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Gary D.

Davis, CPA, PC
6400 Pleasant Run Rd
Colleyville, TX 76034
817-605-7277

September 15, 2020

CONFIDENTIAL

INTERTECH FLUID POWER INC


976 FALL CREEK
GRAPEVINE, TX 76051

Dear Billy:

We have prepared the following returns from information provided by you without verification
or audit:

U.S. Income Tax Return for an S Corporation (Form 1120-S)

We suggest that you examine these returns carefully to fully acquaint yourself with all items
contained therein to ensure that there are no omissions or misstatements. Attached are
instructions for signing and filing each return. Please follow those instructions carefully.

Also enclosed is any material you furnished for use in preparing the returns. If the returns are
examined, requests may be made for supporting documentation. Therefore, we recommend that
you retain all pertinent records for at least seven years.

In order that we may properly advise you of tax considerations, please keep us informed of any
significant changes in your financial affairs or of any correspondence received from taxing
authorities.

If you have any questions, or if we can be of assistance in any way, please call.

Sincerely,

Gary D. Davis, CPA, PC


Gary D. Davis, CPA, PC
6400 Pleasant Run Rd
Colleyville, TX 76034
817-605-7277

September 15, 2020

CONFIDENTIAL

INTERTECH FLUID POWER INC


976 FALL CREEK
GRAPEVINE, TX 76051

For professional services rendered in connection with the preparation of your 2019 corporate tax
return:

Tax Return.......................................................................................................$ 2,000.00


2020 Texas Franchise tax reports .................................................................... 150.00

Preparation fee 2,150.00

Discount at 100% -2,150.00

Amount due $ 0.00


Filing Instructions

INTERTECH FLUID POWER INC

Form 8879-S

U.S. S Corporation Income Tax Declaration for an IRS e-file Return


with Electronic Filing Personal Identification Number

Taxable Year Ended December 31, 2019

Date Due: September 15, 2020

Remittance: None is required. No amount is due or overpaid.

Signature: You are using the Personal Identification Number (PIN) for signing your return
electronically. Form 8879-S, IRS e-file Signature Authorization for Form 1120S
should be signed and dated by an authorized officer of the corporation and
returned to:

Gary D. Davis, CPA, PC


6400 Pleasant Run Rd
Colleyville, TX 76034

Important: Your return will not be filed with the IRS until the signed Form
8879-S, IRS e-file Signature Authorization for Form 1120S has been
received by this office.

Other: Your return is being filed electronically with the IRS and is not required to be
mailed. If you mail a paper copy of Form 1120-S to the IRS it will delay
processing of your return.
INTERTECH 09/15/2020

Form 8879-S IRS e-file Signature Authorization for Form 1120S


 ERO must obtain and retain completed Form 8879-S.
OMB No. 1545-0123

Department of the Treasury


Internal Revenue Service
 Go to www.irs.gov/Form8879S for the latest information.
For calendar year 2019, or tax year beginning , and ending .
2019
Name of corporation Employer identification number
INTERTECH FLUID POWER INC 75-2855417
Part I Tax Return Information (Whole dollars only)
1 Gross receipts or sales less returns and allowances (Form 1120-S, line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6,070,016
2 Gross profit (Form 1120-S, line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1,933,415
3 Ordinary business income (loss) (Form 1120-S, line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 101,825
4 Net rental real estate income (loss) (Form 1120-S, Schedule K, line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Income (loss) reconciliation (Form 1120-S, Schedule K, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 74,829
Part II Declaration and Signature Authorization of Officer (Be sure to get a copy of the corporation's return)

Under penalties of perjury, I declare that I am an officer of the above corporation and that I have examined a copy of the corporation's
2019 electronic income tax return and accompanying schedules and statements and to the best of my knowledge and belief, it is true,
correct, and complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the corporation's
electronic income tax return. I consent to allow my electronic return originator (ERO), transmitter, or intermediate service provider to
send the corporation's return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the
transmission, (b) the reason for any delay in processing the return or refund, and (c) the date of any refund. If applicable, I authorize
the U.S. Treasury and its designated Financial Agent to initiate an electronic funds withdrawal (direct debit) entry to the financial
institution account indicated in the tax preparation software for payment of the corporation’s federal taxes owed on this return, and
the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at
1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved
in the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve
issues related to the payment. I have selected a personal identification number (PIN) as my signature for the corporation’s electronic
income tax return and, if applicable, the corporation’s consent to electronic funds withdrawal.

