EFTA01100680.pdf

CURRENT DB 1997 Family Trust • 1997 Family Trust Grantor Tr Letter BAH Holdings LDB 1040 2011 Tr Grantor Letter ASN 2011 Trust LDB 2011 LLC 2011 Tr Grantor Letter JMB 2011 Trust VRB 2011 Trust 2011 Tr Grantor Letter BEG 2011 Trust .2011 Tr Grantor Letter GRAT 1 GRAT 1 Grantor Letter GRAT 2 GRAT 1 Grantor Letter PROPOSED LDB 1040 BAH Holdings EFTA01100680 BENEFITS OF USING EXCEL SUMMARY WORKSHEET FOR SOFTWARE INPUT LIST CONFIRMED WITH BANKS 1099 INT AGGREGATE REPORT 'EXCEL TOTAL ENSURES ALL ACCOUNTS ARE REPORTED FULL LIST IN AMOUNT" ON 1040 (TAX ENSURES NEWLY OPENED ACCOUNTS REPORTED EXCEL ALL SOFTWARE) - ENSURE NOT REPORTING ITEMS (EG GSO BRH) W-- 10 -- ENTITIES -SEE RIDER" ELIMINATES REDUNDANCY (KEYPUNCH) TOTAL IN EXCEL ONLY AMOUNT ENTERED AGGREGATE BROKERAGE ACCOUNTS LISTED REPORT EXCEL TOTAL 1099 - DIV FULL LIST IN STOCKS IN CERTIFICATE FORM LISTED AMOUNT" ON 1040 - TAX EXCEL ALL ELIMINATES REDUNDANCY (KEYPUNCH) SOFTWARE - TOTAL IN EXCEL ONLY AMOUNT ENTERED ENTITIES "SEE RIDER" AGGREGATE FULL LIST IN REPORT EXCEL TOTAL BROKERAGE ACCOUNTS LISTED 1099-B im EXCEL -ALL ENTITIES: ALL AMOUNTS" ON 8949 - TAX INCLUDES ART TRANSACTIONS DISPOSITIONS: INCLUDES SOFTWARE SPOTLIGHTS WHERE LIKE KIND DISCLOSURES NEEDED NON-REPORTABLE. EG "SEE RIDER' BREAK OUT OF TRANSACTIOONS BY 20% VS 28% ART. ALLOWS FOR OPEN ITEMS TO BE CENTRALIZED, EG MISSING TAX BASIS TOTALS IN EXCEL ONLY AMOUNTS ENTERED 8949 EXCEPTION 1 AGGREGATE FULL LIST IN REPORT CERTAIN "EXCEL TOTAL REVIEW OF EXCEL LIST OF K-1 ACTIVITY HAS MANY BENEFITS AMOUNTS" ON 1040 - TAX • TRACKS ALL PASS THRU ENTITIES EXCEL ALL ENTITIES: K. VS SOFTWARE • TRACKS ENTITIES THAT REQUIRE SPECIAL DISCLOSURES ALL DISPOSITIONS: NEW • REPORTABLE TRANSACTIONS. PFIC'S. OEF. CFC. ETC INVESTMENTS. "SEE RIDER' • TRACKS TAX BASIS AND BOOK (CAPITAL) BREAK OUT ALL K-1 ITEMS. • ALLOWS DISTRIBUTIONS TO BE CHECKED FOR GAIN OR LOSS SEPARATELY DISCLOSE • ALLOWS REVIEW OF LIABILITIES (KEYPUNCH) CERTAIN ITEMS • SUMS STATE SOURCE INCOME IN TAX SOFTWARE. ALLOW TAX • SUMS FOREGN SOURCE INCOME 8 DISCLOSURES SOFTWARE TO PROCESS. • ALLOWS CHARACTER OF INCOME BY ENTITY TO BE TRACKED EG TRADER HEDGE FUND WITH INVESTMENTS IN PASSIVE ACTIVITIES • ALLOWS TRACKING OF MULTIPLE OWNERSHIP OF SAME INVESTMENT • ALLOWS TRACKING OF PASSIVE ACTIVITY BY ENTITY/ ACTIVITY • ALLOWS FOR MISSING K-1S TO BE TRACKED CENTRALLY MANY ITEMS ON K-1 NOT INPUT IN SOFTWARE. EG INTEREST, DIVIDENDS. CAP GAINS EFTA01100681 SUMMARY OF TAX SOFTWARE ENTRIES FORM 1040 TAX SOFTWARE NUMBER OF ENTRIES SCH A: INTEREST RIDER ATTACHED 1 RIDER SHOWS ALL INTEREST INCOME BY BANKING INSTITUTION; NON-PASS THROUGH PAYOR RIDER ATTACHED 1 RIDER SHOWS ALL INTEREST INCOME FROM PASS THROUGH ENTITIES (BY ENTITY) SCH A: DIVIDEND RIDER ATTACHED RIDER SHOWS ALL DIVIDEND INCOME BY BROKER OR STOCK NOT IN STREET NAME; NON-PASS THROUGH PAYOR RIDER ATTACHED RIDER SHOWS ALL DIVIDENDINCOME FROM PASS THROUGH ENTITIES (BY ENTITY) • SHOWS QUALIFIED AND NON-QUALIFIED DIVIDENDS SCH D: CAPITAL GAIN (LOSS) USE 8849 TOTALS FORM 8849 RIDER ATTACHED 4 SHOWS ALL CAPITAL TRANSACTIONS OTHER THAN PASS THROUGH ENTITY AMOUNTS ON K-1 SCH E: PTRSHIP/ S CORPS RIDER ATTACHED 1 SHOWS ALL NON-PASSIVE ORDINARY INCOME AND EXPENSES TAX SOFTWARE VAR KEYPUNCH PASSIVE INCOME. EXPENSE. CREDITS BY ACTIVITY SCH B: CHARITY (50%) NO RIDER REOD RIDER SHOWS ALL CASH CHARITY (50%) OR KEYPUNCH TOTAL • BY CHARITY IS OPTIONAL SCH B: CHARITY (30%) NO RIDER REOD RIDER SHOWS ALL CASH CHARITY (30%) OR KEYPUNCH TOTAL • BY CHARITY IS OPTIONAL SCH B: PORT DED • 2% AGI LIMIT NO RIDER RECTO RIDER SHOWS ALL DEDUCTIONS BY TYPE (OR PAYEE): NON-PASS THROUGH PAYOR NO RIDER RECTO RIDER SHOWS ALL DEDUCTIONS BY PASS THROUGH PAYOR • MAY CONSIDER SHOWING BY TYPE ONLY FROM 4952: INVEST INT (A) NO RIDER REOD ENTER TOTAL INV INC: EXP: INT EXP INTO SOFTWARE FROM 4952: INVEST INT (E) NO RIDER REOD NO LIMITATION GIVEN APO INCOME > ALL INTEREST EXPENSE EFTA01100682