Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Supplemental information for Phoenix Medical, LLC . FORM 1065 Information: Page 1 Information: Calendar year ending 12/31/2015 : Company Name: Phoenix Medical, LLC . 1122

Supplemental information for Phoenix Medical, LLC.

FORM 1065 Information:

Page 1 Information:

Calendar year ending 12/31/2015:

Company Name:

Phoenix Medical, LLC.

1122 Three Ave.

Phoenix, AZ 85001

A. Business Activity Code: 621111

B. Business Activity: Medical

C. Product or Services: Skin Care

D. EIN: 24-5678901

E. Date Incorporated: 3/27/2006

H. Cash

Schedule B Page 2 & 3 Information:

Q2.Individuals account for 100% ownership.

Q3.No changes in ownership in 2015.

Q4.The LLC is not a 20% or greater owner in any other entity.

Q5.No.

Q6d.No.

Q7-17.No.

Q18.Yes.

Q19-20. No

Schedule K-1 Information:

1. Member information is included on the member detail tab of the spreadsheet. Calculate beginning and ending capital for each member.

C.The return will be efiled (not delivered to an IRS processing center).

D.This is not a PTP.

F. Each member is an individual (line I):

1

Laura

Daybrea K

6241 East Circle

San Diego

CA

9213

867-79-3192

I

X

2

Chris

Dante

26091 Largo Street

Anaheim

CA

9282

867-99-3192

I

3

Domenic

Milford

6 White Dove Drive

Los Angeles

CA

9006

867-00-3192

I

G. Laura is the member-manager.
J. Since inception, the ownership as shared equally (33.33%) in all profit, loss, and distributions.
K. The business loan has been personally guaranteed by the members.
L. The books are tax basis.
M. No built-in gains or losses.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions