18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 1 of 7 WHITLEY PENN, LLP Gary A. Scarborough 3600 N. Capital of Texas Hwy Bldg B, Suite 250 Austin, TX 78746 Accountant to the Chapter 11 Trustee UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK -----------------------------------------------------------------X : In re: : Chapter 11 : FIRESTAR DIAMOND, INC., et al. : Case No. 18-10509 (SHL) : Debtors. 1 : (Jointly Administered) : -----------------------------------------------------------------X FIRST MONTHLY STATEMENT OF FEES AND EXPENSES OF WHITLEY PENN, LLP, AS ACCOUNTANT PURSUANT TO BANKRUPTCY CODE SECTIONS 330 AND 331 FOR PROFESSIONAL SERVICES RENDERED THROUGH JANUARY 31, 2019 Name of Applicant: Authorized to Provide Professional Services to: WHITLEY PENN, LLP Richard Levin, Trustee Effective Date of Retention: November 7, 2018 Period for Which Compensation November 14, 2018 through January 31, 2019 and Reimbursement is Sought: ( Statement Period ) Objection Deadline: March 6, 2019 1 The Debtors and the last four digits of their respective taxpayer identification numbers are as follows: Firestar Diamond, Inc. (2729), Fantasy, Inc. (1673), and Old AJ, Inc. f/k/a A. Jaffe, Inc. (4756).
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 2 of 7 Compensation Sought as Actual, Reasonable and Necessary for Statement Period for Firestar Diamond, Inc. & Fantasy, Inc.: $ 36,349.50 Reasonable and Necessary for Statement Period for A. Jaffe, Inc.: $ 33,570.75 Reasonable and Necessary for Statement Period for all debtors: $ 69,920.25 Reimbursement of Expenses Sought as Actual, Reasonable and Necessary for Statement Period for all debtors: $168.00 Compensation Payable After Objection $55,936.20 Deadline (80%): Reimbursement of Expenses Payable $168.00 After Objection Deadline (100%)
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 3 of 7 TIME SUMMARY BY PROFESSIONAL For professional services rendered through January 31, 2019 Firestar Diamond, Inc. and Fantasy, Inc. Name Position Hours Hourly Rate Total Compensation Gary A. Scarborough Tax Partner 25.35 $385/hour $9,759.75 Trey Cook Sr. Tax Manager 24.15 $265/hour $6,399.75 Steven Chesser Tax Senior 55.75 $200/hour $11,150.00 Emily Kaiser Tax Staff 53.50 $150/hour $8,025.00 Reanne Perley Senior Accountant 4.00 $120/hour $480.00 Charlene Kennedy Margaret Miller Staff Accountant Administrative Assistant 3.50 $110/hour $385.00 1.5 $75/hour $150.00 A. Jaffe, Inc. Name Position Hours Hourly Rate Total Compensation Gary A. Scarborough Tax Partner 26.25 $385/hour $10,106.25 Trey Cook Sr. Tax Manager 16.60 $265/hour $4,399.00 Steven Chesser Tax Senior 42.75 $200/hour $8,550.00 Sarah Fumagalli Tax Staff 68.77 $150/hour $10,315.50 Margaret Miller Administrative Assistant 2.00 $75/hour $200.00
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 4 of 7 TIME SUMMARY BY CATEGORY/COMPANY For the Period of December 1, 2018 through December 31, 2018 Billing Category/Company Hours Hourly Rate Total Compensation Firestar Diamond, Inc. and Fantasy, Inc. 167.75 Mixed $36,349.50 A. Jaffe, Inc. 156.37 Mixed $33,570.75
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 5 of 7 Attached hereto as Exhibit A and Exhibit B are contemporaneously maintained time entries for each individual providing services for the Statement Period. In accordance with the Order Pursuant to Sections 105(a) and 331 of the Bankruptcy Code, Bankruptcy Rule 2016 and Local Rule 2016-1 Establishing Procedures for Monthly Compensation and Reimbursement of Expenses of Professionals, dated March 29, 2018 (the Interim Compensation Order ) [Docket No. 82], Whitley Penn, LLP ( WP ) hereby submits this first monthly fee statement (the First Monthly Fee Statement ), seeking compensation for services rendered incurred as Accountant to the Trustee, for the period from November 14, 2018 through January 31, 2019. By this First Monthly Fee Statement, WP seeks payment in the amount of $55,936.20, which is comprised of eighty percent (80%) of the total amount of compensation sought for actual and necessary services rendered during the Statement Period. NOTICE AND OBJECTION PROCEDURES Notice of this First Monthly Fee Statement shall be given by email or hand or overnight delivery upon: (a) the Debtors, 592 5th Avenue, 3rd Floor, New York, New York 10036, attn.: Mark Samson, Chief Restructuring Officer; (b) the Debtors counsel, Klestadt Winters Jureller Southard & Stevens, LLP, 200 West 41st Street, 17th Floor, New York, New York 10018, attn.: Ian R. Winters and Joseph C. Corneau, and Forchelli Deegan Terrana LLP, 333 Earle Ovington Blvd., Suite 1010, Uniondale, New York 11553, attn.: Gerard R. Luckman; (c) counsel to Israel Discount Bank of New York, Troutman Sanders LLP, 875 Third Avenue, New York, New York 10022 attn.: Brett D. Goodman and Troutman Sanders LLP, 600 Peachtree Street, NE., Suite 3000, Atlanta, Georgia
