List of Items Needed for Tax Preparation For S-Corporations

• A Copy of Previous Year’s Tax Return

• A Copy of the S-Corporation Election Acceptance Letter from the IRS

• The following information for the individual owners of the S-Corp

  • Dates of Birth

  • Social Security Numbers

  • Current Mailing Addresses

  • Ownership Schedule (detailing the number of shares owned by each individual)

  • Ownership Changes (amount of shares exchanged, dates of transactions, total amount of cash or FMV of property exchanged amount of shares)

  • Owner Contributions and Disbursements Report

  • Shareholder Basis Schedule (this may be found on owners personal tax return from the previous tax year)

• Financial Statements for the applicable tax year for the S-Corp

  • Income Statement

  • Balance Sheet

  • Trial Balance Report

• Depreciation and Amortization Schedules from prior tax year

• Payroll Items for the applicable tax year:

  • Payroll Reports

  • W-2s for the owners

  • W-3 for the company

• Documentation on Qualified Retirement Plans supported by the S-Corp (their tax returns and financial statements)

• Documentation on an accountable plan (if applicable)

• Documentation detailing loans between the shareholders and the S-Corporation

  • Loan Contracts

  • Loan Payment schedules

• Any other information or documents that may be relevant