Officer's PIN: check one box only

X I authorize Gary D. Davis, CPA, PC to enter my PIN 55417 as my signature


ERO firm name Don’t enter all zeros
on the corporation's 2019 electronically filed income tax return.

As an officer of the corporation, I will enter my PIN as my signature on the corporation's 2019 electronically filed income tax
return.

Officer's signature  Date  08/27/20 Title 


President
WILLIAM R BUHRKUHL
Part III Certification and Authentication

ERO's EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN. 75996311304
Don’t enter all zeros

I certify that the above numeric entry is my PIN, which is my signature on the 2019 electronically filed income tax return for the
corporation indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file
Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business
Returns.

ERO's signature  Date  08/27/20

ERO Must Retain This Form — See Instructions


Don't Submit This Form to the IRS Unless Requested To Do So

For Paperwork Reduction Act Notice, see instructions. Form 8879-S (2019)

DAA
INTERTECH 09/15/2020

Form 1120-S U.S. Income Tax Return for an S Corporation


OMB No. 1545-0123

Department of the Treasury


Internal Revenue Service
 Do not file this form unless the corporation has filed or
is attaching Form 2553 to elect to be an S corporation.
 Go to www.irs.gov/Form1120S for instructions and the latest information.
2019
For calendar year 2019 or tax year beginning , ending
A S election effective date Name D Employer identification number
01/01/01 TYPE
INTERTECH FLUID POWER INC
B Business activity code 75-2855417
number (see instructions)
OR Number, street, and room or suite no. If a P.O. box, see instructions. E Date incorporated
423800 976 FALL CREEK 12/20/1999
C Check if Sch. M-3 PRINT City or town, state or province, country, and ZIP or foreign postal code F Total assets (see instructions)
attached GRAPEVINE TX 76051
$ 986,345
G Is the corporation electing to be an S corporation beginning with this tax year? Yes X No If "Yes," attach Form 2553 if not already filed
H Check if: (1) Final return (2) Name change (3) Address change (4) Amended return (5) S election termination or revocation
I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
J Check if corporation: (1) 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 21. See the instructions for more information.
1a Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a 6,070,016
b Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b
c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 6,070,016
Income

2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4,136,601


3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1,933,415
4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6 1,933,415
7 Compensation of officers (see instructions–attach Form 1125-E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 805,700
Deductions(see instructions for limitations)

8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 112,440


9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 12,780
10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 10,498
11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 148,146
12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 74,219
13 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 30,959
14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . 14 28,660
15 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 6,854
17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 27,365
18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 10,467
19 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . See Stmt
.......................... 1 19 563,502
20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  20 1,831,590
21 Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 101,825
22a Excess net passive income or LIFO recapture tax (see instructions) . . . . . . . . . . . . . . . . . . . . 22a
b Tax from Schedule D (Form 1120-S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22b
c Add lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22c
Tax and Payments

23a 2019 estimated tax payments and 2018 overpayment credited to 2019 . . . . . . . . . . . . . . . . . . 23a
b Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23b
c Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . . . . . . . . . . . . . . . . . . 23c
d Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23d
e Add lines 23a through 23d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23e
24 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  24
25 Amount owed. If line 23e is smaller than the total of lines 22c and 24, enter amount owed . . . . . . . . . . . . . . . . . . . . . 25
26 Overpayment. If line 23e is larger than the total of lines 22c and 24, enter amount overpaid ................... 26
27 Enter amount from line 26: Credited to 2020 estimated tax  Refunded  27
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, May the IRS discuss this return with the preparer
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. shown below? See instructions. X Yes No

Sign President
Here Signature of officer WILLIAM R BUHRKUHL Date Title
Print/Type preparer's name Preparer's signature Date Check if PTIN
Paid Gary D. Davis 09/15/20 self-employed P01274278
Preparer Firm's name  Gary D. Davis, CPA, PC Firm's EIN  75-2948825
Use Only Firm's address  6400 Pleasant Run Rd
Colleyville, TX 76034 Phone no. 817-605-7277
For Paperwork Reduction Act Notice, see separate instructions. Form 1120-S (2019)
DAA
INTERTECH 09/15/2020