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 6 of 7 30308 attn.: Harris B. Winsberg and Matthew R. Brooks; (d) counsel to HSBC Bank USA, LLC, Allen & Overy LLP, 1221 Avenue of the Americas, New York, New York 10020, attn.: Ken Coleman; (e) counsel to any Official Committee of Unsecured Creditors appointed in the Chapter II Cases (the Committee ), if one is appointed; (f) counsel for Richard Levin, Esq., Jenner & Block LLP, 919 Third Avenue, New York, New York 10022-3908, attn: Marc Hankin; and (g) the Office of the United States Trustee, 201 Varick Street, Suite 1006, New York, New York 10014, attn.: Richard Morrissey (each a Notice Party and collectively, the Notice Parties ). Objections to this First Monthly Fee Statement, if any, must be served upon the Notice Parties, and by hand or overnight delivery upon Whitley Penn, LLP, 3600 N. Capital of Texas Hwy, Bldg. B., Suite 250, Austin, Texas 78746, Attn: Gary Scarborough, no later than March 6, 2019 at 4:00 p.m. (Prevailing Eastern Time) (the Objection Deadline ), setting forth the nature of the objection and the specific amount of fees or expenses at issue. If no objections to this First Monthly Fee Statement are received by the Objection Deadline, the Trustee shall promptly pay WP 80% of the fees identified in this First Monthly Fee Statement. To the extent that an objection to the First Monthly Fee Statement is received on or before the Objection Deadline, the Trustee shall withhold payment of that portion of this First Monthly Fee Statement to which the objection is directed and promptly pay the remainder of the fees and expenses in the percentages set forth above. To the extent
18-10509-shl Doc 709 Filed 02/19/19 Entered 02/19/19 16:25:50 Main Document Pg 7 of 7 such an objection is not resolved, it shall be preserved and scheduled for consideration at the next interim fee application hearing. RESERVATION OF RIGHTS WP reserves the right to amend the fees and expense reimbursement sought herein in the event that a subsequent review of WP s records reveals that additional professional services were rendered or expenses incurred which were not processed in advance of this First Monthly Fee Statement. In the event such amendments are required, WP reserves the right to seek such additional fees or expenses in any subsequent fee applications or monthly fee statements. Dated: Austin, Texas February 19, 2019 Whitley Penn, LLP By: Gary A. Scarborough 3600 N. Capital of Texas Hwy Bldg B, Suite 250 Austin TX 78746 Telephone: (737) 931-8212 Email: gary.scarborough@whitleypenn.com Accountant to the Chapter 11 Trustee
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Pg 1 of 7 EXHIBIT A
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Pg 2 of 7 Pay Online: whitleypenn.com/makeapayment Firestar Diamond Inc. Attn: Richard Levin, Chapter 11 Trustee 919 3rd Ave New York, NY 10022 February 18, 2019 Invoice: 369408 Client: 706856.08 Professional services rendered through January 31, 2019: Corporate 11/14/2018 1120 Preparation Review of prior year tax returns and planning for tax preparation. Cook, T 0.50 $265.00 $ 132.50 11/15/2018 1120 Preparation Gathered information request. Chesser 2.00 $200.00 400.01 11/16/2018 1120 Preparation Review trial balance and work on adjusting journal entries. Kennedy 1.00 $110.00 110.00 11/19/2018 1120 Preparation Review trial balance and work on adjusting journal entries. Kennedy 2.50 $110.00 275.00 11/20/2018 1120 Preparation Teleconference with law firm related to additional information needed to complete tax returns. Cook, T 0.25 $265.00 66.25 12/12/2018 1120 Preparation Preparation of tax return. Chesser 2.00 $200.00 400.01 12/14/2018 1120 Preparation Set up tax binder; import trial balance; add received workpapers to binder - Firestar Diamond. 12/14/2018 1120 Preparation Set up tax binder; Import trial balance; Add received workpapers to binder for Firestar Diamond, Inc.
