Entity Returns : Resources
Our Entity Engagement Letter
Click the button below to download our entity engagement letter. This document must be signed for our office to begin work on your return. We have copies available in the office if you bring your information in-person; however, you need to print, sign, and re-upload a copy if you are providing all of your information digitally.
Note: This engagement letter, in absence of a meeting and consent from our team to perform services for you, does not constitute a valid engagement. This document is only for current clients of Angolano and Company.
Entity Questionnaire FAQ’s
This FAQ’s page should help you answer any of the questions you might have when filling out our digital business organizer. If these answers don’t resolve your questions, you can always feel free to email our office!
Keep in mind that our office has already answered many of these questions and on file if we have prepared your return in the past. For returning clients, reference the list below to know what we need. New clients, please ensure the organizer is fully completed and no required questions are skipped!
If you need to skip a required question, use the menu on the left side of the page to move onto the next section. The “Next Section” button at the bottom of the page will not work if you have not filled out a required section.
Returning Client Organizer Questions
For All Client Types
General > Business Information
Only fill out information that has changed in 2024!
General > Business Address
Only fill out information that has changed in 2024!
General > Business Detail
Only fill out information that has changed in 2024!
For Corporations
Officers and Shareholders > Officers
Only fill out information that has changed in 2024!
Officers and Shareholders > Shareholders
Only fill out information that has changed in 2024!
For Partnerships
Partners > Partner Information
Only fill out information that has changed in 2024!
For All Client Types
Questionnaire > Part 1
Please answer all the questions.
If you have any questions about the questions, please review the “Help w/ Questions” section below.
Questionnaire > Part 2
Please answer all the questions.
If you have any questions about the questions, please review the “Help w/ Questions” section below.
Additional Information > Fixed Assets
Answer the questions.
If you answer yes to either, the system will ask you for further information on the assets purchased or sold. Please make sure to provide that information.
Additional Information > Comments
Provide us with any information you feel that our office needs to know but was not covered by the questionnaire.
Help w/ Questions
For Corporations
Questionnaire > Part 1
Was the corporation’s S elections terminated or revoked during the year?
You will know if this happened!
You would have received a notice from the IRS regarding this change.
During the 2024 calendar year, did the corporation have an interest in or a signature or other authority over a financial account in a foreign country?
Do you have a foreign bank/investment account?
At any time during the tax year, did the corporation (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?
Did your company receive or purchase any cryptocurrency or similar in the year?
Did the corporation pay $600 or more of non-employee compensation to any individual during the year?
Did you pay any subcontractors over $600?
We can help answer if you were supposed to or not!
Did or will the corporation file required Form(s) 1099?
Self-explanatory, were they filed?
Questionnaire > Part 2
At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a nominee or similar person?
This is very rare.
If you aren’t aware of this situation already, it probably does not apply to you.
At the end of the tax year, did the corporation directly own 20% or more, or directly or indirectly own, 50% or more of the total stock issued and outstanding of any foreign or domestic corporation?
Does your company own stock in another company?
If so, does the company own more than the percentages listed in the question?
At the end of the tax year, did the corporation directly own an interest of 20% or more, or directly or indirectly own, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership or in the beneficial interest of a trust?
Is your company the partner in a partnership/beneficial interest of a trust?
If so, does the company/trust own more than the percentages listed in the question?
At the end of the tax year, did the corporation have any outstanding shares of restricted stock?
Rare for many of our clients.
This is for if you have a stock award as compensation to your employees.
At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments?
Rare for many of our clients.
You would know if you had engaged in such a financial device.
Was the corporation a C corporation before it elected to be an S corporation?
This applies to some of our clients.
If you are a pre-existing client, we already know the answer, you can skip this!
Did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt?
Did you receive any debt forgiveness for the year?
You would usually receive a 1099-C if you did!
Select how you will provide the company's 2024 year-end reports
This question is a little confusing.
You can manually enter your financial information if you do not have a formal bookkeeping system by selecting, “Enter the information in the following sections”
You can upload your financial statements by selecting, “Upload a profit and loss statement and a balance sheet”
If we prepare the bookkeeping for your business, you can select the final option of, “Our firm has or will prepare these reports”
An option not listed, and preferred by most, is to bring all of your documentation in physically. It’s up to you!
For Partnerships
Questionnaire > Part 1
During the 2024 calendar year, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country?
Do you have a foreign bank/investment account?
At any time during the tax year, did the partnership (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?
Did your company receive or purchase any cryptocurrency or similar in the year?
Did the partnership pay $600 or more of non-employee compensation to any individual during the year?
Did you pay any subcontractors over $600?
We can help answer if you were supposed to or not!
Did or will the partnership file required Form(s) 1099?
Self-explanatory, were they filed?
Questionnaire > Part 2
At the end of the tax year did any foreign or domestic corporation, partnership, trust, or tax-exempt organization, or any foreign government directly or indirectly own, an interest of 50% or more in the profit, loss, or capital of the partnership?
Is another company a partner in your partnership?
If so, does the company own more than the percentages listed in the question?
At the end of the tax year did any individual or estate directly or indirectly own, an interest of 50% or more in the profit, loss, or capital of the partnership?
Do any of your partners fit this description?
At the end of the tax year, did the partnership directly own 20% or more, or directly or indirectly own, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation?
Is your company a shareholder of a corporation?
If so, does the company own more than the percentages listed in the question?
At the end of the tax year, did the partnership directly own an interest of 20% or more, or directly or indirectly own, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership or in the beneficial interest of a trust?
Is your company the partner in a partnership/beneficial interest of a trust?
If so, does the company/trust own more than the percentages listed in the question?
Did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt?
Did you receive any debt forgiveness for the year?
You would usually receive a 1099-C if you did!
Select how you will provide the company's 2024 year-end reports
This question is a little confusing.
You can manually enter your financial information if you do not have a formal bookkeeping system by selecting, “Enter the information in the following sections”
You can upload your financial statements by selecting, “Upload a profit and loss statement and a balance sheet”
If we prepare the bookkeeping for your business, you can select the final option of, “Our firm has or will prepare these reports”
An option not listed, and preferred by most, is to bring all of your documentation in physically. It’s up to you!
Direct any additional questions about the organizer to Jordan. Click the button below to send an email!