Business Tax - 2022 Tax Return Questionnaire

Are you a Bookkeeping client of Tax Time Services?*

YesNo

Does Tax Time Services have current access to your QuickBooks Online? Please note we no longer can access QuickBooks Desktop Accounts for our clients.

YesNo

Please confirm that your QuickBooks accounts for 2022 are finalized and that you do not intend to make any additional entries or adjustments to the Profit and Loss and Balance Sheet. You also authorize Tax Time Services to pull reports from your 2021 QuickBooks Online to use to prepare your tax return and to lock your 2021 QuickBooks year to ensure it will continue to tie to the tax return.

YesNo

Please upload to your SmartVault Portal a detailed comparative Profit and Loss and Balance Sheet for 2021 and 2022 as an excel file (note we cannot prepare your return with a PDF file).

Did any Shareholders or Officers of the business work in the business and receive compensation in 2022?*

YesNo

Please upload to your SmartVault Portal details of the Officers’ or Shareholders compensation schedule or W2 for 2022, including each Officer or Shareholders name, SSN, amount of compensation, and % ownership in company.

Did the business pay a Shareholder or Officer life insurance premiums during year for a policy that the business is a beneficiary of?*

YesNo

Did the business purchase or dispose of any fixed assets in 2022?*

YesNo

Please upload to your SmartVault Portal a schedule listing out the additions and disposals including date of transaction, amount and asset description.

Did the business have any third party loans in 2022 (excluding credit cards)?*

YesNo

Please upload to your SmartVault Portal statements to support the year end balances of all loans. These statements must show the total interest and principal paid during 2022 and the principal balance remaining at Dec 31, 2022. If a new loan, please upload the loan documentation.

During 2022, did the business have any Non-Shareholder or Partner debt that was canceled, forgiven, or had the terms modified so as to reduce the principal amount of the debt? This would include PPP loans forgiven.*

YesNo

Please upload to your SmartVault Portal documentation to support these tranasctions.

Did the business make any payments in 2022 that would require it to file Form(s) 1099? If unsure, we will call you to discuss.*

YesNoUnsure

Did the business file or will it file the necessary Form(s) 1099?

YesNo

During 2022 did any Shareholders, Partners or Members make any cash or non-cash property contributions to the business during the year or take any cash or non-cash property out of the business?*

YesNo

Please upload to your SmartVault Portal details of the contributions or withdrawals including any cash amounts and/or description of property. If property was contributed please include the amount you originally paid for the property.

Did you sell any stock or interest in the business or add any new Shareholders or Members or Partners in 2022?*

YesNo

Please explain below the changes and dates the changes occurred.

Did the business make any estimated payments of Federal or State income taxes during the year?*

YesNo

Please upload to your SmartVault Portal details of the payments including date(s) and amount(s).

Did the business make any gifts or charitable contributions during the year?*

YesNo

Please upload to your SmartVault Portal details of the payments including, recipient(s), date(s) and amount(s).

Did the business enter into any new retirement plans in 2022? If yes, we will contact you to discuss.*

YesNo

Did the business enter into any transactions using bitcoin or another type of virtual currency in 2022? If yes, we will contact you to discuss.*

YesNo

Did the business apply for the Earned Retention Tax Credit (ERTC) in 2022 for any payroll year and/or did you receive any refunds of the credit. If yes, we will contact you to discuss.*

YesNo

Did the business receive any notices from any taxing authorities in 2022?*

YesNo

Please upload copies of the notices to your SmartVault Portal.

Did the business file any Sales and Use Tax returns in 2022?*

YesNo

Did the business have any foreign bank accounts in 2022 (new or existing)? If yes, we will contact you to discuss.*

YesNo

Did the business file a property rendition report or return for 2022?*

YesNo

Do you give us permission to discuss this return with the IRS, if they contact you or us?*

YesNo

Please include any additional comments below that you think would be helpful for us to know as we prepare your tax returns.