S-Corp What To Bring

General Business Information:

• Employer Identification Number (EIN).

• Prior year's federal, state, and local tax returns.

• Articles of incorporation or bylaws (including any amendments).

• A list of all states where the business has nexus.

• Proof of estimated tax payments.

• For S-Corps, a copy of the IRS acceptance letter of the S election or a previously filed Form 2553.

Financial Records:

• Trial balance report from your accounting books.

• Profit and Loss Statement (Income Statement).

• Balance Sheet.

• Bank and credit card statements.

• All Forms 1099 and W-2 issued by the company.

• Reports detailing federal, state, and local payroll taxes paid (Forms 940 & 941).

Asset Records:

• Prior year's depreciation schedules.

• Information on assets acquired or disposed of during the tax year (date, cost, sales proceeds, etc.).

• Mileage logs for business use of vehicles.

Shareholder Information (S-Corp):

• Name, address, and SSN/EIN of each shareholder/stockholder.

• Reports of all capital contributions, withdrawals, or loans.

• Reports of compensation and benefits for each owner.