1120s u.s. income tax return for an s corporation g 2016 g

OMB No. 1545-0123U.S. Income Tax Return for an S CorporationForm 1120SG Do not file this form unless the corporation has filed or is

attaching Form 2553 to elect to be an S corporation. 2016Department of the TreasuryInternal Revenue Service G Information about Form 1120S and its separate instructions is at www.irs.gov/form1120s.

For calendar year 2016 or tax year beginning , 2016, ending ,S election effective date Employer identification numberA D

TYPEDate incorporatedBusiness activity code EB

number (see instrs) OR

PRINTTotal assets (see instructions)FC Check if Schedule

M-3 attached $

G Yes No If 'Yes,' attach Form 2553 if not already filedIs the corporation electing to be an S corporation beginning with this tax year?

H (1) (2) (3)Check if: Final return Name change Address change

(4) (5)Amended return S election termination or revocation

I GEnter the number of shareholders who were shareholders during any part of the tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Caution. Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information.

1 a 1 aGross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 1 bI c 1 cBalance. Subtract line 1b from line 1a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NC 2 2Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OM Gross profit. Subtract line 2 from line 1c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3E

4 4Net gain (loss) from Form 4797, line 17 (attach Form 4797). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 5Other income (loss) (see instrs ' att statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

GTotal income (loss). Add lines 3 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6

7 7Compensation of officers (see instructions - attach Form 1125-E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D

9 9Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ED 10 10Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . UC 11 11Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TI 12 12Taxes and licenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ON 13 13Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S

14 14Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562). . . . . . . . . . . . . . . . . . . S

Depletion (Do not deduct oil and gas depletion.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15EE 16 16Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

I 17 17Pension, profit-sharing, etc, plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NS 1818 Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TR 19 19Other deductions (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S

20 20GTotal deductions. Add lines 7 through 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 21

22a Excess net passive income or LIFO recapture22 atax (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tb 22 bTax from Schedule D (Form 1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A

Xc 22 cAdd lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A 23a 23 a2016 estimated tax payments and 2015 overpayment credited to 2016. . . . . . ND b 23 bTax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

P c 23 cCredit for federal tax paid on fuels (attach Form 4136). . . . . . . . . . . . . . . . . . . . . AY d 23 dAdd lines 23a through 23c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M

24 24GEstimated tax penalty (see instructions). Check if Form 2220 is attached. . . . . . . . . . . . . . . . . . . . . . . . EN

25 25Amount owed. If line 23d is smaller than the total of lines 22c and 24, enter amount owed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TS Overpayment. If line 23d is larger than the total of lines 22c and 24, enter amount overpaid . . . . . . . . . . . . 26 26

Enter amount from line 26 Credited to 2017 estimated tax27 Refunded 27G GUnder penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign May the IRS discuss this returnwith the preparer shown belowHere (see instructions)?A A

Signature of officer Date Title Yes No

Print/Type preparer's name Preparer's signature Date PTINCheck if

self-employedPaidPreparer Firm's name Firm's EIN GGUse Only

Firm's address GPhone no.

SPSA0105L 08/17/16 Form 1120S (2016)BAA For Paperwork Reduction Act Notice, see separate instructions.

1/01/2015

541990 1/01/2015

Buckeye Consulting, Inc.2015 National Champions DrBuckeye, AZ 85326

1,000,000.X

2

1,400,000.

1,400,000.

1,400,000.

1,400,000.200,000.190,000.

4,700.

68,000.41,230.2,000.

13,760.

8,200.

24,700.142,610.695,200.704,800.

0.

******9999

Self-Prepared

See Statement 1

Form 1120S (2016)

Yes NoSchedule B Other Information (see instructions)b c1 a AccrualCheck accounting method: Cash Other (specify)G

See the instructions and enter the:2

a bGBusiness activity GProduct or service . . .

At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a3nominee or similar person? If "Yes," attach Schedule B-1, Information on Certain Shareholders of an S Corporation . . . . . .

4 At the end of the tax year, did the corporation:a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total stock issued and outstanding of

any foreign or domestic corporation? For rules of constructive ownership, see instructions. If 'Yes,' complete (i)through (v) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(v) If Percentage in (iv)(ii) Employer (iii) Country of (iv) Percentage (i) Name of Corporationis 100%, Enter theIdentification Incorporation of Stock Owned

Date (if any) a QualifiedNumber (if any)Subchapter S

Subsidiary ElectionWas Made

Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, orbcapital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interestof a trust? For rules of constructive ownership, see instructions. If 'Yes,' complete (i) through (v) below . . . . . . . . . . . . . . . . . .

(ii) Employer (iii) Type (iv) Country of (v) Maximum %(i) Name of EntityIdentification of Entity Organization Owned in Profit,

Number (if any) Loss, or Capital

5 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock?. . . . . . . . . . . . . . . . . . . . . . . . . .

If 'Yes,' complete lines (i) and (ii) below.(i) Total shares of restricted stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G

Total shares of non-restricted stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (ii) Gb At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments?. . . . . .

If 'Yes,' complete lines (i) and (ii) below.(i) Total shares of stock outstanding at the end of the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G

Total shares of stock outstanding if all instruments were executed . . . . . . . . . . . . . . . . . . . . . . . . . . (ii) G

6 Has this corporation filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provideinformation on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 GCheck this box if the corporation issued publicly offered debt instruments with original issue discount . . . . . . . . . . . . . . .

If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original IssueDiscount Instruments.

8 If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquiredan asset with a basis determined by reference to the basis of the asset (or the basis of any other property) inthe hands of a C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gainfrom prior years, enter the net unrealized built-in gain reduced by net recognized

$Gbuilt-in gain from prior years (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$9 Enter the accumulated earnings and profits of the corporation at the end of the tax year. . . . . . . . .

