TYLER SNOWSPORTS INC

Tyler Snowsports Inc. (TSI) is a wholesaler of winter sports equipment.The business was incorporated in 2000 and its shareholders filed a valid S election for the corporation's fiscal year beginning on April 1, 2006.Because TSI demonstrates that its taxable year coincides with its natural business year, TSI has retained a fiscal year ending on March 31.

Nathan Tyler, age 49 and single, owns the 100 outstanding shares of TSI voting common stock.Nathan's three children, twins Kevin and Kyle, ages 25, and Molly, age 20, each own 100 shares of nonvoting common stock.All four shareholders are calendar year, cash basis taxpayers.TSI's projected income statement for the year ending March 31, 2018 is attached.

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