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    S-Corp 1120S Tax Filing Checklist - 2014

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    Anonymous ruUxJt7lx
    This document is a checklist for filing an S Corporation tax return for 2014. It lists the key documents and information needed to complete the return, including basic business information, shareholder information, documents received, business and financial records, and asset records. The reminder at the top notes that 2014 taxes are due on March 16, 2015 for calendar year filers. The checklist provides a way for the business to organize the necessary tax filing materials.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    S-Corp 1120S Tax Filing Checklist - 2014

    Uploaded by

    Anonymous ruUxJt7lx
    216 views3 pages
    This document is a checklist for filing an S Corporation tax return for 2014. It lists the key documents and information needed to complete the return, including basic business information, shareholder information, documents received, business and financial records, and asset records. The reminder at the top notes that 2014 taxes are due on March 16, 2015 for calendar year filers. The checklist provides a way for the business to organize the necessary tax filing materials.

    Original Description:

    S-Corp IRS filing checklist

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    This document is a checklist for filing an S Corporation tax return for 2014. It lists the key documents and information needed to complete the return, including basic business information, shareholder information, documents received, business and financial records, and asset records. The reminder at the top notes that 2014 taxes are due on March 16, 2015 for calendar year filers. The checklist provides a way for the business to organize the necessary tax filing materials.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    216 views3 pages

    S-Corp 1120S Tax Filing Checklist - 2014

    Uploaded by

    Anonymous ruUxJt7lx
    This document is a checklist for filing an S Corporation tax return for 2014. It lists the key documents and information needed to complete the return, including basic business information, shareholder information, documents received, business and financial records, and asset records. The reminder at the top notes that 2014 taxes are due on March 16, 2015 for calendar year filers. The checklist provides a way for the business to organize the necessary tax filing materials.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    2014 Checklist

    1120S - S Corporation Return

    What I Need to File


    Reminder: 2014 taxes are due March 16, 2015 for calendar year lers

    Completed

    Basic Info
    Determine business return type for ling as registered with the IRS (Form 1065, 1120, or
    1120S). If unsure, contact the IRS Business help line at 1-800-829-4933
    Employer Identication Number (EIN) as registered with the IRS. If you dont have an EIN,
    apply online at IRS.gov
    List of states and state ID numbers in which your business has nexus or a presence that
    requires reporting
    Copy of articles of incorporation or bylaws including any amendments
    Copy of IRS acceptance letter of S election or previously led Form 2553
    Last years federal, state, and local tax returns
    All amounts and dates for federal, state, and local estimated tax payments made

    Completed

    Shareholder Info
    Name, address, and SSN/EIN of each shareholder during the tax year
    List of each shareholders stock ownership
    Reports for all shareholders capital contributions, withdrawals, or loans
    Reports for all shareholders compensation and benets including cost of medical and life
    insurance
    Reports detailing any change in ownership during the tax year

    Completed

    Documents Received
    All Forms 1099-B, 1099-DIV, 1099-INT, 1099-K, or 1099-MISC received (or other records for
    dividends, interest, or business income)
    Schedule K-1 received from entities that your business owns (lower tier entities)
    All granted credit certicates issued by federal or state taxing authorities

    2014 Checklist

    1120S - S Corporation Return

    What I Need to File


    Reminder: 2014 taxes are due March 16, 2015 for calendar year lers

    Completed

    Business and Financial Records


    Trial balance report from company books. TaxACTs Accounting Records import helps
    reduce time and errors by automatically transferring accounting records for the tax year via
    .csv import (compatible with most popular accounting applications)
    Bank and credit card records to support interest and other day-to-day business expenses
    Copy or summary of all Form 1099 and W-2 issued
    Reports detailing all federal unemployment, Social Security, and Medicare tax paid
    (Forms 940 & 941)
    Reports of state and local payroll tax paid
    If business was conducted in multiple states, compile a report of sales, payroll, and
    property values for each state
    Reports for inventory including cost of goods or materials purchased for resale or
    manufacture and the total value of goods or materials at the end of year

    Completed

    Asset Records
    Prior year depreciation schedules detailing asset cost, date placed in service, prior
    depreciation, and business use percentage
    Date of purchase, cost, trade-in allowance, and business use percentage for all assets
    acquired during the tax year
    Date of purchase, cost, sales proceeds, trade-in allowance, expenses of the sale, and
    accumulated depreciation for all assets disposed of during the tax year
    Mileage log for each owned or leased vehicle (business use and total use)
    Reports for business use percentage and actual expenses for each owned vehicle (gas and
    maintenance costs)

    2014 Checklist

    What I Need to File


    Reminder: 2014 taxes are due March 16, 2015 for calendar year lers

    Notes

    1120S - S Corporation Return

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