Does the corporation satisfy both of the following conditions?10

a The corporation's total receipts (see instructions) for the tax year were less than $250,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b The corporation's total assets at the end of the tax year were less than $250,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If 'Yes,' the corporation is not required to complete Schedules L and M-1.

During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the11terms modified so as to reduce the principal amount of the debt?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$If 'Yes,' enter the amount of principal reduction

12 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If 'Yes', see instructions. . . . .

13 a Did the corporation make any payments in 2016 that would require it to file Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b If 'Yes,' did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 1120S (2016)

SPSA0112L 08/17/16

**********************************9999

X

Service Consulting

X

X

X

X

X

X

X

X

X

X

X

Form 1120S (2016)

Total amountSchedule K Shareholders' Pro Rata Share Items1 1Ordinary business income (loss) (page 1, line 21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income

(Loss) 2 2Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 a 3 aOther gross rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 3 bExpenses from other rental activities (attach statement). . . . . . . . . . . . . . . . . . . . . .

c 3 cOther net rental income (loss). Subtract line 3b from line 3a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 a 5 aOrdinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividends:

b 5 bQualified dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 6Royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 7Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . . . . . . . . . . . . . . . . . .

8 a 8 aNet long-term capital gain (loss) (attach Schedule D (Form 1120S)). . . . . . . . . . . . . . . . . . . . . . . . . .

b 8 bCollectibles (28%) gain (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c 8 cUnrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . .

9 9Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 10Other income (loss) (see instructions). . . . . . . . . TypeG

11 11Deduc- Section 179 deduction (attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tions 12 a 12aCharitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 12bInvestment interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c (1) (2) 12c (2)Section 59(e)(2) expenditures Type G Amount G

d 12dOther deductions (see instructions) . . Type G

Credits 13 a 13aLow-income housing credit (section 42(j)(5)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13bLow-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b

c 13cQualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . . . . . . . .

d 13dOther rental real estate credits (see instrs) Type G

13ee Other rental credits (see instrs) Type G

f 13 fBiofuel producer credit (attach Form 6478) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g 13gOther credits (see instructions) . . . . . . TypeG

G14 aForeign Name of country or U.S. possessionTrans- b 14bGross income from all sources. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . actions

c 14cGross income sourced at shareholder level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Foreign gross income sourced at corporate level

d 14dPassive category. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14ee General category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f 14 fOther (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at shareholder level

g 14gInterest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h 14hOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at corporate level to foreign source income

i 14 iPassive category. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j 14 jGeneral category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

k 14kOther (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other information

14 ll Paid Accrued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total foreign taxes (check one): G

m Reduction in taxes available for credit

14m(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

n Other foreign tax information (attach statement)

15 a 15aAlterna- Post-1986 depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tive 15bb Adjusted gain or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mini-

c 15cmum Depletion (other than oil and gas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax d 15dOil, gas, and geothermal properties ' gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (AMT)

e 15eItems Oil, gas, and geothermal properties ' deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f 15 fOther AMT items (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16 a 16aItems Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Affec- b 16bOther tax-exempt income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tingc 16cShare- Nondeductible expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

holder d 16dDistributions (attach stmt if required) (see instrs). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basise 16eRepayment of loans from shareholders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 1120S (2016)BAA SPSA0134L 08/17/16

**********************************9999

704,800.12,000.

1,800.5,000.

5,000.

9,000.

25,000.600.

2,170.

1,000.

28,000.400,000.

See Statement 2

Form 1120S (2016)

Total amountSchedule K Shareholders' Pro Rata Share Items (continued)17 a 17aOther Investment income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Infor- b 17bInvestment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . mationc 17cDividend distributions paid from accumulated earnings and profits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Other items and amounts

(attach statement)

Recon- 18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right column.ciliation 18From the result, subtract the sum of the amounts on lines 11 through 12d and 14l . . . . . . . . . . . . . . . .

Beginning of tax year End of tax yearBalance Sheets per BooksSchedule L(a) (b) (c) (d)Assets

1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 a Trade notes and accounts receivable. . . . . . . .

b Less allowance for bad debts. . . . . . . . . . . . . . .

3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 U.S. government obligations. . . . . . . . . . . . . . . .

5 Tax-exempt securities (see instructions). . . . .

6 Other current assets (attach stmt). . . . . . . . . . . . . . . . . .

7 Loans to shareholders. . . . . . . . . . . . . . . . . . . . . .

8 Mortgage and real estate loans . . . . . . . . . . . . .

9 Other investments (attach statement) . . . . . . . . . . . . . . .

10 a Buildings and other depreciable assets. . . . . .

b Less accumulated depreciation . . . . . . . . . . . . .

11 a Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . .

b Less accumulated depletion . . . . . . . . . . . . . . . .

12 Land (net of any amortization). . . . . . . . . . . . . .

13 a Intangible assets (amortizable only). . . . . . . . .

b Less accumulated amortization . . . . . . . . . . . . .

14 Other assets (attach stmt). . . . . . . . . . . . . . . . . .

15 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liabilities and Shareholders' Equity

16 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . .

17 Mortgages, notes, bonds payable in less than 1 year . . . .

18 Other current liabilities (attach stmt). . . . . . . . . . . . . . . .

19 Loans from shareholders . . . . . . . . . . . . . . . . . . .

20 Mortgages, notes, bonds payable in 1 year or more . . . . .

21 Other liabilities (attach statement) . . . . . . . . . . . . . . . . .

22 Capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 Additional paid-in capital . . . . . . . . . . . . . . . . . . .

24 Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . .

25 Adjustments to shareholders' equity (att stmt). . . . . . . . .

26 Less cost of treasury stock . . . . . . . . . . . . . . . . .

27 Total liabilities and shareholders' equity . . . . .

SPSA0134L 08/17/16 Form 1120S (2016)

**********************************9999

6,800.

707,000.

36,185. 160,045.100,000. 300,000.

100,000. 300,000.

10,000.

