Here's a list of the items we will need:

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1. Financial Statements:
   • Balance sheet
   • Income statement (profit and loss statement)
2. Income Records:
   • Revenue and sales records
   • Invoices and receipts
   • Bank statements
   • Records of income from sources like investments or rental properties
3. Expense Records:
   • Receipts and invoices for expenses
   • Utility bills
   • Rent or lease agreements
   • Payroll records, including salary and wage details
   • Employee benefit records
4. Deductions and Credits:
   • Documentation for deductions, such as business expenses, depreciation, and interest payments
   • Records supporting tax credits, if applicable
5. Asset Information:
   • Documentation for the purchase, sale, or disposal of business assets
   • Depreciation schedules
6. Business Structure and Ownership:
   • Information about the legal structure of the business (e.g., sole proprietorship, partnership, corporation)
   • Ownership information, including partners or shareholders
7. Business Tax Forms:
   • Appropriate tax forms for the business type (e.g., Schedule C for sole proprietorships, Form 1065 for partnerships, Form 1120 for corporations)
8. Previous Year's Tax Return:
   • Copy of the previous year's business tax return for reference
9. Employer Identification Number (EIN):
   • The business's EIN or Social Security Number (for sole proprietorships)
10. Accounting Records:
    • General ledger
    • Cash flow statements
11. Business Expenses Documentation:
    • Receipts and records for business-related expenses, including travel, meals, and entertainment
12. Asset Depreciation Information:
    • Details of assets subject to depreciation, including acquisition dates, costs, and depreciation methods
13. Home Office Deduction Documentation (if applicable):
    • Records supporting the use of a home office for business purposes
14. Estimated Tax Payments:
    • Records of estimated tax payments made throughout the year
15. State and Local Tax Information:
    • Documentation related to state and local tax obligations, including re-employment taxes and sales taxes
16. Financial Records for Retirement Plans (if applicable):
    • Information on retirement plans, such as 401(k)s or IRAs, and contributions made during the year
17. Any Correspondence with Tax Authorities:
    • Copies of letters, notices, or communications with tax agencies
18. Legal Documents:
    • Any legal agreements or contracts relevant to the business
19. Inventory Records (if applicable):
    • Details of inventory, including opening and closing inventory values
20. Records of Bad Debts (if applicable):
    • Documentation of bad debts that may be eligible for deduction

​**It's important to note that the specific documents and information needed can vary depending on the business's structure, industry, and location.

Office: (407) 960-3652 | Text: (407) 946-2674 | Email: taxes@cohnlopez.com