Please complete the 1065 form using the following information:

Income Statement for the year ending December 31, 2017 Item Amount Income: Service Revenue-Cash $ 343,565 Service Revenue-Credit Cards $1,922,710 Consulting Revenue-Cash $ 50.950 Consulting Revenue-Credit Cards $ 155.005 Interest Income-First National Bank $ 1.540 Municipal Bond Interest Income $2.500 Total Income: $2,476.270 Expenses Employee Salaries $ 515.735 Guaranteed payment-MR $ 50,000 Guaranteed payment-DJ $ 50.000 Repairs and Maintenance-Trucks $ 113.415 Rent $ 35.000 Payroll Taxes $ 41.260 Licensing Fees $ 1,750 Property Taxes $ 77.000 Interest Expense $ 235,000 Depreciation $ 852.823 Office Supplies $ 3,420 Employee Training $ 5.675 Advertising $ 18,850 Plumbing supplies $ 15.125 Meals and Entertainment (prior to disallowance) $ 13.740 Travel $ 4.210 Gasoline $ 158,675 Utilities $ 24,940 Telephone $ 16.830 Total Expenses: $2.233.448 Net Income: $ 242.822 12/31/16 12/31/17 Financial Statements: Balance Sheet Assets Cash Tax-exempt Securities Building Less: Acc. Depreciation Equipment Less: Acc. Depreciation Land $ 30,000 100.000 4,000,000 (551,282) 2.500.000 (1,481,400) 1.000.000 $ 45,000 100.000 4,000,000 (653,842) 3,250,000 (2.231,663) 1.000.000 Total Assets: $5.597,318 $5.509,495 Liabilities and Capital: Note Payable-First National Bank Note Payable-Michael Rodriguez Note Payable-Devontae Johnson Capital Account-MR Capital Account-DJ Total Liabilities and Capital: $4,267,318 300.000 200,000 $4,046,673 300.000 200,000 415,000 415.000 481,411 481,411 $5,597,318 $5,509,495 Other information: AAA is a domestic limited liability company Michael and Devontae are not related. Michael and Devontae are both U.S. citizens. . Both Michael and Devontae are managing members. AAA has not and did not file a Form 8893 or anything similar to it this year or in the past. AAA is not a publicly traded partnership. During the year, no debt was cancelled or forgiven in relation to AAA. AAA is not required to file a Form 8918. AAA did not have or control a foreign bank account or have authority over any such financial account. AAA was not the grantor of or a transferor to a foreign trust. AAA has never made a Section 754 election. AAA has never entered a like-kind exchange or distributed a tenancy-in-common or other undivided interest in partnership property. AAA has never been required to file Form 8858. AAA was required to file Form(s) 1099 related to certain payments it made during the year and those forms were filed on a timely basis. AAA was not required to file any Form(s) 5471 during the year. Michael is the Tax Matters Partner (TMP). Both Michael and Devontae are active in the business and work full-time for AAA. The debt owed to First National Bank is a non-recourse obligation and neither Michael nor Devontae have guaranteed its repayment (see balance sheet below). This debt is not directly tied to any specific asset but is rather a debt secured against all of the assets of the company, with neither Michael nor Devontae personally responsible for its repayment. During the year, Michael and Devontae each contributed $20,000 to the capital of AAA AAA does not maintain any inventory, AAA purchases supplies and has a policy of expensing such purchases as paid for tax and book purposes consistent with existing tax law. AAA USES MACRS depreciation for both tax and book purposes. During the year, Michael and Devontae each received a $75,000 distribution from AAA. During the year, AAA acquired the following assets (all assets were placed in service on the acquisition dates as indicated below): o Service vans-new (not Luxury Automobiles) July 1, 2017 $500,000 Plumbing machinery/equipment-new July 1, 2017 $250,000 AAA did not claim Section 179 expense for any of the current year asset additions but it did claim available bonus depreciation. OMB No 1545-0123 Form 1065 20 U.S. Return of Partnership Income For calendar year 2020, or tax year beginning 2020, ending Go to www.irs.gov/Form 1065 for instructions and the latest information. Name of partnership 2020 Department of the Treasury Internal Revenue Service A Principal business activity D Employer identification number E Date business started 8 Principal product or service Type Number, street, and room or sute no. If a P.O. box, see Instructions. or C Business code number Print City or town, state or province, country, and ZIP or foreign postal code F Total assets see instructions Income Rent. $ G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5) Amended return H Check accounting method: (1) Cash (2) Accrual (3) Other (specity) 1 Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year J Check if Schedules C and M-3 are attached ........... K Check if partnership: (Aggregated activities for section 465 at-risk purposes (2) Grouped activities for section 469 passive activity purposes Caution: Include only trade or business income and expenses on lines 1a through 22 below. See instructions for more information ta Gross receipts or sales. 