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Whitley Penn LLP Pg 3 of 7 Firestar Diamond Inc. Invoice No. 369408 Page 2 12/17/2018 1120 Preparation Continue work on tax return and accounting matters. Scarborough 0.50 $385.00 192.50 12/17/2018 1120 Preparation Prepare and update intercompany loan schdule 12/18/2018 1120 Preparation Work on tax return and related accouting adjustments. Scarborough 1.50 $385.00 577.51 12/18/2018 1120 Preparation Work on tax return, consolidating tax adjustments and IRC Section 263A calculation. Scarborough 0.75 $385.00 288.75 12/18/2018 1120 Preparation Review debtor entity trial balance; Prepare open item questions. 12/18/2018 1120 Preparation Teleconference with Gary, Alvarez & Marsal related to remaining workpapers required to complete tax return. Chesser 1.50 $200.00 300.00 12/19/2018 1120 Preparation Reviewed prior year Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) filed; Researched filing requirement for current year. 12/19/2018 1120 Preparation Updated tax binder with new workpapers and correspondance. Chesser 0.50 $200.00 100.00 12/19/2018 1120 Preparation Updated tax binder with new workpapers and correspondance. Chesser 0.75 $200.00 150.00 12/28/2018 1120 Preparation Federal tax return preparation. Kaiser 8.00 $150.00 1,200.02 01/02/2019 1120 Preparation Work on accounting and tax matters. Work on tax return. Scarborough 1.25 $385.00 481.26 01/02/2019 1120 Preparation Work on tax return matters and state allocations. Cook, T 0.60 $265.00 159.00 01/03/2019 1120 Preparation Federal tax return preparation. Kaiser 4.50 $150.00 675.01
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Whitley Penn LLP Pg 4 of 7 Firestar Diamond Inc. Invoice No. 369408 Page 3 01/04/2019 1120 Preparation Federal tax return preparation. Kaiser 5.50 $150.00 825.01 01/06/2019 1120 Preparation Work regarding additional IRC Section 263A costs for Fantasy Inc. Kaiser 4.00 $150.00 600.01 01/06/2019 1120 Preparation Work on Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) matters. Scarborough 0.70 $385.00 269.50 01/07/2019 1120 Preparation Federal tax return preparation. Kaiser 4.00 $150.00 600.01 01/07/2019 1120 Preparation Work on federal and state tax return preparation. Cook, T 1.80 $265.00 477.01 01/08/2019 1120 Preparation Federal tax return preparation. Kaiser 10.00 $150.00 1,500.02 01/08/2019 1120 Preparation Work on federal and state tax return preparation. Cook, T 0.60 $265.00 159.00 01/08/2019 1120 Preparation Work on federal and state tax return preparation. Cook, T 2.40 $265.00 636.01 01/09/2019 1120 Preparation Work on U.S. Corporation Income Tax Return (Form 1120) and state returns. Scarborough 0.85 $385.00 327.25 01/09/2019 1120 Preparation Continue work on tax return input and reconiling trial balance. Kaiser 10.00 $150.00 1,500.02 01/09/2019 1120 Preparation Work on federal and state returns Cook, T 3.00 $265.00 795.01 01/10/2019 1120 Preparation Work on tax return matters related to Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) and IRC Section 263A. Scarborough 1.15 $385.00 442.76
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Whitley Penn LLP Pg 5 of 7 Firestar Diamond Inc. Invoice No. 369408 Page 4 01/10/2019 1120 Preparation Work on tax return and adjusting journal entries. Perley, Sr 4.00 $120.00 480.01 01/10/2019 1120 Preparation Continue work on preparation of federal returns. Kaiser 7.50 $150.00 1,125.02 01/10/2019 1120 Preparation Work on federal and state returns. Cook, T 1.20 $265.00 318.00 01/11/2019 1120 Preparation Work on tax return matters related to Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) and IRC Section 263A. Scarborough 2.65 $385.00 1,020.26 01/11/2019 1120 Preparation Review federal tax return, workpapers and changes to various workpapers for Fantasy, Inc. 01/12/2019 1120 Preparation Review federal tax return, workpapers and changes to various workpapers - Fantasy Chesser 6.00 $200.00 1,200.02 01/12/2019 1120 Preparation Review federal tax return, workpapers and changes to