Form 1120-S (2019) INTERTECH FLUID POWER INC 75-2855417 Page 2


Schedule B Other Information (see instructions)
1 Check accounting method: a Cash b X Accrual Yes No
c Other (specify)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 See the instructions and enter the:
a Business activity  MACHINERY SALES
....................................... b Product or service  .PUMPS & VALVES
............................................
3 At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a
nominee or similar person? If "Yes," attach Schedule B-1, Information on Certain Shareholders of an S Corporation . . . . . . . . . . . . . . . . . . . X
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
(ii) Employer (iii) Country of (iv) Percentage of (v) If Percentage in (iv) Is 100%,
(i) Name of Corporation Identification Incorporation Stock Owned Enter the Date (if any)
Number (if any) a Qualified Subchapter S
Subsidiary Election Was Made

b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or
capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a
trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
(ii) Employer (iv) Country of (v) Maximum Percentage
(i) Name of Entity Identification (iii) Type of Entity Organization Owned in Profit,
Number (if any) Loss, or Capital

5a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If “Yes,” complete lines (i) and (ii) below.
(i) Total shares of restricted stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii) Total shares of non-restricted stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . .
b At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments? . . . . . . . . . . . . . . . . . . X
If “Yes,” complete lines (i) and (ii) below.
(i) Total shares of stock outstanding at the end of the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii) Total shares of stock outstanding if all instruments were executed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Has this corporation filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide
information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
7 Check 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 Issue Discount
Instruments.
8 If the corporation (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a
basis determined by reference to the basis of the asset (or the basis of any other property) in the hands of a C corporation and
(b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in
gain reduced by net recognized built-in gain from prior years. See instructions . . . . . . . . . . . . . . . . . . . . .  $ . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
10 Does the corporation satisfy one or more of the following? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
a The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $26 million and the corporation has business interest expense.
c The corporation is a tax shelter and the corporation has business interest expense.
If “Yes,” complete and attach Form 8990.
11 Does the corporation satisfy both of the following conditions? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
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.
Form 1120-S (2019)

DAA
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Form 1120-S (2019) INTERTECH FLUID POWER INC 75-2855417 Page 3


Schedule B Other Information (see instructions) (continued) Yes No
12 During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the
terms modified so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If “Yes,” enter the amount of principal reduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ . . . . . . . . . . . . . . . . . . . . . . . .
13 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If “Yes,” see instructions . . . . . . . . . . . . . . . . X
14a Did the corporation make any payments in 2019 that would require it to file Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
b If “Yes,” did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
15 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? X
If "Yes," enter the amount from Form 8996, line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ . . . . . . . . . . . . . . . . . . . . . . . .
Schedule K Shareholders' Pro Rata Share Items Total amount
1 Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 101,825
2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3a Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a
b Expenses from other rental activities (attach statement) . . . . . . . . . . . . . . . . . 3b
Income (Loss)

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


4 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Dividends: a Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a
b Qualified dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b
6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Net short-term capital gain (loss) (attach Schedule D (Form 1120-S)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8a Net long-term capital gain (loss) (attach Schedule D (Form 1120-S)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a
b Collectibles (28%) gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8b
c Unrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . . . . . . . . 8c
9 Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Other income (loss) (see instructions) . . . . . . . . . . . . . . Type  10
11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Deductions

12a Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . See . . . . . . . . .Stmt


. . . . . . . . . .2..... 12a 26,996
b Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12b
c Section 59(e)(2) expenditures (1) Type  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) Amount  12c(2)
d Other deductions (see instructions) . . . . . . . . . . . . . . . Type  12d
13a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a
b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b
c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . 13c
Credits

d Other rental real estate credits (see instructions) . . Type  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13d


e Other rental credits (see instructions) . . . . . . . . . . . . . Type  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13e
f Biofuel producer credit (attach Form 6478) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13f
g Other credits (see instructions) . . . . . . . . . . . . . . . . . . . Type  13g
14a Name of country or U.S. possession  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Gross income from all sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14b
c Gross income sourced at shareholder level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14c
Foreign gross income sourced at corporate level
d Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14d
e Foreign branch category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14e
f Passive category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14f
g General category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14g
Foreign Transactions

h Other (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14h


Deductions allocated and apportioned at shareholder level
i Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14i
j Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14j
Deductions allocated and apportioned at corporate level to foreign source income
k Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14k
l Foreign branch category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14l
m Passive category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14m
n General category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14n
o Other (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14o
Other information
p Total foreign taxes (check one):  Paid Accrued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  14p
q Reduction in taxes available for credit (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14q
r Other foreign tax information (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DAA Form 1120-S (2019)
INTERTECH 09/15/2020