35,000. 25,000.440,000. 442,000.37,185. 402,815. 40,945. 401,055.

100,000. 100,000.4,500. 4,500.

300. 4,200. 600. 3,900.

678,200. 1,000,000.

4,000. 10,700.26,200. 29,000.31,530. 102,830.

342,000. 313,000.

40,000. 40,000.

234,470. 504,470.

678,200. 1,000,000.

See St 4

See St 5

See Statement 3

Form 1120S (2016)

Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per ReturnNote: The corporation may be required to file Schedule M-3 (see instructions)

51 Net income (loss) per books. . . . . . . . . . . . . . . . Income recorded on books this year not includedon Schedule K, lines 1 through 10 (itemize):2 Income included on Schedule K, lines 1, 2, 3c, 4, 5a, 6, 7,

8a, 9, and 10, not recorded on books this year (itemize): $a Tax-exempt interest.

3 Expenses recorded on books this year not 6 Deductions included on Schedule K, lines 1 throughincluded on Schedule K, lines 1 through 12, 12 and 14l, not charged against book income thisand 14l (itemize): year (itemize):

$ $aa Depreciation. . . . . . . . Depreciation. . . .

$b Travel and entertainment . .

7 Add lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . .

4 8Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . Income (loss) (Schedule K, ln 18). Ln 4 less ln 7 . . .

Schedule M-2 Analysis of Accumulated Adjustments Account, Other Adjustments Account, andShareholders' Undistributed Taxable Income Previously Taxed (see instructions)

(c) Shareholders' undis-(a) Accumulated (b) Othertributed taxable incomeadjustments account adjustments account

previously taxed

1 Balance at beginning of tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Ordinary income from page 1, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Loss from page 1, line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Other reductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Combine lines 1 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Distributions other than dividend distributions. . . . . . . . . . . . . . . . . . . . . .

8 Balance at end of tax year. Subtract line 7 from line 6. . . . . . . . . . . . . .

SPSA0134L 08/17/16 Form 1120S (2016)

**********************************9999

670,000.

1,000.10,000. 11,000.

13,000.35,000. 48,000. 11,000.

718,000. 707,000.

234,470.704,800.37,800. 1,000.

( 53,600.)923,470. 1,000.400,000.523,470. 1,000.

Statement 7

See Statement 6

See Statement 8

See Statement 9

__________________________________________________________________ © The Garvs, LLC Phoenix Beach, LLC Training for Business Professionals

Thispageisintentionallyleftblank

Rental Real Estate Income and Expenses of aForm 8825OMB No. 1545-1186Partnership or an S Corporation

(Rev December 2010)

G See instructions.Department of the TreasuryInternal Revenue Service G Attach to Form 1065, Form 1065-B, or Form 1120S.

Employer identification numberName

1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rentalvalue and days with personal use. See instructions. See page 2 to list additional properties.

Fair Rental PersonalPhysical address of each property ' street, city, Type ' Enter code 1-8;state, ZIP code see page 2 for list Days Use Days

A

B

C

D

Properties

Rental Real Estate Income A B C D

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance. . . . . . . . . . . .

6 6Commissions . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees . . . . .

9 9Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 10Repairs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . .

GOther (list)15

15

Total expenses for each property.1616Add lines 3 through 15 . . . . . . . . . . . . . . .

Income or (Loss) from each property.1717Subtract line 16 from line 2. . . . . . . . . . .

18 a 18 aTotal gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 b 18 bTotal expenses. Add total expenses from line 16, columns A through H. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real1919estate activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this20 a20 apartnership or S corporation is a partner or beneficiary (from Schedule K-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a.Attach a schedule if more space is needed:

Name Employer identification number(1) (2)

21 21Net rental estate income (loss). Combine lines 18a through 20a. Enter the result here and on:

? Form 1065 or 1120S: Schedule K, line 2, or

? Form 1065-B: Part I, line 4

SPSZ0101L 03/09/11 Form 8825 (12-2010)BAA For Paperwork Reduction Act Notice, see the separate instructions.

Buckeye Consulting, Inc. ******9999

72,000.-60,000.

12,000.

1111 Big Ten Ln

72,000.

14,400.

60,000.

35,600.

10,000.

Buckeye, AZ 85326 4 366

12,000.

Form 8825 (12-2010)

1 Show the type and address of each property. For each rental real estate property listed, report the number of days at fair rental value anddays with personal use. See instructions.

Fair Rental PersonalPhysical address of each property ' street, city, Type ' Enter code 1-8;state, ZIP code see below for list Days Use Days

E

F

G

H

Properties

Rental Real Estate Income E F G H

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance . . . . . . . . . . . .

6 6Commissions. . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees. . . . . .

9 9Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 10Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries. . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . . .

GOther (list)15

15

16 Total expenses for each property.16Add lines 3 through 15. . . . . . . . . . . . . . . .

17 Income or (Loss) from each property.17Subtract line 16 from line 2. . . . . . . . . . . .

Allowable Codes for Type of Property

1 ' Single Family Residence

2 ' Multi-Family Residence

3 ' Vacation or Short-Term Rental

4 ' Commercial

5 ' Land

6 ' Royalties

7 ' Self-Rental

8 ' Other (include description with the code on Form 8825 or on a separate statement)

SPSZ0102L 01/07/11 Form 8825 (12-2010)BAA


OMB No. 1545-0123SCHEDULE D Capital Gains and Losses and Built-in Gains(Form 1120S)

G Attach to Form 1120S.G Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. 2016Department of the Treasury G Information about Schedule D and its separate instructions is at www.irs.gov/form1120s.Internal Revenue Service

Name Employer identification number

Part I Short-Term Capital Gains and Losses ' Assets Held One Year or Less

See instructions for how to figure the amounts to (d) (g) Adjustments to(e) (h) Gain or (loss).enter on the lines below. Proceeds gain or loss fromCost Subtract column (e) from

(sales price) Form(s) 8949, Part I,(or other basis) column (d) and combine theThis form may be easier to complete if you round line 2, column (g) result with column (g)off the cents to whole dollars.

