2017 Farm Tax Organizer Gurr & Company LLC

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James Woods
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1 2017 Farm Tax Organizer Gurr & Company LLC Here is your tax organizer to assist you in gathering the information necessary information for your Schedule F "Farm" tax return for The Internal Revenue Service matches information returns with amounts reported on income tax returns. Accordingly, all Forms 1099, Schedules K-1 and other information returns reflecting amounts reported to the Internal Revenue Service should be submitted with this organizer. Your Schedule F "Farm" 2017 business return may be filed with your personal or business tax return and is due when your personal (April 17, 2018) or business tax return (March 15, 2018) tax return and is due. To meet these filing deadlines, your completed tax organizer, profit & lost statements, and related information need to be received no later than 2 weeks prior to the due date of the appropriate tax return. Any information received after this date may require an extension of time be filed for this return. As you review and complete the organizer, please indicate "NA" for questions or information that is "Not Applicable" to your particular return. The rate for preparing your tax return is our standard hourly rate and fees are due in full upon delivery of the completed tax return. Additional charges will apply if extra bookkeeping/or accounting assistance is required to prepare items such as balance sheets, income statements, purchase and/or sale of real property. Performing any bookkeeping is a necessary step for preparation of the income tax returns. Unpaid balances are subject to annual interest rate of 18 % per annum, collection charges, court costs and reasonable attorney fees. Our engagement is designed to prepare the federal, state and local income tax returns along with supporting schedules. We will not audit or otherwise verify the data you submit, although it may be necessary to ask you for clarification of some of the information. This engagement does not include any services not specifically stated in the letter. We will use our professional judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authority's interpretations of the law and other supportable positions. Unless otherwise instructed, we will resolve such questions in your favor, whenever possible. You returns may be selected for review by the taxing authorities. In the event of such government tax examination, we will be available upon request to represent you and will render additional invoices for the time and expenses incurred. We will begin scheduling appointments early in January. To schedule your appointment please go to our website at s> We look forward to providing services to you. Please sign and date below confirn1ing you have read and agree to the terms and conditions of th is organizer. Company Name. _ Page I 1

2 2017 Farm Tax Organizer Gurr & Company LLC Existing Client New Client ( bring prior year tax return, depreciation schedules, any carry forward schedules and any correspondence received from the IRS or State taxing authorities) Filing Type l LLC/Partnership Trust/Estate C or S Corporation (l120 or 1120S) (Individual or Company) Name _ Address Federal ID Number SIC Code Accrual or Cash Basis - How do You Maintain your Records (manual, accounting system, spreadsheet) * Please Provide: 1. Profit and Loss Statement by Activity (Use the attached worksheet if the P&L is not available from an accounting program, excel spreadsheet etc.) 2. Copy of Yearend Bank Statement and Bank Reconciliations 3. Yearend Balance Sheet 4. Any changes to accounting policies Yes - No If yes, description _ Page I 2

3 2017 Farm Tax Organizer Gurr & Company LLC If you use Quickbooks as your accounting software program, we would recommend that you create a "back-up " or "accountant 's copy " and or send a copy of your Quickbooks to our office. Please go to our website at pa.com and signup for "Secured File Exchange Server "you can transfer your Quickbooks accounting data file to our secured server. Please remember to send us your password to Quickbooks. IF YOU ARE NOT USING AN ACCOUNTING SYSTEM OR HAVE NOT SUMMARIZED YOUR BUSINESS INCOME AND EXPENSE, YOU CAN COMPLETE THE ATTACHED WORKSHE ET INSTEAD OF PROVIDING ITEMS 2, 3, 5, AND 6. In addition, please provide the following information. 5. Copies of correspondence with tax authorities regarding changes to prior year(s) returns. 6. Schedule of all fringe benefits paid (medical insurance, life insurance etc.) indicate which, if any, of these benefits have been included on a W-2 7. Copies of all federal and state payroll reports, including W3 8. Copies of forms 1099, 5417, 5472, 8865, 8858, 8886 and schedule K-1's that have been received. 9. Did you pay out to any individual or business entity more than $600.00? if yes, please provide 1099-Misc and 1096 filed for these contract employees. (Note: we can file 1099 s for you) 10. Page I 3

