Priorities First, Inc. Corporation/Partnership Preparation Checklist

1. Priorities First, Inc.Corporation/Partnership Preparation Checklist We look forward to completing your Business Tax return. The list provided below will assist you in gathering the documents needed in order to prepare your return. Please provide photo copies, you may email information to: taxes@priorities1st.com. General Information Full Name of Business (with any dba) Address Federal ID#: EIN (Employer Identification Number) State Withholding ID# (if any) State Unemployment ID# (DOL#) Certificate and Articles of Incorporation Form 2553 “S” Corp Election and acknowledgement received from the IRS (if applicable) Type of Business Names, address, SS# and percentage of stocks/membership interest of all stockholders/partners/members For Clients whom Priorities First processes Financial Statements List of personal expenses paid for business (Summarize this in detail) Payroll Summary Reports (if we do not process payroll and payroll taxes) Check Stubs Bank Statements & returned checks(if not on file) Credit Card Statements (if not on file) Loan details from Bank (detailing the interest and principal paid) Any other details (List in as much detail) For Clients who process their Financial Statements in house with a software • Backup copy of the company’s file if using Quick Books • If using other software(Other than Quickbooks), please provide a copy of the Profit & Loss, Balance Sheet, General Ledger and Bank Reconciliation) • If using excel, provide the excel spreadsheet • Bank Statements & Returned checks • Loan details from bank (detailing the interest and principal paid) • Payroll summary reports (if we do not process payroll and payroll taxes) • Sales Tax returns (if we do not process sales tax returns – Applies to retail clients only) Other Documentation • If the previous year’s corporate tax returns were not prepared by our firm, we will need a copy of last year’s tax returns • Copies of prior years business personal property taxes • Loan closing documents for business and real estate if any (For purchase or sale transactions - equipment) • Copies of other documents received such as 1099s, Bank interest/dividend, stock transactions, bank interest payments on loans • Copies of closing documents on new property/loans/refinance if applicable • Copies of any new minutes indicating changes in ownership (if there is any ownership change, please also provide the Names, address, SS# and percentage of stocks/membership interest of all new stockholders/partners/members and date they bought into the company). Once you have all items that apply, please read and sign page 2