Totals for all short-term transactions1areported on Form 1099-B for which basiswas reported to the IRS and for which youhave no adjustments (see instructions).However, if you choose to report all thesetransactions on Form 8949, leave this line

blank and go to line 1b. . . . . . . . . . . . . . . . . . . . .

Totals for all transactions reported on1bForm(s) 8949 with Box A checked . . . . . . . . . .

Totals for all transactions reported on2Form(s) 8949 with Box B checked . . . . . . . . . .

Totals for all transactions reported on3Form(s) 8949 with Box C checked . . . . . . . . . .

Short-term capital gain from installment sales from Form 6252, line 26 or 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4

Short-term capital gain or (loss) from like-kind exchanges from Form 8824. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5

Tax on short-term capital gain included on line 23 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and onForm 1120S, Schedule K, line 7 or 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Part II Long-Term Capital Gains and Losses ' Assets Held More Than One Year

See instructions for how to figure the amounts to (g) Adjustments to (h) Gain or (loss).(d) (e)enter on the lines below. gain or loss from Subtract column (e) fromProceeds Cost

Form(s) 8949, Part II, column (d) and combine the(sales price) (or other basis)This form may be easier to complete if you round line 2, column (g) result with column (g)off the cents to whole dollars.

Totals for all long-term transactions8areported on Form 1099-B for which basiswas reported to the IRS and for which youhave no adjustments (see instructions).However, if you choose to report all thesetransactions on Form 8949, leave this lineblank and go to line 8b. . . . . . . . . . . . . . . . . . . . .

Totals for all transactions reported on8bForm(s) 8949 with Box D checked. . . . . . . . . . .

Totals for all transactions reported on9Form(s) 8949 with Box E checked . . . . . . . . . . .

Totals for all transactions reported on10Form(s) 8949 with Box F checked . . . . . . . . . . .

11 11Long-term capital gain from installment sales from Form 6252, line 26 or 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Long-term capital gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 Capital gain distributions (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Tax on long-term capital gain included on line 23 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 14

Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Enter here and on15Form 1120S, Schedule K, line 8a or 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Schedule D (Form 1120S) 2016BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1120S.

SPSA0301L 08/22/16


19,000. 10,000. 9,000.

9,000.

Schedule D (Form 1120S) 2016 Page 2

Built-in Gains Tax (See instructions before completing this part.)Part III

Excess of recognized built-in gains over recognized built-in losses (attach computation statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 16

Taxable income (attach computation statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 17

Net recognized built-in gain. Enter the smallest of line 16, line 17, or line 8 of Schedule B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 18

Section 1374(b)(2) deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 19

Subtract line 19 from line 18. If zero or less, enter -0- here and on line 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20

Enter 35% of line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 21

Section 1374(b)(3) business credit and minimum tax credit carryforwards from C corporation years . . . . . . . . . . 22 22

Tax. Subtract line 22 from line 21 (if zero or less, enter -0-). Enter here and on Form 1120S,2323page 1, line 22b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule D (Form 1120S) 2016

SPSA0301L 08/22/16


671113Final K-1 Amended K-1 OMB No. 1545-0123Schedule K-1 2016(Form 1120S) Part III Shareholder's Share of Current Year Income,

Department of the Treasury For calendar year 2016, or tax Deductions, Credits, and Other ItemsInternal Revenue Service

Ordinary business income (loss) Creditsyear beginning , 2016 1 13

ending ,

Net rental real estate income (loss)2Shareholder's Share of Income, Deductions,

G See page 2 of form and separate instructions.Credits, etc. Other net rental income (loss)3

Part I Information About the CorporationInterest income4

Corporation's employer identification numberA

Ordinary dividends5 a

Corporation's name, address, city, state, and ZIP codeB

Qualified dividends Foreign transactions5 b 14

Royalties6

Net short-term capital gain (loss)7

IRS Center where corporation filed returnC

Net long-term capital gain (loss)8 a

Information About the ShareholderPart IICollectibles (28%) gain (loss)8 b

Shareholder's identifying numberD

Unrecaptured section 1250 gain8 c

Shareholder's name, address, city, state, and ZIP codeE

Net section 1231 gain (loss)9

Other income (loss) Alternative minimum tax (AMT) items10 15

F Shareholder's percentage of stock%ownership for tax year. . . . . . . . . . . . . . . . . . . . .

Section 179 deduction Items affecting shareholder basis11 16

Other deductions12FOR

IRS

USE

Other information17ONLY

*See attached statement for additional information.

Schedule K-1 (Form 1120S) 2016BAA For Paperwork Reduction Act Notice, see Instructions for Form 1120S.

SPSA0412L 08/22/16

352,400.

* 6,000.

900.******9999

2,500.

2,500.Buckeye Consulting, Inc.2015 National Champions DrBuckeye, AZ 85326

Ogden, UT4,500.

*******XXXX

A 1,085.

Archie Schlister1234 Mirror Lake RdBuckeye, AZ 85326

50

A 500.

A 12,500. C 14,000.

H 300. D 200,000.

A 3,400.

K* STMT

U* STMT

Shareholder 1

Schedule K-1 (Form 1120S) 2016 Page 2

This list identifies the codes used on Schedule K-1 for all shareholders and provides summarized reporting information for shareholderswho file Form 1040. For detailed reporting and filing information, see the separate Shareholder's Instructions for Schedule K-1 and theinstructions for your income tax return.