1a b Returns and allowances 1b Balance. Subtract line 1b from line 1a 1c 2 Cost of goods sold (attach Form 1125-A) 2 3 Gross pront. Subtract line 2 from line 1c 3 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) 4 5 Net farm profit (loss) (attach Schedule F (Form 1040) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach statement) 7 8 Total income (loss). Combine lines 3 through 7 8 9 9 Salaries and wages (other than to partners) (less employment credits) 9 10 Guaranteed payments to partners 10 11 Repairs and maintenance 11 12 Bad debts. 12 13 13 14 Taxes and licenses 14 15 Interest (see instructions) 15 16a Depreciation (if required, attach Form 4562). 16a 16b b Less depreciation reported on Form 1125-A and elsewhere on return 16c 17 Depletion (Do not deduct oil and gas depletion.) 17 Retirement plans, etc.. 18 19 19 Employee benefit programs 20 Other deductions (attach statement) 20 21 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 22 Ordinary business income (loss). Subtract line 21 from line 8 22 22 23 23 Interest due under the look back method-completed long-term contracts (attach Form 8697) 24 24 24 Interest due under the look-back method-income forecast method (attach Form 8866) 25 BBA AAR imputed underpayment (see instructions) 25 26 Other taxes (see instructions) 26 27 Total balance due. Add lines 23 through 26 27 28 Payment (see instructions) 28 29 Amount owed. If line 28 is smaller than line 27, enter amount owed. 29 30 30 Overpayment. If line 28 is larger than line 27, enter overpayment Under penalties of perjury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and completo. Declaration of preparar (other than partner or limited liability company member) is based on all information of Sign which preparar has any knowledge May the IRS discuss this return Here with the prepare shown below? See Instructions. Yes No Date Signature of partner or limited ability company member Print/Type preparer's name Preparer's signature Date Check PTIN Paid Preparer Firm's name Firm's EIN Use Only Firm's address Phone ne Cat. No. 113902 For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2020) 18 Deductions Tax and Payment . it self-employed Income Statement for the year ending December 31, 2017 Item Amount Income: Service Revenue-Cash $ 343,565 Service Revenue-Credit Cards $1,922,710 Consulting Revenue-Cash $ 50.950 Consulting Revenue-Credit Cards $ 155.005 Interest Income-First National Bank $ 1.540 Municipal Bond Interest Income $2.500 Total Income: $2,476.270 Expenses Employee Salaries $ 515.735 Guaranteed payment-MR $ 50,000 Guaranteed payment-DJ $ 50.000 Repairs and Maintenance-Trucks $ 113.415 Rent $ 35.000 Payroll Taxes $ 41.260 Licensing Fees $ 1,750 Property Taxes $ 77.000 Interest Expense $ 235,000 Depreciation $ 852.823 Office Supplies $ 3,420 Employee Training $ 5.675 Advertising $ 18,850 Plumbing supplies $ 15.125 Meals and Entertainment (prior to disallowance) $ 13.740 Travel $ 4.210 Gasoline $ 158,675 Utilities $ 24,940 Telephone $ 16.830 Total Expenses: $2.233.448 Net Income: $ 242.822 12/31/16 12/31/17 Financial Statements: Balance Sheet Assets Cash Tax-exempt Securities Building Less: Acc. Depreciation Equipment Less: Acc. Depreciation Land $ 30,000 100.000 4,000,000 (551,282) 2.500.000 (1,481,400) 1.000.000 $ 45,000 100.000 4,000,000 (653,842) 3,250,000 (2.231,663) 1.000.000 Total Assets: $5.597,318 $5.509,495 Liabilities and Capital: Note Payable-First National Bank Note Payable-Michael Rodriguez Note Payable-Devontae Johnson Capital Account-MR Capital Account-DJ Total Liabilities and Capital: $4,267,318 300.000 200,000 $4,046,673 300.000 200,000 415,000 415.000 481,411 481,411 $5,597,318 $5,509,495 Other information: AAA is a domestic limited liability company Michael and Devontae are not related. Michael and Devontae are both U.S. citizens. . Both Michael and Devontae are managing members. AAA has not and did not file a Form 8893 or anything similar to it this year or in the past. AAA is not a publicly traded partnership. During the year, no debt was cancelled or forgiven in relation to AAA. AAA is not required to file a Form 8918. AAA did not have or control a foreign bank account or have authority over any such financial account. AAA was not the grantor of or a transferor to a foreign trust. AAA has never made a Section 754 election. AAA has never entered a like-kind exchange or distributed a tenancy-in-common or other undivided interest in partnership property. AAA has never been required to file Form 8858. AAA was required to file Form(s) 