PPC Library Template Report

1120S Deskbook (10/10) (20101001) (top)

Template Name T2S-E101: Electing S Corporation Status T2S-E102: Extending the Time to Submit Omitted Shareholder's Consent to S Election T2S-E103: Extending the Time to Obtain Shareholder’s Consent to S Election T2S-E104: Obtaining IRS Waiver of the Effects of an Invalid or Late S Election T2S-E105: Reelecting S Status within Five Years of Terminating an S Election T2S-E106: Treating a Qualified Subchapter S Trust (QSST) as a Permitted Shareholder T2S-E107: Refusing to Consent to a Qualified Subchapter S Trust (QSST) Election T2S-E108: Revoking a Qualified Subchapter S Trust (QSST) Election T2S-E109: Electing Small Business Trust (EBST) Treated as a Permitted Shareholder T2S-E110: Treating a Subsidiary as a Qualified Subchapter S Subsidiary (QSub) T2S-E111: Obtaining IRS Waiver of Effects for Late Shareholder Consents in Community Property States T2S-E201: Transferor's and Transferee's Disclosure Statements in a Tax-free Incorporation T2S-E202: Deducting and Amortizing Organizational Expenditures T2S-E203: Deducting and Amortizing Start-up Expenditures T2S-E204: Electing to Capitalize Start-up Expenses T2S-E301: Receipt of Restricted Property Treated as Current Compensation T2S-E401: Expensing Depreciable Property (Section 179) T2S-E402: Electing the Alternative Minimum Tax (AMT) Depreciation Method for Regular Tax T2S-E403: Adopting the Alternative Depreciation System (ADS) for Regular Tax T2S-E404: Electing Out of MACRS Depreciation T2S-E405: Using Straight-line in Lieu of MACRS Depreciation T2S-E406: Correcting Prior Years' Depreciation and Amortization Deductions T2S-E501: Reducing Basis by Items of Loss or Deduction before Nondeductible Expenses and Certain Oil and Gas Depletion T2S-E601: Electing to Bypass AAA T2S-E602: Forgoing Previously Taxed Income T2S-E603: Distributing a Deemed Dividend T2S-E604: Treating Distributions as Dividends during the Post-termination Transition Period T2S-E701: Section 59(e) Optional Amortization for Certain AMT Preferences T2S-E801: Aggregating Passive Activities T2S-E802: Electing to Adjust Basis for Unused Passive Activity Credits T2S-E803: Electing Out of the Self-charged Interest Rules T2S-E804: Treating All Interests in Rental Real Estate Activities as a Single Activity T2S-E901: Applying Specific Accounting Rules upon Termination of a Shareholder's Entire Interest T2S-E902: Applying Specific Accounting Rules upon a Qualifying Stock Disposition T2S-E903: Waiving Family Stock Ownership Attribution Rules and Consenting to Notify the IRS of Any Stock Acquisition Subsequent to Redemption T2S-E904: Recognizing Section 1244 Ordinary Loss on Stock Disposition T2S-E1001: Revoking the S Election T2S-E1002: Notifying the IRS of Termination of S Status T2S-E1003: Election to Determine Short-period Income Based on Specific Accounting T2S-E1004: Statement of Revocation of QSub Election Template Name T2S-E1005: Notification of Termination of QSub Status T2S-E1101: Adopting the Recurring Item Method for Certain Expenses T2S-E1102: Ratable Accrual of Real Property Taxes T2S-E1103: Deferring Gain from Involuntary Conversions T2S-E1104: Deducting Disaster Losses in Previous Tax Year T2S-E1105: To Request Extension of Time for Making an Election T2S-E1106: Deferral of Debt Discharge Income Following Repurchase of Debt T2S-C101: Form 1120S Overall Due Diligence Review Checklist T2S-C102: Long-form 1120S Preparation Checklist T2S-C103: Short-form 1120S Preparation Checklist T2S-C104: Initial Year Checklist--Form 1120S T2S-C105: Final Year Checklist--Form 1120S T2S-C106: Avoiding a Section 6694 Return Preparer Penalty T2S-C107: Checklist for Preparing Forms 8275 and 8275-R T2S-C201: Eligibility to Elect S Status T2S-C202: Straight Debt Safe Harbor Requirements (Shareholder Debt and the Single- class-of-stock Rule) T2S-C203: Structuring Debt Securities to Be Valid Indebtedness T2S-C204: Checklist for Electing S Status T2S-C301: Factors in Establishing a Profit Motive T2S-C302: Factors Indicating Employee-shareholder Reasonable Compensation T2S-C303: Installment Sale Checklist for Form 1120S T2S-C401: Eligibility for Section 1244 Ordinary Loss Treatment T2S-C501: Domestic Production Activities Deduction T2S-W101: Computing Recognized Gain and Distributee Shareholder Basis in a Partially Taxable Incorporation T2S-W201: Gain on Repossession of Real Property and Basis of Repossessed Real Property T2S-W202: Gain on Like-kind Exchanges and Basis of Property Received T2S-W203: Interest Expense Allocation Schedule T2S-W205: Corporate Records Supporting Section 1244 Ordinary Loss Treatment T2S-W206: Tracking M-1 Adjustments (Book-tax Differences) T2S-W301: Section 179 Taxable Income Limitation T2S-W302: Section 179 Carryover Schedule T2S-W303: Depreciation Schedule T2S-W304: Statutory Depletion Carryover Schedule T2S-W305: Oil and Gas Depletion Schedule T2S-W306: Cost Depletion Schedule T2S-W401: Built-in Gains Worksheet (For 2009 and 2010 Tax Years) T2S-W402: Computing the Tax on Excess Net Passive Income T2S-W403: Computing the Tax for Short-period C Return T2S-W404: Computing the Section 444 Required Payment T2S-W501: Calculation of Basis in Stock and Debt T2S-W502: Calculations of Stock Basis, AAA, OAA, PTI, Retained Earnings, and AE&P T2S-W504: Record of Transfers of S Corporation Stock T2S-W505: Accrual to Cash Worksheet for Form 1120S T2S-W506: Cash to Accrual Worksheet for Form 1120S T2S-W601: Worksheet to Calculate Small Employer Health Insurance Credit T2S-R101: Engagement Letter for S Corporation Return Template Name T2S-R102: Transmittal Letter for S Corporation Return (No State Returns Included) T2S-R103: Transmittal Letter for S Corporation Return (State Returns Included) T2S-R104: Transmittal Letter for Schedule K-1 T2S-R105: Filing Instructions for S Corporation Return T2S-R106: Transmittal Letter for S Corporation Tax Organizer (Form 1120S) T2S-R107: S Corporation Tax Organizer (Form 1120S) T2S-R108: Short Form Tax Organizer T2S-R301: New Tax Client Acceptance Form T2S-R302: Tax Client Evaluation (Continuance) Form T2S-R303: Tax Return Fee Estimate Worksheet T2S-R401: Tax Research Request Form T2S-R402: Tax Research Documentation Form T2S-R501: Sample Letter on Health Care Legislation Affecting Businesses T2S-R502: Sample Letter on Small Employer Health Insurance Credit T2S-R503: Important Business Tax Changes in 2010 Small Business Jobs Act