Ordinary business income (loss). Determine whether the income (loss) is passive Code Report on1or nonpassive and enter on your return as follows:

Credit for employer social security andNReport on See the Shareholder'sMedicare taxesInstructions

Passive loss See the Shareholder's Instructions Backup withholdingOPassive income Schedule E, line 28, column (g) Other creditsPNonpassive loss Schedule E, line 28, column (h)

Foreign transactionsNonpassive income Schedule E, line 28, column (j) 14Name of country or U.S. possessionASee the Shareholder's InstructionsNet rental real estate income (loss)2Gross income from all sourcesBOther net rental income (loss)3 Form 1116, Part I

Net income Schedule E, line 28, column (g) Gross income sourced atCshareholder levelNet loss See the Shareholder's Instructions

Foreign gross income sourced at corporate levelForm 1040, line 8aInterest income4Passive categoryDForm 1040, line 9aOrdinary dividends5 a

Form 1116, Part IGeneral categoryEForm 1040, line 9bQualified dividends5 bOtherFSchedule E, line 4Royalties6

Deductions allocated and apportioned at shareholder levelSchedule D, line 5Net short-term capital gain (loss)7Interest expense Form 1116, Part IGSchedule D, line 12Net long-term capital gain (loss)8 aOther Form 1116, Part IH28% Rate Gain Worksheet, line 4Collectibles (28%) gain (loss)8 b

(Schedule D instructions) Deductions allocated and apportioned at corporate levelSee the Shareholder's InstructionsUnrecaptured section 1250 gain8 c to foreign source income

Passive categoryISee the Shareholder's InstructionsNet section 1231 gain (loss)9Form 1116, Part IGeneral categoryJOther income (loss)10

OtherKCodeOther portfolio income (loss) See the Shareholder's InstructionsA Other information

Total foreign taxes paid Form 1116, Part IILInvoluntary conversions See the Shareholder's InstructionsBTotal foreign taxes accrued Form 1116, Part IIMSec. 1256 contracts and straddles Form 6781, line 1CReduction in taxes available for credit Form 1116, line 12NMining exploration costs recapture See Pub 535DForeign trading gross receipts Form 8873OOther income (loss) See the Shareholder's InstructionsEExtraterritorial income exclusion Form 8873PSee the Shareholder's InstructionsSection 179 deduction11Other foreign transactions See the Shareholder's InstructionsQOther deductions12

Alternative minimum tax (AMT) itemsCash contributions (50%)A 15Post-1986 depreciation adjustmentACash contributions (30%)BAdjusted gain or lossBNoncash contributions (50%)C

See the Shareholder'sDepletion (other than oil & gas)CSee the Shareholder'sNoncash contributions (30%)DInstructions and theInstructions

Oil, gas, & geothermal ' gross income Instructions for Form 6251DCapital gain property to a 50%Eorganization (30%) Oil, gas, & geothermal ' deductionsECapital gain property (20%)F Other AMT itemsFContributions (100%)G Items affecting shareholder basis16Investment interest expense Form 4952, line 1H Tax-exempt interest income Form 1040, line 8bADeductions ' royalty income Schedule E, line 19I Other tax-exempt incomeBSection 59(e)(2) expenditures See the Shareholder's InstructionsJ Nondeductible expensesC See the Shareholder's

InstructionsDeductions ' portfolio (2% floor) Schedule A, line 23K DistributionsDDeductions ' portfolio (other) Schedule A, line 28L Repayment of loans from shareholdersEPreproductive period expenses See the Shareholder's InstructionsM Other information17

Investment income Form 4952, line 4aACommercial revitalization deduction fromNrental real estate activities See Form 8582 instructions Investment expenses Form 4952, line 5BReforestation expense deduction See the Shareholder's InstructionsO Qualified rehabilitation expendituresC

(other than rental real estate) See the Shareholder's InstructionsDomestic production activities information See Form 8903 instructionsPBasis of energy property See the Shareholder's InstructionsDQualified production activities income Form 8903, line 7bQRecapture of low-income housing creditEEmployer's Form W-2 wages Form 8903, line 17R(section 42(j)(5)) Form 8611, line 8

Other deductions See the Shareholder's InstructionsSRecapture of low-income housing creditF(other) Form 8611, line 8Credits13Recapture of investment credit See Form 4255GLow-income housing credit (section 42(j)(5))A

from pre-2008 buildingsRecapture of other credits See the Shareholder's InstructionsH

Low-income housing credit (other) fromB Look-back interest ' completed long-term contracts See Form 8697Ipre-2008 buildingsLook-back interest ' income forecast method See Form 8866JLow-income housing credit (section 42(j)(5))C

from post-2007 buildings Dispositions of property with section 179 deductionsKSee the Shareholder'sLow-income housing credit (other) from InstructionsD Recapture of section 179 deductionLpost-2007 buildings

Section 453(l)(3) informationMQualified rehabilitation expenditures (rentalE

Section 453A(c) informationNreal estate)

Section 1260(b) informationOOther rental real estate creditsFSee theInterest allocable to production expendituresPOther rental creditsGShareholder's

CCF nonqualified withdrawalsQUndistributed capital gains credit Form 1040, line 73, box aH Instructions

Depletion information ' oil and gasRBiofuel producer creditIReservedSWork opportunity creditJ

See the Shareholder'sSection 108(i) informationTDisabled access creditK Instructions

L Empowerment zone employment credit Net investment incomeUCredit for increasing research activitiesM Other informationV

SPSA0412L 08/22/16 Schedule K-1 (Form 1120S) 2016


*****************************************XXXX

SPSL1201L 06/16/16

*******************************9999Supplemental Information 3Schedule K-1 (Form 1120S) 2016 Page

*****************************************XXXX

Box 2Net Rental Real Estate Income (loss)

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. Passive

Total $ 6,000.

Box 17Other Information

* Descriptive InformationU Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Box 17, Code KDisposition of Assets with Prior Section 179 Expense

Asset Description. . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through . . . . . 2013Date Acquired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2013Date Sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2016Sales Price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.

