U.S. Income Tax Return for an S Corporation. attaching Form 2553 to elect to be an S corporation.

Transcription

1 0//0 :0 PM OMB No. -0 Form U.S. Income Tax Return for an S Corporation Do not file this form unless the corporation has filed or is Department of the Treasury attaching Form to elect to e an S corporation. 0 Internal Revenue Service Information aout Form 0S and its separate instructions is at For calendar year 0 or tax year eginning, ending A S election effective date Name D Employer identification numer B G (see instructions for limitations) 0S City or town, state or province, country, and ZIP or foreign postal code Total assets (see instructions) $ Is the corporation electing to e an S corporation eginning with this tax year? Yes No If "Yes," attach Form if not already filed Overpayment. If line d is larger than the total of lines c and, enter amount overpaid Enter amount from line Credited to 0 estimated tax Refunded Sign Here Paid Preparer Use Only Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the est of my knowledge and elief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is ased on all information of which preparer has any knowledge. Signature of officer TYPE OR PRINT H Check if: () Final return () Name change () Address change () Amended return () S election termination or revocation I Enter the numer of shareholders who were shareholders during any part of the tax year Caution. Include only trade or usiness income and expenses on lines a through. See the instructions for more information. Income Deductions Tax and Payments 0/0/9 KINARA GRAPHICS INC Business activity code numer (see instructions) C Check if Sch. M- attached Numer, street, and room or suite no. If a P.O. ox, see instructions. a Gross receipts or sales a Returns and allowances c Balance. Sutract line from line a c Cost of goods sold (attach Form -A) Gross profit. Sutract line from line c Net gain (loss) from Form 9, line (attach Form 9) Other income (loss) (see instructions attach statement) Total income (loss). Add lines through Compensation of officers (see instructions attach Form -E) Salaries and wages (less employment credits) Repairs and maintenance Bad dets Rents Taxes and licenses Interest Depreciation not claimed on Form -A or elsewhere on return (attach Form ) Depletion (Do not deduct oil and gas depletion.) Advertising Pension, profit-sharing, etc., plans Employee enefit programs Other deductions (attach statement) Total deductions. Add lines through Ordinary usiness income (loss). Sutract line 0 from line a Excess net passive income or LIFO recapture tax (see instructions) a Tax from Schedule D (Form 0S) c Add lines a and (see instructions for additional taxes) c a 0 estimated tax payments and 0 overpayment credited to a Tax deposited with Form c Credit for federal tax paid on fuels (attach Form ) c d Add lines a through c d Estimated tax penalty (see instructions). Check if Form 0 is attached Amount owed. If line d is smaller than the total of lines c and, enter amount owed Date May the IRS discuss this return with the preparer shown elow (see instructions)? Firm's address OGDEN, UT 0 Phone no For Paperwork Reduction Act Notice, see separate instructions. Title E F -000 Date incorporated 00 NORTH KING STREET STE 0 0/0/99 LAYTON UT 0 THOMAS BERRY Print/Type preparer's name LON W CHILD Preparer's signature LON W CHILD Date 0// Check self-employed if PTIN P009 Firm's name LEWIS R CHILD & COMPANY CPA PC Firm's EIN -099 JEFFERSON AVE,99 Yes No,99,9,0,0,9 0, SEE STMT 0,00,90,0 PRESIDENT