various workpapers for Fantasy, Inc. Cook, T 3.00 $265.00 795.01 01/13/2019 1120 Preparation Work on tax return matters related to Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) and IRC Section 263A. Scarborough 2.65 $385.00 1,020.26 01/13/2019 1120 Preparation Review federal tax return and workpapers; prepare various workpapers for Firestar Diamond, Inc. Chesser 5.00 $200.00 1,000.01 01/13/2019 1120 Preparation Prepare tax return for federal consoldiated filing; clear diagnostics for Firestar Diamond, Inc. Chesser 5.00 $200.00 1,000.01 01/13/2019 1120 Preparation Update tax return for e-filing; Clear diagnostics for Fantasy, Inc. Chesser 4.00 $200.00 800.01
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Whitley Penn LLP Pg 6 of 7 Firestar Diamond Inc. Invoice No. 369408 Page 5 01/13/2019 1120 Preparation Review federal and states. Cook, T 4.20 $265.00 1,113.02 01/14/2019 1120 Preparation Review federal and state returns. Scarborough 1.15 $385.00 442.76 01/14/2019 State Corporation Prep Review state returns. Scarborough 5.75 $385.00 2,213.78 01/14/2019 1120 Preparation Review state tax return and workpapers; Prepare various workpapers for Firestar Diamond, Inc. Chesser 6.00 $200.00 1,200.02 01/14/2019 1120 Preparation Prepare tax return for state consoldiated filing; Clear diagnostics for Firestar Diamond, Inc. Chesser 6.00 $200.00 1,200.02 01/14/2019 1120 Preparation Clear review notes for Firestar Diamond, Inc. Chesser 3.00 $200.00 600.01 01/14/2019 State Corporation Prep Review Firestar Diamond, Inc. states. Cook, T 4.80 $265.00 1,272.02 01/15/2019 1120 Preparation Federal and states. Scarborough 4.00 $385.00 1,540.02 01/15/2019 1120 Preparation Clear final review notes, update and sign off on project workflow, clear e-file diagnostics and prepare various paper filed state returns Chesser 8.00 $200.00 1,600.02 01/15/2019 1120 Preparation Process, deliver, e-file, and mail certified federal and state returns. Miller, M 1.50 $100.00 150.00 01/15/2019 1120 Preparation Sign tax returns. Scarborough 0.30 $385.00 115.50 01/15/2019 State Corporation Prep Review Firestar Diamond, Inc. states. Cook, T 1.80 $265.00 477.01
18-10509-shl Doc 709-1 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit A Whitley Penn LLP Pg 7 of 7 Firestar Diamond Inc. Invoice No. 369408 Page 6 01/16/2019 State Corporation Prep NY state e-file issue. Scarborough 0.50 $385.00 192.53 Technology Fee 11/16/2018 Tech Fee - State Corp-$60 Miller, M $60.00 60.00 35,714.75 60.00 Consulting - Tax 11/16/2018 Tax Consulting Review and changes to initial information request. Scarborough 0.75 $385.00 288.75 11/29/2018 Tax Consulting Work on tax reporting matters related to missing information. Scarborough 0.50 $385.00 192.50 12/07/2018 Tax Consulting Work on updated information request and correspondence with Marks Paneth and Alvarenz & Marsal related to the same. Scarborough 0.40 $385.00 154.00 Client Expenses - AP 01/31/2019 Monthly Postage Expense Postage Miller,M 24.00 635.25 24.00 Current Amount 36,434.00 Prior Balance as of 01/01/2019 0.00 Total Amount Due $ 36,434.00 0-30 31-60 61-90 91-120 Over 120 Balance 36,434.00 0.00 0.00 0.00 0.00 36,434.00 Our office has moved, please update your records with our new address Late fees applied on past due balances DUE UPON RECEIPT Please include invoice number with remittance Remittance Address: 640 Taylor Street, Suite 2200 Fort Worth,Texas 76102 wpbilling@whitleypenn.com 817.259.9798
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Pg 1 of 6 EXHIBIT B