2016 Shareholder's Basis ComputationS Corporation Name Employer I.D. number

Name of Shareholder Shareholder's I.D. number

STOCK BASIS AT BEGINNING OF TAX YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

INCREASES: DECREASES:

Ordinary income . . . . . . . . . . . . . . . . . . . . . . Nondeductible expenses . . . . . . . . . . . . . . . . 2. 13.

Net income from rental activities . . . . . . . Oil and gas depletion . . . . . . . . . . . . . . . . . . . 3. 14.

Net portfolio income. . . . . . . . . . . . . . . . . . . Ordinary loss. . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 15.

Net gain under Section 1231. . . . . . . . . . . Net loss from rental activities. . . . . . . . . . . . 5. 16.

Other income . . . . . . . . . . . . . . . . . . . . . . . . . Net portfolio loss . . . . . . . . . . . . . . . . . . . . . . . 6. 17.

Tax-exempt interest income. . . . . . . . . . . . Net loss under Section 1231. . . . . . . . . . . . . 7. 18.

Other tax-exempt income. . . . . . . . . . . . . . Other loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 19.

Charitable contributions . . . . . . . . . . . . . . . . . Net gain on disposition of Section 179 assets. . . . . 9. 20.

Oil and gas depletion in excess of basis Section 179 expense deduction. . . . . . . . . . 10. 21.

OTHER INCREASES: Deductions related to portfolio income (loss). . . . . . . 11. 22.

Other deductions . . . . . . . . . . . . . . . . . . . . . . . 23.

Investment interest expense. . . . . . . . . . . . . 24.

Total foreign taxes. . . . . . . . . . . . . . . . . . . . . . 25.

Section 59(e) expenses . . . . . . . . . . . . . . . . . 26.

Prior year loss in excess of basis . . . . . . . . 27.

OTHER DECREASES:28.

Property distributions (including cash). . . . 29.

TOTAL INCREASES: (add lines 2 - 11) . TOTAL DECREASES (add lines 13 - 29) . 12. 30.

STOCK BASIS AT END OF TAX YEAR. (Line 1 plus line 12 minus line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.

DEBT BASIS AT BEGINNING OF TAX YEAR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.

33. ADJUSTMENTS TO DEBT BASIS:

DEBT BASIS AT END OF TAX YEAR (Combine Line 32 and 33). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.

SHAREHOLDER'S TOTAL BASIS AT END OF TAX YEAR (Add Line 31 and 34) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.

SPSL0212L 06/16/16


XXX-XX-XXXX

352,400.

Archie Schlister

132,235.

5,000.

500.

7,900.6,000.

14,000.

300.

12,500.

200,000.

0.

277,235.

226,800.371,800.

0.

277,235.

671113Final K-1 Amended K-1 OMB No. 1545-0123Schedule K-1 2016(Form 1120S) Part III Shareholder's Share of Current Year Income,

Department of the Treasury For calendar year 2016, or tax Deductions, Credits, and Other ItemsInternal Revenue Service

Ordinary business income (loss) Creditsyear beginning , 2016 1 13

ending ,

Net rental real estate income (loss)2Shareholder's Share of Income, Deductions,

G See page 2 of form and separate instructions.Credits, etc. Other net rental income (loss)3

Part I Information About the CorporationInterest income4

Corporation's employer identification numberA

Ordinary dividends5 a

Corporation's name, address, city, state, and ZIP codeB

Qualified dividends Foreign transactions5 b 14

Royalties6

Net short-term capital gain (loss)7

IRS Center where corporation filed returnC

Net long-term capital gain (loss)8 a

Information About the ShareholderPart IICollectibles (28%) gain (loss)8 b

Shareholder's identifying numberD

Unrecaptured section 1250 gain8 c

Shareholder's name, address, city, state, and ZIP codeE

Net section 1231 gain (loss)9

Other income (loss) Alternative minimum tax (AMT) items10 15

F Shareholder's percentage of stock%ownership for tax year. . . . . . . . . . . . . . . . . . . . .

Section 179 deduction Items affecting shareholder basis11 16

Other deductions12FOR

IRS

USE

Other information17ONLY

*See attached statement for additional information.

Schedule K-1 (Form 1120S) 2016BAA For Paperwork Reduction Act Notice, see Instructions for Form 1120S.

SPSA0412L 08/22/16

352,400.

* 6,000.

900.******9999

2,500.

2,500.Buckeye Consulting, Inc.2015 National Champions DrBuckeye, AZ 85326

Ogden, UT4,500.

*******YYYY

A 1,085.

Brutus Buckeye1982 BWW LnBuckeye, AZ 85326

50

A 500.

A 12,500. C 14,000.

H 300. D 200,000.

A 3,400.

K* STMT

U* STMT

Shareholder 2

Schedule K-1 (Form 1120S) 2016 Page 2

This list identifies the codes used on Schedule K-1 for all shareholders and provides summarized reporting information for shareholderswho file Form 1040. For detailed reporting and filing information, see the separate Shareholder's Instructions for Schedule K-1 and theinstructions for your income tax return.

Ordinary business income (loss). Determine whether the income (loss) is passive Code Report on1or nonpassive and enter on your return as follows:

Credit for employer social security andNReport on See the Shareholder'sMedicare taxesInstructions

Passive loss See the Shareholder's Instructions Backup withholdingOPassive income Schedule E, line 28, column (g) Other creditsPNonpassive loss Schedule E, line 28, column (h)

Foreign transactionsNonpassive income Schedule E, line 28, column (j) 14Name of country or U.S. possessionASee the Shareholder's InstructionsNet rental real estate income (loss)2Gross income from all sourcesBOther net rental income (loss)3 Form 1116, Part I

Net income Schedule E, line 28, column (g) Gross income sourced atCshareholder levelNet loss See the Shareholder's Instructions

Foreign gross income sourced at corporate levelForm 1040, line 8aInterest income4Passive categoryDForm 1040, line 9aOrdinary dividends5 a