Form 1120-S (2019) INTERTECH FLUID POWER INC 75-2855417 Page 4


Schedule K Shareholders' Pro Rata Share Items (continued) Total amount
15a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15a
Minimum Tax
(AMT) Items
Alternative

b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b


c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15c
d Oil, gas, and geothermal properties – gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d
e Oil, gas, and geothermal properties – deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15e
f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15f
Items Affecting
Shareholder

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


b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b
Basis

c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16c 86,813


d Distributions (attach statement if required) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16d
e Repayment of loans from shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16e
ciliation Information

17a Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17a


Other

b Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b


c Dividend distributions paid from accumulated earnings and profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17c
d Other items and amounts (attach statement) . . . . . . . . . . . . . . . See . . . . . . . . .Statement
. . . . . . . . . . . . . . . . . . . . .3................
Recon-

18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right
column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14p .............. 18 74,829
Schedule L Balance Sheets per Books Beginning of tax year End of tax year

Assets (a) (b) (c) (d)


1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155,148 112,655
2a Trade notes and accounts receivable . . . . . 548,094 507,408
b Less allowance for bad debts . . . . . . . . . . . . . ( ) 548,094 ( ) 507,408
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243,227 267,407
4 U.S. government obligations . . . . . . . . . . . . . .
5 Tax-exempt securities (see instructions) . .
6 Other current assets (attach statement) . . . . . . . . . . . . . .
7 Loans to shareholders . . . . . . . . . . . . . . . . . . . .
8 Mortgage and real estate loans . . . . . . . . . . .
9 Other investments (attach statement) . . . . . . . . . . . . . . . .
10a Buildings and other depreciable assets . . . 336,425 361,753
b Less accumulated depreciation . . . . . . . . . . . ( 234,218) 102,207 ( 262,878) 98,875
11a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . ( ) ( )
12 Land (net of any amortization) . . . . . . . . . . . .
13a Intangible assets (amortizable only) . . . . . . . .
b Less accumulated amortization . . . . . . . . . . . ( ) ( )
14 Other assets (attach statement) ...............
15 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,048,676 986,345
Liabilities and Shareholders' Equity
16 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . 885,599 801,775
17 Mortgages, notes, bonds payable in less than 1 year
18 Stmt 4
Other current liabilities (attach statement) . . . . . . . . . . . . . 73,613 35,247
19 Loans from shareholders .................
20 Mortgages, notes, bonds payable in 1 year or more 292,071 365,332
21 Other liabilities (attach statement) . . . . . . . . . . . . .
22 Capital stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Additional paid-in capital . . . . . . . . . . . . . . . . . .
24 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . -202,607 -216,009
25 Adjustments to shareholders'
equity (attach statement) . . . . . . . . . . . . . . . . . . . . . . .
26 Less cost of treasury stock . . . . . . . . . . . . . . . . ( ) ( )
27 Total liabilities and shareholders' equity . . . 1,048,676 986,345
Form 1120-S (2019)

DAA
INTERTECH 09/15/2020

Form 1120-S (2019) INTERTECH FLUID POWER INC 75-2855417 Page 5


Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return
Note: The corporation may be required to file Schedule M-3. See instructions.
1 Net income (loss) per books . . . . . . . . . . . . -21,715 5 Income recorded on books this year not included
2 Income included on Schedule K, lines 1, 2, 3c, 4, on Schedule K, lines 1 through 10 (itemize):
5a, 6, 7, 8a, 9, and 10, not recorded on books this a Tax-exempt interest $ . . . . . . . . . . . . . . . . . . . . . . . .
year (itemize) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................
3 Expenses recorded on books this year not 6 Deductions included on Schedule K, lines
included on Schedule K, lines 1 through 12 1 through 12 and 14p, not charged
and 14p (itemize): against book income this year (itemize):
a Depreciation $ . . . . . . . . . . . . . . . . . . . . . . . . . a Depreciation $ . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Travel and $ . . . . . . . . . . . . .80,295
entertainment ............ . ............................................
Stmt 5
........................................... 16,249 96,544 7 Add lines 5 and 6 ...........................
4 Add lines 1 through 3 ................... 74,829 8 Income (loss) (Schedule K, line 18). Subtract line 7 from line 4 . 74,829
Schedule M-2 Analysis of Accumulated Adjustments Account, Shareholders’ Undistributed Taxable Income
Previously Taxed, Accumulated Earnings and Profits, and Other Adjustments Account
(see instructions)
(a) Accumulated (b) Shareholders' (c) Accumulated (d) Other adjustments
adjustments account undistributed taxable earnings and profits account
income previously taxed