2 0//0 :0 PM KINARA GRAPHICS INC -000 Page Schedule B Other Information (see instructions) Check accounting method: a Cash Accrual Yes No c Other (specify) See the instructions and enter the: a Business activity ADVERTISING/PRINTI Product or service ADVERTISING/PRINTI At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a nominee or similar person? If "Yes," attach Schedule B-, Information on Certain Shareholders of an S Corporation At the end of the tax year, did the corporation: a Own directly 0% or more, or own, directly or indirectly, 0% or more of the total stock issued and outstanding of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If Yes, complete (i) through (v) elow (ii) Employer (iii) Country of (iv) Percentage of (v) If Percentage in (iv) is 00%, (i) Name of Corporation Identification Incorporation Stock Owned Enter the Date (if any) Numer (if any) a Qualified Suchapter S Susidiary Election Was Made Own directly an interest of 0% or more, or own, directly or indirectly, an interest of 0% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the eneficial interest of a trust? For rules of constructive ownership, see instructions. If Yes, complete (i) through (v) elow (i) Name of Entity (ii) Employer Identification Numer (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital a 9 0 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? If Yes, complete lines (i) and (ii) elow. (i) (ii) Total shares of restricted stock Total shares of non-restricted stock At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments? If Yes, complete lines (i) and (ii) elow. (i) Total shares of stock outstanding at the end of the tax year (ii) Total shares of stock outstanding if all instruments were executed Has this corporation filed, or is it required to file, Form 9, Material Advisor Disclosure Statement, to provide Check this ox if the corporation issued pulicly offered det instruments with original issue discount If checked, the corporation may have to file Form, Information Return for Pulicly Offered Original Issue Discount Instruments. If the corporation: (a) was a C corporation efore it elected to e an S corporation or the corporation acquired an asset with a asis determined y reference to the asis of the asset (or the asis of any other property) in the hands of a C corporation and () has net unrealized uilt-in gain in excess of the net recognized uilt-in gain from prior years, enter the net unrealized uilt-in gain reduced y net recognized uilt-in gain from prior years (see information on any reportale transaction? instructions) $ Enter the accumulated earnings and profits of the corporation at the end of the tax year $ Does the corporation satisfy oth of the following conditions? The corporation s total receipts (see instructions) for the tax year were less than $0, The corporation s total assets at the end of the tax year were less than $0, If Yes, the corporation is not required to complete Schedules L and M-. During the tax year, did the corporation have any non-shareholder det that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the det? a If Yes, enter the amount of principal reduction $ During the tax year, was a qualified suchapter S susidiary election terminated or revoked? If Yes, see instructions Did the corporation make any payments in 0 that would require it to file Form(s) 099? If Yes, did the corporation file or will it file required Forms 099?

3 0//0 :0 PM Page Schedule K Shareholders' Pro Rata Share Items Total amount Ordinary usiness income (loss) (page, line ) ,0 Net rental real estate income (loss) (attach Form ) a Other gross rental income (loss) a Expenses from other rental activities (attach statement) c Other net rental income (loss). Sutract line from line a c Interest income Dividends: a Ordinary dividends a Qualified dividends Royalties Net short-term capital gain (loss) (attach Schedule D (Form 0S)) a Net long-term capital gain (loss) (attach Schedule D (Form 0S)) a Collectiles (%) gain (loss) c Unrecaptured section 0 gain (attach statement) c 9 Net section gain (loss) (attach Form 9) Other income (loss) (see instructions) Type 0 Section 9 deduction (attach Form ) a Charitale contriutions a Investment interest expense c Section 9(e)() expenditures () Type () Amount c() d Other deductions (see instructions) Type d Income (Loss) Deductions Credits Foreign Transactions Alternative Minimum Tax (AMT) Items Items Affecting Shareholder Basis a Low-income housing credit (section (j)()) Low-income housing credit (other) c Qualified rehailitation expenditures (rental real estate) (attach Form, if applicale) d Other rental real estate credits (see instructions)... Type e Other rental credits (see instructions) Type f Biofuel producer credit (attach Form ) g Other credits (see instructions) Type a Name of country or U.S. possession Gross income from all sources c Gross income sourced at shareholder level Foreign gross income sourced at corporate level d Passive category e General category f Other (attach statement) Deductions allocated and apportioned at shareholder level l Total foreign taxes (check one): Paid Accrued m Reduction in taxes availale for credit (attach statement) n Other foreign tax information (attach statement) a g Interest expense h c d e Other Deductions allocated and apportioned at corporate level to foreign source income i Passive category j General category k Other (attach statement) Other information f Post-9 depreciation adjustment Adjusted gain or loss Depletion (other than oil and gas) Oil, gas, and geothermal properties gross income Oil, gas, and geothermal properties deductions Other AMT items (attach statement) a Tax-exempt interest income Other tax-exempt income c Nondeductile expenses d Distriutions (attach statement if required) (see instructions) e KINARA GRAPHICS INC -000 Repayment of loans from shareholders a c d e f g c d e f g h i j k l m a c d e f a c d e,0,000