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Pg 2 of 6 Pay Online: whitleypenn.com/makeapayment A. Jaffe, Inc. Attn: Richard Levin, Chapter 11 Trustee 919 3rd Ave New York, NY 10022 February 18, 2019 Invoice: 369374 Client: 706856.07 Professional services rendered through January 31, 2019: Corporate 11/14/2018 1120 Preparation Begin work on tax return preparation and initial information request. Cook, T 0.50 $265.00 $ 132.50 11/20/2018 1120 Preparation Teleconference with law firm related to additional information needed to complete tax returns. Cook, T 0.25 $265.00 66.25 11/28/2018 1120 Preparation Review of prior year tax returns and begin planning for tax return preparation. Scarborough 0.35 $385.00 134.75 12/14/2018 1120 Preparation Work on tax return preparation, set up tax binder, import trial balance, add received workpapers to binder. 12/17/2018 1120 Preparation Continue work on tax return and accounting matters. Scarborough 0.50 $385.00 192.50 12/17/2018 1120 Preparation Prepare and update intercompany loan schdule. 12/18/2018 1120 Preparation Work on tax return and related adjustments. Scarborough 1.50 $385.00 577.50 12/18/2018 1120 Preparation Work on tax return, consolidating tax adjustments and IRC Section 263A calculation. Scarborough 0.75 $385.00 288.75
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Whitley Penn LLP Pg 3 of 6 A. Jaffe, Inc. Invoice No. 369374 Page 2 12/18/2018 1120 Preparation Work on tax return, review debtor entity trial balance; Prepared open item questions. 12/18/2018 1120 Preparation Teleconference with Gary, Alvarez & Marsal; Discussed remaining workpapers required to complete tax return. Chesser 1.50 $200.00 300.00 12/19/2018 1120 Preparation Work on tax return reporting and state tax return allocations. Scarborough 0.70 $385.00 269.50 12/19/2018 1120 Preparation Reviewed prior year forms Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) filed; Research filing requirement for current year; Discussed filign with Brian Mitchell. 12/19/2018 1120 Preparation Review Section IRC Section 263A calculation. 12/19/2018 1120 Preparation Update tax binder with new workpapers and correspondance. Chesser 0.75 $200.00 150.00 12/27/2018 1120 Preparation Going through client provided information; Created basics of tax return; Grouping trial balance accounts in accoutning software so a reconciliation to the tax return can be done; Beginning to input financial information into the tax return. Fumagalli 7.00 $150.00 1,050.01 12/28/2018 1120 Preparation Inputting financial information into the tax return, while reconciling to the financials in the accounting software Fumagalli 3.25 $150.00 487.50 12/29/2018 1120 Preparation Inputting financial information into the tax return, while reconciling to the financials in the accounting software; Filing out the necessary schedule information into the tax return. Fumagalli 6.25 $150.00 937.51 12/30/2018 1120 Preparation Tying out the tax return to the financials in the accounting software; Adjusted groupings in financial to more accurately match the tax return; Began to add fixed asset information into the tax return. Fumagalli 7.25 $150.00 1,087.51
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Whitley Penn LLP Pg 4 of 6 A. Jaffe, Inc. Invoice No. 369374 Page 3 12/31/2018 1120 Preparation Finishing inputting fixed asset detail from 2016 tax return; Inputting detail for every 5472 form; Created IRC Section 263A adjustment to add to the accounting software. Fumagalli 9.00 $150.00 1,350.01 01/02/2019 1120 Preparation Work on accounting and tax matters. Work on tax return. Scarborough 1.25 $385.00 481.25 01/02/2019 1120 Preparation Finishing IRC Section 263A adjustment; Created tax journal entries in the accounting software; Updating the tax return and reconciling with the finances in the accounting software; Going through the previous year's return to tie up any loose ends and schedule information that was not previously input. Fumagalli 4.50 $150.00 675.01 01/02/2019 State Corporation Prep Working on California, Florida, Hawaii, Illinois, Kentucky, Massachusetts, Maryland, Michigan, Minnesota, New Jersey, Pennsylvania, and Utah state corporation related returns; Setting up the returns and going through each state to tie out basic client information; Starting to create an apportionment calculation and related workpapers. Fumagalli 5.00 $150.00 750.01 01/02/2019 1120 Preparation Work on the preparation and review of federal tax return. Cook, T 0.40 $265.00 106.00 01/03/2019 State Corporation Prep Finishing preparing the twelve (12) state corporation tax returns and inputting necessary apportionment information into the tax return. Fumagalli 5.00 $150.00 750.01 01/03/2019 1120 Preparation Subsidiary reporting on consolidated return; Inputting information into the tax return. Fumagalli 0.25 $150.00 37.50 01/06/2019 1120 Preparation Work on Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) 5472 matters. Scarborough 0.70 $385.00 269.50 01/07/2019 1120 Preparation Worked on retained earnings roll forward matters. Scarborough 0.85 $385.00 327.25