1 Balance at beginning of tax year . . . . . . . . . . -192,800 -6,226


2 Ordinary income from page 1, line 21 . . . . . 101,825
3 Other additions . . . . . . . . . . . . . . Stmt . . . . . . . . . . .6.. 8,313
4 Loss from page 1, line 21 . . . . . . . . . . . . . . . . . ( )
5 Other reductions . . . . . . . . . . . . . Stmt . . . . . . . . . . .7.. ( 117,314) ( 6,226)
6 Combine lines 1 through 5 . . . . . . . . . . . . . . . . -199,976 -12,452
7 Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Balance at end of tax year. Subtract line 7
from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -199,976 -12,452
Form 1120-S (2019)

DAA
INTERTECH 09/15/2020

Form 1125-A Cost of Goods Sold


(Rev. November 2018) OMB No. 1545-0123
Department of the Treasury  Attach to Form 1120, 1120-C, 1120-F, 1120S, or 1065.
Internal Revenue Service  Go to www.irs.gov/Form1125A for the latest information.
Name Employer identification number
INTERTECH FLUID POWER INC 75-2855417
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 243,227
2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4,160,781
3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Additional section 263A costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 4,404,008
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 267,407
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the
appropriate line of your tax return. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 4,136,601
9a Check all methods used for valuing closing inventory:
(i) X Cost
(ii) Lower of cost or market
(iii) Other (Specify method used and attach explanation.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Check if there was a writedown of subnormal goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) . . . . . . . . . . . . . . . . . . . . . . . . . 
d If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed
under LIFO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
e If property is produced or acquired for resale, do the rules of section 263A apply to the entity? See instructions . . . . . . . . . . . Yes X No
f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If "Yes,"
attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
For Paperwork Reduction Act Notice, see instructions. Form 1125-A (Rev. 11-2018)

DAA
INTERTECH 09/15/2020

671119
Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 2019 Part III Shareholder's Share of Current Year Income,
(Form 1120-S) For calendar year 2019, or tax year Deductions, Credits, and Other Items
Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
101,825
beginning ending 2 Net rental real estate income (loss)

Shareholder's Share of Income, Deductions, 3 Other net rental income (loss)


Credits, etc.  See back of form and separate instructions.
4 Interest income
Part I Information About the Corporation
A Corporation's employer identification number 5a Ordinary dividends

75-2855417
B Corporation's name, address, city, state, and ZIP code 5b Qualified dividends 14 Foreign transactions
INTERTECH FLUID POWER INC
6 Royalties
976 FALL CREEK
GRAPEVINE TX 76051 7 Net short-term capital gain (loss)

C IRS Center where corporation filed return 8a Net long-term capital gain (loss)
e-file
8b Collectibles (28%) gain (loss)
Part II Information About the Shareholder
D Shareholder's identifying number 8c Unrecaptured section 1250 gain

456-49-1187
E Shareholder's name, address, city, state, and ZIP code 9 Net section 1231 gain (loss)
WILLIAM R BUHRKUHL
976 FALL CREEK 10 Other income (loss) 15 Alternative minimum tax (AMT) items

GRAPEVINE TX 76051-8247

F Shareholder's percentage of stock


ownership for tax year . . . . . . . . . . . . . . . . . . . . . . . . . . 100.000000 %

11 Section 179 deduction 16 Items affecting shareholder basis


C* STMT
12 Other deductions
A 26,996
For IRS Use Only

17 Other information
V* STMT

18 More than one activity for at-risk purposes*


19 More than one activity for passive activity purposes*

* See attached statement for additional information.


For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S.www.irs.gov/Form1120S Schedule K-1 (Form 1120-S) 2019
DAA
INTERTECH 09/15/2020

Form 1125-E Compensation of Officers


OMB No. 1545-0123
(Rev. October 2016)  Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S.
Department of the Treasury
Internal Revenue Service  Information about Form 1125-E and its separate instructions is at www.irs.gov/form1125e.
Name Employer identification number

INTERTECH FLUID POWER INC 75-2855417


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 number time devoted to (f) Amount of
(a) Name of officer
(see instructions) business (d) Common (e) Preferred compensation

1 WILLIAM R BUHRKUHL 456-49-1187 100.000 % 100.000 % % 805,700

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

2 Total compensation of officers ........................................................................................ 2 805,700