4 0//0 :0 PM Page Schedule K Shareholders' Pro Rata Share Items (continued) Total amount Income/loss reconciliation. Comine the amounts on lines through 0 in the far right column. From the result, sutract the sum of the amounts on lines through d and l Schedule L Balance Sheets per Books Beginning of tax year a 9 0a a a 9 0 Other Information Reconciliation a KINARA GRAPHICS INC -000 Investment income Investment expenses c Dividend distriutions paid from accumulated earnings and profits d Other items and amounts (attach statement) Accounts payale Mortgages, notes, onds payale in less than year Other current liailities (attach statement) Loans from shareholders Mortgages, notes, onds payale in year or more Other liailities (attach statement) Capital stock Additional paid-in capital Retained earnings Adjustments to shareholders' equity (attach statement) Less cost of treasury stock Total liailities and shareholders' equity..... End of tax year Assets (a) () (c) (d) Cash Trade notes and accounts receivale Less allowance for ad dets Inventories U.S. government oligations Tax-exempt securities (see instructions).... Other current assets (attach statement) Loans to shareholders Mortgage and real estate loans Other investments (attach statement) Buildings and other depreciale assets..... Less accumulated depreciation Depletale assets Less accumulated depletion Land (net of any amortization) Intangile assets (amortizale only) Less accumulated amortization Other assets (attach statement) Total assets Liailities and Shareholders' Equity ( a c )

5 0//0 :0 PM Schedule M- KINARA GRAPHICS INC -000 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note: The corporation may e required to file Schedule M- (see instructions) Net income (loss) per ooks Income included on Schedule K, lines,, c,, a,,, a, 9, and 0, not recorded on ooks this a Income recorded on ooks this year not included on Schedule K, lines through 0 (itemize): Tax-exempt interest $ Page year (itemize) Expenses recorded on ooks this year not Deductions included on Schedule K, a Depreciation $ a Depreciation $ Travel and entertainment $ Add lines and Add lines through Income (loss) (Schedule K, line ). Line less line Schedule M- Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders' Undistriuted Taxale Income Previously Taxed (see instructions) included on Schedule K, lines through and l (itemize): Balance at eginning of tax year Ordinary income from page, line Other additions Loss from page, line STMT Other reductions Comine lines through Distriutions other than dividend distriutions Balance at end of tax year. Sutract line from line ( ( (a) Accumulated adjustments account -,,0 lines through and l, not charged against ook income this year (itemize): ),0 0, 0, 0 )( () Other adjustments account ) (c) Shareholders' undistriuted taxale income previously taxed

6 0//0 :0 PM Form 9a -A (Rev. Decemer 0) Department of the Treasury Internal Revenue Service Name c d e f Inventory at eginning of year Purchases Cost of laor Additional section A costs (attach schedule) Other costs (attach schedule) Total. Add lines through Inventory at end of year Cost of goods sold. Sutract line from line. Enter here and on Form 0, page, line or the appropriate line of your tax return (see instructions) Check all methods used for valuing closing inventory: (i) (ii) (iii) Cost Lower of cost or market Cost of Goods Sold Attach to Form 0, 0-C, 0-F, 0S, 0, or 0-B. Information aout Form -A and its instructions is at Other (Specify method used and attach explanation.) Check if there was a writedown of sunormal goods Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 90) If the LIFO inventory method was used for this tax year, enter the amount of closing inventory computed under LIFO Employer identification numer KINARA GRAPHICS INC -000 If property is produced or acquired for resale, do the rules of section A apply to the entity (see instructions)? Was there any change in determining quantities, cost, or valuations etween opening and closing inventory? If "Yes," attach explanation d OMB No. - Yes Yes,9,9,9 No No For Paperwork Reduction Act Notice, see instructions. Form -A (Rev. -0)