2009Partnership/LLC Tax Organizer

Eric Gurr CPA, LLC

Here is your organizer to assist you in gathering the information necessary information for your business tax return for 2009.

The Internal Revenue Service matches information returns with amounts reported on income tax

returns. Accordingly, all Forms 1099, W2’s, Schedules K-1 and other information returns reflecting amounts reported to theInternal Revenue Service should be submitted with this organizer.

Your 2009 Partnership/LLC tax returns are due on April 15, 2010. However, to ensure your partners/members can file their personal tax returns timely, we will need to complete the Partnership/LLC tax returns prior to April 1, 2010. To meet this filing deadline,your completed tax organizer, profit & lost statements, and related information need to be received no later than February March 15, 2010. As you review and complete the organizer, please indicate “NA” for questions or information that is “Not Applicable” to your particular return.

If an extension of time is required, any tax that may be due must be paid with the

extension. Any taxes not paid by the filing deadline may be subject to late payment

penalties and interest when those taxes are actually paid. Although no taxes are generally due with an Partnership/LLC tax return, the IRS will charge a nonfiling penalty if the tax return or extension is not filed timely. These fees are $500.00 per return.

We will perform the following services: 1. Prepare your federal, state and local income tax returns with supporting schedules. 2. Perform any bookkeeping necessary for preparation of the income tax returns. 3. Provide tax planning for 2010 based on your 2009 tax return and the new or proposed 2010 tax law changes.

We will use professional judgment in resolving questions where the tax law is unclear, or where

there may be conflicts between the taxing authorities’ interpretations of the law and the

supportable positions. Unless otherwise instructed by you, we will resolve such questions in

your favor whenever possible.

We will begin scheduling appointments next week.

We look forward to providing services to you. Should you have any questions regarding any

items, please do not hesitate to contact us.

PLEASE SIGN AND DATE:

Tax Organizer completed by______Date______

Print Name and Title______

______Existing Client

______If New Client bring prior year tax return, depreciation schedules, any carry forward schedules and S election approval letter.

Company Name ______

If tax period is other than calendar year, please indicate fiscal year date______

Address______

City______State______Zip______

Federal ID Number______SIC Code______

Accrual or Cash Basis______Has this changed this year ( Y or N )

Name of Accounting System Used (or None)______*

Please Provide:

  1. Copy of December 2009 bank statement(s)
  2. **2009 General Ledger
  3. **2009 Trial Balance
  4. Book Depreciation schedules
  5. **12/31/2009 Balance Sheet – and account analysis if available
  6. 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 export your accounting data

**if you use Quickbooks 2006 or later, you can provide us a copy of your business accounting data file (accountant’s copy etc.) in lieu of hard copies for these. Please call us if you need help preparing or transferring your QB accounting file.

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.

  1. Copies of correspondence with tax authorities regarding changes to prior year(s) returns.
  1. Details of changes in partnership or LLC members ownership
  1. For each partner/LLC member, please provide their Social Sec No., compensation, percentage of ownership, and time devoted to business, date ownership acquired, and detail of distributions received (indicate type of distribution – cash, stock, property, other)
  1. Schedule of all fringe benefits paid (medical insurance, life insurance etc.) on behalf of more than 2% partners/LLC members and indicate which, if any, of these benefits have been included on a W-2
  1. Schedule of loans to/from partners/LLC members, officers and related parties including interest rates and payment schedules.
  1. Copies of deferred compensation plans, if any.
  1. Copies of all federal and state payroll reports
  1. Copies of forms 1099/1096, 5500, 1042, 5471, 5472, 8865, 8858, 8886 that have been filed.
  1. Copies of forms 1099, 5417, 5472, 8865, 8858, 8886 and schedule K-1’s that have been received.
  1. Schedule of all interest and dividend income
  1. Schedule of assets acquired and/or sold during the year including date acquired, date sold, sale or purchase price.
  1. Schedule of any charitable contributions
  1. List of potential non-deductible expenses such as tax penalties and life insurance premiums
  1. Vehicle and mileage data for company-owned passenger vehicles
  1. Detail of meal and entertainment expenses – separately stated
  1. List of type of trade or business or rental activity, indicating the date started or acquired.
  1. Do you conduct business in other states? By internet only______if yes, list other states and what type of business is conducted – products, services etc.

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)$______

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 | 1Eric Gurr CPA LLC 1156 S State Suite 202, Orem, Utah 84097 ph:801-225-9411