4 Name SSN Farm Income and Expenses Enter "X" in one box: DFiler DSpouse General Information 1 Federal Employer Identification Number (do not enter Social Security Number) 2 Principal crop or activity 3 Accounting Method.. 4 Did you "materially participate" in this business? 5 Did you receive a subsidy in 2015?.. Enter "X" in the appropriate box Enter "X" in the appropriate box _cash _Yes _Yes _Accrual _No _No Farm Income - Cash Method (Use only if cash method of accounting) 6 Sales of livestock and other items purchased for resale 7 Cost or other basis of livestock and other items reported on line 6 above 8 Sales of livestock, produce, grains, and other products you raised 9 Total cooperative distributions Agricultural program payments. 11 Commodity Credit Corporation loans reported under election 12 Total Commodity Credit Corporation loans forfeited 13 Crop insurance proceeds and certain disaster payments received in If election to defer, "X" the box 15 deferred from Custom hire (machine work). 17 Other income, including Federal and state gasoline or fuel tax credit or refund Farm Income - Accrual Method (Use only if accrual method of accounting) 18 Sales of livestock and other items purchased for resale 19 Total cooperative distributions 20 Agricultural program payments.. 21 CCC loans reported under election 22 Total CCC loans forfeited 23 Crop insurance proceeds Custom hire income Other income, including Federal and state gasoline or fuel tax credit or refund 26 Inventory of livestock, produce, grains, and other products at beginning of the year 27 Cost of livestock, produce, grains, and other products purchased during the year 28 Inventory of livestock, produce, grains, and other products at end of year A B (Description): A B Date Placed In Service Purchase

5 Name Principal crop or activity Farm Expenses Cont. Expenses 29 Chemicals Conservation expenses Custom hire (machine work) Employee benefit programs (other than on line 41) Feed purchased Fertilizers and lime Freight and trucking Gasoline, fuel, and oil Insurance (other than health). 37 Interest: 38 Mortgage (paid to banks, etc.) Other Labor hired (less employment credits) Pension and profit-sharing plans 41 Rent or lease: 42 Machinery rental or lease Equipment rental or lease Other (land, animals, etc.) Repairs and maintenance Seeds and plants purchased Storage and warehousing Supplies purchased Taxes Utilities Veterinary, breeding, and medicine 65 Other Expenses: 66 Meals and entertainment SSN

6 Name SSN Principal crop or activity Vehicle Information - Farm Vehicle 2-1 Date vehicle was placed in service. 1 2 Cost of vehicle Total miles driven for the year Business miles driven during the year. 4 5 Commuting miles included on line Parking fees and tolls Vehicle Interest Vehicle Personal Property tax. 8 Actual Expenses 9 Gasoline, oil and repairs Vehicle Insurance.. 1O 11 Vehicle registration fees i vehicle lease or rental... =============================================== ===============: 1 Date vehicle was placed in service 1 2 Cost of vehicle 2 3 Total miles driven for the year Business miles driven during the year 4 5 Commuting miles included on line Parking fees and tolls Vehicle Interest Vehicle Personal Property tax. 8 Actual Expenses 9 Gasoline, oil and repairs Vehicle Insurance :10 Vehicle 3 - Vehicle 4-11 Vehicle registration fees. t j 12 Vehicle lease or rental L ' ' L

2017 Schedule C Business Tax Organizer Gurr & Company LLC

2017 Schedule C Business Tax Organizer Gurr & Company LLC Here is your tax organizer to assist you in gathering the information necessary information for your business tax return for 2017. The Internal Revenue Service matches information returns with amounts