1099 related to certain payments it made during the year and those forms were filed on a timely basis. AAA was not required to file any Form(s) 5471 during the year. Michael is the Tax Matters Partner (TMP). Both Michael and Devontae are active in the business and work full-time for AAA. The debt owed to First National Bank is a non-recourse obligation and neither Michael nor Devontae have guaranteed its repayment (see balance sheet below). This debt is not directly tied to any specific asset but is rather a debt secured against all of the assets of the company, with neither Michael nor Devontae personally responsible for its repayment. During the year, Michael and Devontae each contributed $20,000 to the capital of AAA AAA does not maintain any inventory, AAA purchases supplies and has a policy of expensing such purchases as paid for tax and book purposes consistent with existing tax law. AAA USES MACRS depreciation for both tax and book purposes. During the year, Michael and Devontae each received a $75,000 distribution from AAA. During the year, AAA acquired the following assets (all assets were placed in service on the acquisition dates as indicated below): o Service vans-new (not Luxury Automobiles) July 1, 2017 $500,000 Plumbing machinery/equipment-new July 1, 2017 $250,000 AAA did not claim Section 179 expense for any of the current year asset additions but it did claim available bonus depreciation. OMB No 1545-0123 Form 1065 20 U.S. Return of Partnership Income For calendar year 2020, or tax year beginning 2020, ending Go to www.irs.gov/Form 1065 for instructions and the latest information. Name of partnership 2020 Department of the Treasury Internal Revenue Service A Principal business activity D Employer identification number E Date business started 8 Principal product or service Type Number, street, and room or sute no. If a P.O. box, see Instructions. or C Business code number Print City or town, state or province, country, and ZIP or foreign postal code F Total assets see instructions Income Rent. $ G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5) Amended return H Check accounting method: (1) Cash (2) Accrual (3) Other (specity) 1 Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year J Check if Schedules C and M-3 are attached ........... K Check if partnership: (Aggregated activities for section 465 at-risk purposes (2) Grouped activities for section 469 passive activity purposes Caution: Include only trade or business income and expenses on lines 1a through 22 below. See instructions for more information ta Gross receipts or sales. 1a b Returns and allowances 1b Balance. Subtract line 1b from line 1a 1c 2 Cost of goods sold (attach Form 1125-A) 2 3 Gross pront. Subtract line 2 from line 1c 3 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) 4 5 Net farm profit (loss) (attach Schedule F (Form 1040) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach statement) 7 8 Total income (loss). Combine lines 3 through 7 8 9 9 Salaries and wages (other than to partners) (less employment credits) 9 10 Guaranteed payments to partners 10 11 Repairs and maintenance 11 12 Bad debts. 12 13 13 14 Taxes and licenses 14 15 Interest (see instructions) 15 16a Depreciation (if required, attach Form 4562). 16a 16b b Less depreciation reported on Form 1125-A and elsewhere on return 16c 17 Depletion (Do not deduct oil and gas depletion.) 17 Retirement plans, etc.. 18 19 19 Employee benefit programs 20 Other deductions (attach statement) 20 21 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 22 Ordinary business income (loss). Subtract line 21 from line 8 22 22 23 23 Interest due under the look back method-completed long-term contracts (attach Form 8697) 24 24 24 Interest due under the look-back method-income forecast method (attach Form 8866) 25 BBA AAR imputed underpayment (see instructions) 25 26 Other taxes (see instructions) 26 27 Total balance due. Add lines 23 through 26 27 28 Payment (see instructions) 28 29 Amount owed. If line 28 is smaller than line 27, enter amount owed. 29 30 30 Overpayment. If line 28 is larger than line 27, enter overpayment Under penalties of perjury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and completo. Declaration of preparar (other than partner or limited liability company member) is based on all information of Sign which preparar has any knowledge May the IRS discuss this return Here with the prepare shown below? See Instructions. Yes No Date Signature of partner or limited ability company member Print/Type preparer's name Preparer's signature Date Check PTIN Paid Preparer Firm's name Firm's EIN Use Only Firm's address Phone ne Cat. No. 113902 For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2020) 18 Deductions Tax and Payment . it self-employed