Form 1116, Part IGeneral categoryEForm 1040, line 9bQualified dividends5 bOtherFSchedule E, line 4Royalties6

Deductions allocated and apportioned at shareholder levelSchedule D, line 5Net short-term capital gain (loss)7Interest expense Form 1116, Part IGSchedule D, line 12Net long-term capital gain (loss)8 aOther Form 1116, Part IH28% Rate Gain Worksheet, line 4Collectibles (28%) gain (loss)8 b

(Schedule D instructions) Deductions allocated and apportioned at corporate levelSee the Shareholder's InstructionsUnrecaptured section 1250 gain8 c to foreign source income

Passive categoryISee the Shareholder's InstructionsNet section 1231 gain (loss)9Form 1116, Part IGeneral categoryJOther income (loss)10

OtherKCodeOther portfolio income (loss) See the Shareholder's InstructionsA Other information

Total foreign taxes paid Form 1116, Part IILInvoluntary conversions See the Shareholder's InstructionsBTotal foreign taxes accrued Form 1116, Part IIMSec. 1256 contracts and straddles Form 6781, line 1CReduction in taxes available for credit Form 1116, line 12NMining exploration costs recapture See Pub 535DForeign trading gross receipts Form 8873OOther income (loss) See the Shareholder's InstructionsEExtraterritorial income exclusion Form 8873PSee the Shareholder's InstructionsSection 179 deduction11Other foreign transactions See the Shareholder's InstructionsQOther deductions12

Alternative minimum tax (AMT) itemsCash contributions (50%)A 15Post-1986 depreciation adjustmentACash contributions (30%)BAdjusted gain or lossBNoncash contributions (50%)C

See the Shareholder'sDepletion (other than oil & gas)CSee the Shareholder'sNoncash contributions (30%)DInstructions and theInstructions

Oil, gas, & geothermal ' gross income Instructions for Form 6251DCapital gain property to a 50%Eorganization (30%) Oil, gas, & geothermal ' deductionsECapital gain property (20%)F Other AMT itemsFContributions (100%)G Items affecting shareholder basis16Investment interest expense Form 4952, line 1H Tax-exempt interest income Form 1040, line 8bADeductions ' royalty income Schedule E, line 19I Other tax-exempt incomeBSection 59(e)(2) expenditures See the Shareholder's InstructionsJ Nondeductible expensesC See the Shareholder's

InstructionsDeductions ' portfolio (2% floor) Schedule A, line 23K DistributionsDDeductions ' portfolio (other) Schedule A, line 28L Repayment of loans from shareholdersEPreproductive period expenses See the Shareholder's InstructionsM Other information17

Investment income Form 4952, line 4aACommercial revitalization deduction fromNrental real estate activities See Form 8582 instructions Investment expenses Form 4952, line 5BReforestation expense deduction See the Shareholder's InstructionsO Qualified rehabilitation expendituresC

(other than rental real estate) See the Shareholder's InstructionsDomestic production activities information See Form 8903 instructionsPBasis of energy property See the Shareholder's InstructionsDQualified production activities income Form 8903, line 7bQRecapture of low-income housing creditEEmployer's Form W-2 wages Form 8903, line 17R(section 42(j)(5)) Form 8611, line 8

Other deductions See the Shareholder's InstructionsSRecapture of low-income housing creditF(other) Form 8611, line 8Credits13Recapture of investment credit See Form 4255GLow-income housing credit (section 42(j)(5))A

from pre-2008 buildingsRecapture of other credits See the Shareholder's InstructionsH

Low-income housing credit (other) fromB Look-back interest ' completed long-term contracts See Form 8697Ipre-2008 buildingsLook-back interest ' income forecast method See Form 8866JLow-income housing credit (section 42(j)(5))C

from post-2007 buildings Dispositions of property with section 179 deductionsKSee the Shareholder'sLow-income housing credit (other) from InstructionsD Recapture of section 179 deductionLpost-2007 buildings

Section 453(l)(3) informationMQualified rehabilitation expenditures (rentalE

Section 453A(c) informationNreal estate)

Section 1260(b) informationOOther rental real estate creditsFSee theInterest allocable to production expendituresPOther rental creditsGShareholder's

CCF nonqualified withdrawalsQUndistributed capital gains credit Form 1040, line 73, box aH Instructions

Depletion information ' oil and gasRBiofuel producer creditIReservedSWork opportunity creditJ

See the Shareholder'sSection 108(i) informationTDisabled access creditK Instructions

L Empowerment zone employment credit Net investment incomeUCredit for increasing research activitiesM Other informationV

SPSA0412L 08/22/16 Schedule K-1 (Form 1120S) 2016


***************************************YYYY

SPSL1201L 06/16/16

*******************************9999Supplemental Information 3Schedule K-1 (Form 1120S) 2016 Page

***************************************YYYY

Box 2Net Rental Real Estate Income (loss)

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. Passive

Total $ 6,000.

Box 17Other Information

* Descriptive InformationU Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Box 17, Code KDisposition of Assets with Prior Section 179 Expense

Asset Description. . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through . . . . . 2013Date Acquired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2013Date Sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2016Sales Price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.

2016 Shareholder's Basis ComputationS Corporation Name Employer I.D. number

Name of Shareholder Shareholder's I.D. number

STOCK BASIS AT BEGINNING OF TAX YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

INCREASES: DECREASES:

Ordinary income . . . . . . . . . . . . . . . . . . . . . . Nondeductible expenses . . . . . . . . . . . . . . . . 2. 13.

Net income from rental activities . . . . . . . Oil and gas depletion . . . . . . . . . . . . . . . . . . . 3. 14.

Net portfolio income. . . . . . . . . . . . . . . . . . . Ordinary loss. . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 15.

Net gain under Section 1231. . . . . . . . . . . Net loss from rental activities. . . . . . . . . . . . 5. 16.