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Whitley Penn LLP Pg 5 of 6 A. Jaffe, Inc. Invoice No. 369374 Page 4 01/07/2019 1120 Preparation Reviewed federal tax return and workpapers; Prepared various workpapers. Chesser 8.00 $200.00 1,600.01 01/07/2019 1120 Preparation Work on the preparation of the federal tax return. Cook, T 1.20 $265.00 318.00 01/08/2019 1120 Preparation Review federal tax return and workpapers; Prepared various workpapers. Chesser 8.00 $200.00 1,600.01 01/08/2019 1120 Preparation Subsidiary reporting on consolidated return; Inputting information and reconciling to accounting software. Fumagalli 4.77 $150.00 715.51 01/08/2019 State Corporation Prep Subsidiary reporting on consolidated return. Adding and setting up new information for the subsidiary. Fumagalli 0.50 $150.00 75.00 01/08/2019 1120 Preparation Work on the preparation of the federal tax return. Fumagalli 0.25 $150.00 37.50 01/08/2019 1120 Preparation Preparation of federal tax return and review of workpapers. Cook, T 0.40 $265.00 106.00 01/08/2019 1120 Preparation Preparation of federal tax return and review of workpapers. Cook, T 1.60 $265.00 424.00 01/09/2019 1120 Preparation Work on U.S. Corporation Income Tax Return (Form 1120) and state returns. Scarborough 0.85 $385.00 327.25 01/09/2019 State Corporation Prep Clearing tax return and wokrpaper corrections given by the reviewer. Fumagalli 3.75 $150.00 562.50 01/09/2019 1120 Preparation Review of federal and state returns. Cook, T 2.00 $265.00 530.00 01/10/2019 1120 Preparation Reviewed and prepared consolidation workpapers; Researched general ledger for intercompany transactions. Chesser 2.50 $200.00 500.00
18-10509-shl Doc 709-2 Filed 02/19/19 Entered 02/19/19 16:25:50 Exhibit B Whitley Penn LLP Pg 6 of 6 A. Jaffe, Inc. Invoice No. 369374 Page 5 01/10/2019 1120 Preparation Work on tax return matters related to Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S.Trade or Business (Form 5472) and IRC Section 263A. Scarborough 1.15 $385.00 442.75 01/10/2019 1120 Preparation Subsidiary reporting on consolidated return; Reconciled information between the tax return and the accounting software. Fumagalli 5.20 $150.00 780.01 01/10/2019 1120 Preparation Review of federal and state returns. Cook, T 0.80 $265.00 212.00 01/11/2019 1120 Preparation Work on tax return matters. Scarborough 2.65 $385.00 1,020.26 01/11/2019 1120 Preparation Review federal tax return and workpapers; Prepared various workpapers. Chesser 5.00 $200.00 1,000.01 01/11/2019 1120 Preparation Working on subsidiary reporting on consolidated return; Working with the reviewer through questions regarding the tax return. Fumagalli 2.55 $150.00 382.50 01/11/2019 1120 Preparation Working on consolidating the tax return; Consolidated all of the financials in the accounting software; Reconciliation of numbers between the accounting software and the tax return. Making adjustments as the process goes along. Fumagalli 4.25 $150.00 637.50 01/11/2019 1120 Preparation Assist staff with tax return entry. Cook, T 0.25 $265.00 66.25 01/12/2019 1120 Preparation Prepared tax return for consoldiated filing and clear diagnostics. Chesser 4.00 $200.00 800.01 01/12/2019 1120 Preparation Updated tax return for e-filing and clear diagnostics. Chesser 4.00 $200.00 800.01 01/12/2019 1120 Preparation Reviewed A. Jaffe, Inc. Cook, T 2.00 $265.00 530.00 01/13/2019 1120 Preparation Reviewed federal and state returns. Scarborough 1.50 $385.00 577.50