGIERO, MARTINEZ & NORTON, P.A.
2007
PARTNERSHIP/LLC TAX ORGANIZER FORM 1065
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YES |
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N/A |
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1 |
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Has the partnership/LLC been notified of any changes to previous returns
by any taxing authority? If yes, provide copies of all correspondence.
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2 |
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Have there been any amendments to the partnership/LLC agreement? If yes,
provide copies of amendments since the last year.
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3 |
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Describe the principal business activity of the partnership/LLC: |
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4 |
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Did the partnership/LLC acquire or dispose of a business or business
segment during this tax year? If yes, attach a copy of the contract or
agreement.
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5 |
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Did the partnership/LLC engage in any new activities during this tax
year? If yes, attach a description of the new business.
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6 |
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Did the partnership/LLC discontinue operations for this year?
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7 |
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Provide a schedule, by partner/member, of fringe benefits paid on behalf
of each partner such as medical, life insurance, disability and housing.
Indicate which accounts have been charged.
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8 |
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Has the address on the prior year changed? If so, provide new address.
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9 |
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Is the partnership/LLC a partner/member in another partnership/LLC? If
yes, provide a copy of other partnership tax return(s).
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10 |
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Does the partnership/LLC own a disregarded entity? If so, provide
details.
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11 |
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(For initial year returns) Circle method of accounting for tax purposes:
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Cash Accrual Other
(Describe) _______________
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12 |
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Has the partnership/LLC ever elected to “step up” the
basis of any assets in connection with the death of a partner/member or
a change in ownership? (Section 754 election)
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13 |
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Did the partnership/LLC, at any time during the tax year, have an
interest in a foreign bank account? |
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14 |
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Was the partnership/LLC the grantor of, or transferor to, a foreign
trust during the tax year?
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15 |
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Does the partnership/LLC do business in more than one state? If yes,
list the states.
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1) |
Provide copies of supporting schedules reflecting the property, rents,
payroll, and sales by state.
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16 |
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Is this a final return?
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17 |
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Does the partnership/LLC engage in more than one trade or business
activity? If yes, provide details.
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18 |
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Did the partnership/LLC receive any tax exempt or income? If yes,
provide details.
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19 |
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Were there any sales or exchanges during the year between the
partnership/member and a partner/member or other related party? If yes,
provide a detailed listing.
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20 |
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Did the partnership/LLC have any foreign sales? If yes, provide sales by
country and amount.
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21 |
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Do you have written acknowledgment from all charities to which
individual donations of $250 or more were made during the year? (You
must have receipts or bank records for all cash contributions.)
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22 |
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Did the partnership make political contributions during the tax year?
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1) |
If yes, enter the amount. $_________
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2) |
If yes, identify the accounts to which the contributions were posted.
___________________________
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23 |
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Did the partnership/LLC pay any penalties/fines during the tax year? If
yes, list amount(s) and indicate the reason for the penalty/fine. |
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24 |
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Did any partners/members contribute any assets to the
partnership/LLC during the year? If yes, provide a schedule of such
assets received including date placed in service and partner/member’s
basis in such assets and fair market value of such asset.
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25 |
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Are computers, cellular phones or other property used for personal
purposes? If yes, complete the following: |
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Date Placed |
Business |
Cost or |
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Description |
in Service |
Use % |
Basis |
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1) |
Does the partnership/LLC have evidence to support the business use
claimed?
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2) |
If yes, is the evidence written?
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26 |
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Did the partnership/LLC pay any social or entertainment club dues? If
yes, provide details.
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27 |
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Will all compensation-related accruals (including vacation pay) be paid
within 2˝ months of year-end? If no, provide details of unpaid amounts.
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28 |
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Has any partner or member become either a co-maker or guaranteed a
partnership or LLC loan? If so, has an addendum been written to the LLC
operating agreement or Partnership Agreement to require contributions of
guarantor members or partners in the event of default?
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29 |
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Please provide the names of Partners or LLC members that meet all
of the following three criteria: |
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1) |
Does NOT have partial or total personal liability for LLC or partnership
debt under state law (liabilities created by guarantees or personal
endorsements is not considered) |
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2) |
Does NOT have statutory or contractual authority to make contracts on
behalf of the LLC or partnership. |
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3) |
Does NOT participate in the business for more than 500 hours. |
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