Check List for Business Tax Returns
- Profit and Loss Statement
- Balance Sheet
- Capital expenditures - furniture and fixtures:
Copy of invoice or list including date of purchase, total amount paid,
detail description
- List of officers including name, social security number, title, address,
percentage of ownership, and compensation
- Changes in ownership or ownership percentages
- Percentage of income, capital gains, capital loss distributions to
partners if not the same as ownership.
- Amount of cash or property distribution to each owner
- If profit and loss statement does not have a separate category for
meals and entertainment, need this total. (Includes amount for travel,
business, meetings, etc., does not include amount for travel lodging,
airlines, etc.)
- Information regarding major changes in business transactions:
Type, Method, Payment, Etc.
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