Corporate Tax Return Project - Ver. 1.4 Facts You (The Paid Tax Preparer) Your name is Robin Yount. You are a CPA and Senior Tax Manager in the CPA firm of Rosen and Craig, LLP. Your preparer tax identification number (PTIN) is P00384264.

Your Firm (Who You Work For) Rosen and Craig's address is 490 Jamestown Avenue - San Francisco, CA 94123 and its phone number is (650) 555-5555. The firm's EIN is: 20-3941936.The Client Your client is Royal Crown Toys Inc. Its address is: 1001 Tenth Avenue - Columbus, GA 31901. Its phone number is: (305) 555-5555. Royal Crown Toys is a seller of toys at the wholesale level.Its Employer Identification Number is 46-3938374. It was incorporated in Georgia on 02/15/1995. It is a non-publicly traded (private) corporation. The only corporate officer authorized to sign its tax returns is Patricia Sheridan.Her social security number is 342-10-3940 and she is a citizen of the United States. She is the President of the corporation. Patricia owns 72% of the shares of the corporation. She has owned 72% of the shares since the corporation was formed in 1995. She spent 2,465 hours working for the corporation in 2019.She was paid base wages of $1,483,000 as well as a $94,000 cash bonus in 2019 (the cash bonus was paid to her in 2019, but it related to the financial success of the corporation for 2018). She received no other bonuses or other incentive-based compensation in 2019. For years the corporation had an employment contract in place with Patricia since she was hired back in 1995. It was the same employment contract for many years. However, the contract was completely changed, with material changes, on December 31, 2018.

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Patricia's home address is 19847 Pebble Beach Court - Atlanta, GA 30303.Her phone number is (470) 555-5555. The Chief Financial Officer of the corporation is Amy Jing. She spent 2,233 hours working for the corporation in 2019.She was paid base wages of $593,397 in 2019. Amy's social security number is 257-25-9741 and her home address is 123 Peachtree Way - Atlanta GA 30301. Amy does not own any shares in the corporation. She is also a citizen of the United States. She is also the interim Treasurer and Secretary of the corporation until they can find individuals to fill those officer positions. Neither Patricia nor Amy worked anywhere else other than at Royal Crown in 2019. There are no other officers for the corporation. In addition, the only shares in the corporation are in the form of common stock. There are no preferred shares.There is one other shareholder in the corporation: Jose Uribe. Jose owned 28% of the shares of the corporation throughout the year. He has owned the same percentage of the corporation's stock since it was incorporated in 1995. He is a citizen of the United States.Jose's social security number is 938-39-3927 and his home address is 1967 Chopper Way - Atlanta, GA 30301. His phone number is (404) 555-5555. Royal Crown uses the cash basis of accounting for both financial accounting and tax return purposes.It has a December 31 year-end for both financial accounting and tax purposes.Its 2019 financial accounting-based income statement and balance sheet starts on the following page.