TaxLogic - Partnership Questionnaire

PARTNERSHIP QUESTIONNAIRE

Contact Name : Contact Email :
Contact Phone : Best Time to Call :
 
 
Todays date : Business code :
Federal ID # :            State ID number :
Prepared last year : Was partnership in
business at the year's end :
Name of Partnership :
D/B/A :
Address :
City :
State :
Zip Code :
Phone (work) : Phone (home) :
Date Business Began : # of Partners :
New Partnership : Fiscal Year Ending :
Final Return : Amended :
Accounting Method : Inventory Valuation :

ANSWER THE FOLLOWING QUESTIONS ACCURATELY
J) Is this partnership a limited partnership :
K) Is this partnership a partner in another partnership :
L) Are any partners in this partnership also partnerships :
M)    Does partnership meet all requirements of short filing :
N) Was there a distribution of property or a transfer of a partnership interest during the tax year :
O) At any time during the tax year did the partnership have an interest in, or a signature or other authority over a bank account, securities account or other financial account in a foreign country :
P) Was the partnership the grantor of, or transferor to, a foreign trust which existed during the current year, whether or not the partnership had an interest in it :
Q) Business Activity :
Product or service :
R) Was this partnership in operation at the end of tax year :
S) Number of months in operation during tax year :

SHORT FORM FILING REQUIREMENTS

1)    Partnership principal income is from
 
  - co owned investment property :    
  - family owned wholesale/retail store :  
  - wholesale, retail, service < $250,000 :  
2) There are 10 or fewer partners :  
3) Domestic partnership composed entirely of non corporate general partners :  
4) The partnership is not in partnership with another partnership :  
5) Each partners interest in capital is the same as profits :  
6) All income, deductions and credit is allocated in proportion to that partners pro rata interest :  
7) Schedule K 1 are filed with the return and furnished to partners on or before the due date of the return, including extensions :  

1st Partner
Full Name :            Social Security # :
Address : City :
State : Zip Code :
% Stock Owned :
% Time to business : Wages :
2nd Partner
Full Name :            Social Security # :
Address : City :
State : Zip Code :
% Stock Owned :
% Time to business : Wages :
3rd Partner
Full Name :            Social Security # :
Address : City :
State : Zip Code :
% Stock Owned :
% Time to business : Wages :
4th Partner
Full Name :            Social Security # :
Address : City :
State : Zip Code :
% Stock Owned :
% Time to business : Wages :
 

CAPITAL ACCOUNT RECONCILIATION

   
Partner 1
Partner 2
Partner 3
Partner 4
Capital account begin
:
:
:
:
Profit / loss
:
:
:
:
Capital contributed
:
:
:
:
Withdrawls
:
:
:
:
Capital account ending
:
:
:
:

RECONCILIATION OF CAPITAL ACCOUNT

        
Additions
        
Deductions
Net profit or loss
:
:
Current section 179 deduction
:
Guaranteed payments
:
Dividends and/or interest
:
Net profit or loss from - rental
:
:
Sale of assets - gain only
:
Casualty gain or loss
:
:
Charitable contributions
:
Withdrawls / distributions
:
Capital contributed during the year
:
Capital account at beginning of year
:
:
Total additions and deductions
:
:
Capital account at the end of year
:

Assets Aquired                  
Date acquired : Desc. : Cost : Sec 179 :
Date acquired : Desc. : Cost : Sec 179 :
Date acquired : Desc. : Cost : Sec 179 :
Date acquired : Desc. : Cost : Sec 179 :
Date acquired : Desc. : Cost : Sec 179 :

Assets Disposed            
Date sold : Desc. : Cost :
Date sold : Desc. : Cost :
Date sold : Desc. : Cost :
Date sold : Desc. : Cost :
      
Payment Details :
Name on Credit Card :           
Billing Address : Billing City :
Billing State : Billing Zip :
Credit Card # : Exp Date :
 



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