Other income . . . . . . . . . . . . . . . . . . . . . . . . . Net portfolio loss . . . . . . . . . . . . . . . . . . . . . . . 6. 17.

Tax-exempt interest income. . . . . . . . . . . . Net loss under Section 1231. . . . . . . . . . . . . 7. 18.

Other tax-exempt income. . . . . . . . . . . . . . Other loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 19.

Charitable contributions . . . . . . . . . . . . . . . . . Net gain on disposition of Section 179 assets. . . . . 9. 20.

Oil and gas depletion in excess of basis Section 179 expense deduction. . . . . . . . . . 10. 21.

OTHER INCREASES: Deductions related to portfolio income (loss). . . . . . . 11. 22.

Other deductions . . . . . . . . . . . . . . . . . . . . . . . 23.

Investment interest expense. . . . . . . . . . . . . 24.

Total foreign taxes. . . . . . . . . . . . . . . . . . . . . . 25.

Section 59(e) expenses . . . . . . . . . . . . . . . . . 26.

Prior year loss in excess of basis . . . . . . . . 27.

OTHER DECREASES:28.

Property distributions (including cash). . . . 29.

TOTAL INCREASES: (add lines 2 - 11) . TOTAL DECREASES (add lines 13 - 29) . 12. 30.

STOCK BASIS AT END OF TAX YEAR. (Line 1 plus line 12 minus line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.

DEBT BASIS AT BEGINNING OF TAX YEAR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.

33. ADJUSTMENTS TO DEBT BASIS:

DEBT BASIS AT END OF TAX YEAR (Combine Line 32 and 33). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.

SHAREHOLDER'S TOTAL BASIS AT END OF TAX YEAR (Add Line 31 and 34) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.

SPSL0212L 06/16/16


YYY-YY-YYYY

352,400.

Brutus Buckeye

142,235.

5,000.

500.

7,900.6,000.

14,000.

300.

12,500.

200,000.

0.

287,235.

226,800.371,800.

0.

287,235.

Form 1125-E Compensation of OfficersOMB No. 1545-0123(Rev October 2016)

G Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S.Department of the Treasury

G Information about Form 1125-E and its separate instructions is at www.irs.gov/form1125e.Internal Revenue Service

Name Employer identification number

Note: Complete Form 1125-E only if total receipts are $500,000 or more. See instructions for definition of total receipts.

(c) Percent of Percent of stock owned(b) Social security (f) Amount of(a) Name of officer time devoted1 number compensation(d) Common (e) Preferredto business

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

2 Total compensation of officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Compensation of officers claimed on Form 1125-A or elsewhere on return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Subtract line 3 from line 2. Enter the result here and on Form 1120, page 1, line 12 or the appropriate

line of your tax return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 1125-E (Rev 10-2016)BAA For Paperwork Reduction Act Notice, see separate instructions.

CPCA2101L 08/18/16

200,000.

200,000.

******9999Buckeye Consulting, Inc.

Archie Schlister *******1111 100 50.00 101,000.

Brutus Buckeye *******2222 100 50.00 99,000.

__________________________________________________________________ © The Garvs, LLC Phoenix Beach, LLC Training for Business Professionals

Thispageisintentionallyleftblank

2016 Federal Statements Page 1


Statement 1Form 1120S, Line 19Other Deductions

Amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300.Auto and Truck Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500.Bank Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800.Dues and Subscriptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200.Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,100.Janitorial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,100.Legal and Professional. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000.Meals & entertainment - 100% deductible. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000.Meals and Entertainment Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000.Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 610.Office Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000.Postage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,500.Printing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,900.Professional development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900.Telephone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,200.Travel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000.Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,500.

Total $ 142,610.

Statement 2Form 1120S, Schedule K, Line 12aCharitable Contributions

Cash Contributions - 50% Limitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,000.Total $ 25,000.

Statement 3Form 1120S, Schedule K, Line 17dOther Items and Amounts

Disposition of Assets with Prior Section 179 Expense

Asset Description . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through. . . . . 2013Date Acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2013Date Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2016Sales Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.

Statement 4Form 1120S, Schedule L, Line 9Other Investments

Beginning Ending

ABC, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000. $ 0.OSU Tax-Free Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000. 20,000.



Statement 4 (continued)Form 1120S, Schedule L, Line 9Other Investments

Beginning Ending

XYZ, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,000. $ 5,000.Total $ 35,000. $ 25,000.

Statement 5Form 1120S, Schedule L, Line 18Other Current Liabilities

Beginning Ending

Accrued payroll taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,530. $ 3,830.Accrued shareholder wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000. 30,000.Accrued wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000. 50,000.Line of credit payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. 19,000.

Total $ 31,530. $ 102,830.

Statement 6Form 1120S, Schedule M-1, Line 3Expenses On Books Not On Schedule K

Accrued shareholder wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20,000.Country club dues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Political contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.

Total $ 35,000.

Statement 7Form 1120S, Schedule M-1, Line 5Income On Books Not On Schedule K

Gain (Loss) on Disposition of Section 179 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Total $ 10,000.

Statement 8Form 1120S, Schedule M-2, Column A, Line 3Other Additions

Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,800.Long-Term Capital Gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000.Net Gain on Disposition of Section 179 Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Net Rental Real Estate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000.Ordinary Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.

Total $ 37,800.



Statement 9Form 1120S, Schedule M-2, Column A, Line 5Other Reductions

Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,000.Country club dues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Disallowed Meals and Entertainment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000.Investment Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600.Political contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.

Total $ 53,600.

2016 General Elections Page 1


Section 1.263(a)-1(f) De Minimis Safe Harbor Election

The Corporation hereby makes the de minimis safe harbor election under Regulation1.263(a)-1(f).

Buckeye Consulting, Inc.2015 National Champions DrBuckeye, AZ 85326******9999

1120s u.s. income tax return for an s corporation g 2016 g

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