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


3

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 805,700
For Paperwork Reduction Act Notice, see separate instructions. Form 1125-E (Rev. 10-2016)

DAA
INTERTECH 09/15/2020

Depreciation and Amortization


Form 4562 (Including Information on Listed Property)
OMB No. 1545-0172

2019
Department of the Treasury
 Attach to your tax return.
Attachment
Internal Revenue Service (99)  Go to www.irs.gov/Form4562 for instructions and the latest information. Sequence No. 179
Name(s) shown on return Identifying number
INTERTECH FLUID POWER INC 75-2855417
Business or activity to which this form relates
Regular Depreciation
Part I Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
1 Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1,020,000
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2,550,000
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions ...... 5
6 (a) Description of property (b) Cost (business use only) (c) Elected cost

7 Listed property. Enter the amount from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7


8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Carryover of disallowed deduction from line 13 of your 2018 Form 4562 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions . . 11
12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Carryover of disallowed deduction to 2020. Add lines 9 and 10, less line 12 . . . . . . . . . . 13
Note: Don't use Part II or Part III below for listed property. Instead, use Part V.
Part II Special Depreciation Allowance and Other Depreciation (Don’t include listed property. See instructions.)
14 Special depreciation allowance for qualified property (other than listed property) placed in service
during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 25,328
15 Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Part III MACRS Depreciation (Don’t include listed property. See instructions.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2019 ............................... 17 3,026
18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here . . . . . . . 
Section B—Assets Placed in Service During 2019 Tax Year Using the General Depreciation System
(b) Month and year (c) Basis for depreciation (d) Recovery
(a) Classification of property placed in (business/investment use (e) Convention (f) Method (g) Depreciation deduction
service only–see instructions) period

19a 3-year property


b 5-year property
c 7-year property
d 10-year property
e 15-year property
f 20-year property
g 25-year property S/L 25 yrs.
h Residential rental MM S/L 27.5 yrs.
property MM S/L 27.5 yrs.
i Nonresidential real MM S/L 39 yrs.
property MM S/L
Section C—Assets Placed in Service During 2019 Tax Year Using the Alternative Depreciation System
20a Class life S/L
b 12-year 12 yrs. S/L
c 30-year 30 yrs. MM S/L
d 40-year 40 yrs. MM S/L
Part IV Summary (See instructions.)
21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 306
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter
here and on the appropriate lines of your return. Partnerships and S corporations—see instructions . . . . . . . . . . . . . . . 22 28,660
23 For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2019)
DAA
INTERTECH 09/15/2020

INTERTECH FLUID POWER INC 75-2855417


Form 4562 (2019) Page 2
Part V Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for
entertainment, recreation, or amusement.)
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a,
24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.
Section A—Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)
24a Do you have evidence to support the business/investment use claimed? X Yes No 24b If "Yes," is the evidence written? X Yes No
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Business/
Type of property Date placed investment use Cost or other basis Basis for depreciation Recovery Method/ Depreciation Elected section 179
(list vehicles first) in service percentage (business/investment period Convention deduction cost
use only)
25 Special depreciation allowance for qualified listed property placed in service during
the tax year and used more than 50% in a qualified business use. See instructions . . . . . . . . . . . . . . . . . . . . 25
26 Property used more than 50% in a qualified business use:
GMC 2017 3/4 TON
10/24/17 100.00 % 68,282 5.0 200DBMQ
TOYOTA 2004 SEQUOIA
07/11/17 100.00 % 3,000 1,500 5.0 200DBMQ 306
27 Property used 50% or less in a qualified business use:

% S/L-

% S/L-
28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 . . . . . . . . . . . . . . . . . . . . 28 306
29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Section B—Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner,” or related person. If you provided vehicles
to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
(a) (b) (c) (d) (e) (f)
Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6
30 Total business/investment miles driven during
the year (don't include commuting miles) . . . . . . . . .
31 Total commuting miles driven during the year . . . . .
32 Total other personal (noncommuting)
miles driven . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 Total miles driven during the year. Add
lines 30 through 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes No
use during off-duty hours? . . . . . . . . . . . . . . . . . . . . . . . .
35 Was the vehicle used primarily by a more
than 5% owner or related person? . . . . . . . . . . . . . . . .
36 Is another vehicle available for personal use? . . . . .
Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't
more than 5% owners or related persons. See instructions.
37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by Yes No
your employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . . . . . . . . . . . . . . . . . . . . . . . . .
39 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 Do you provide more than five vehicles to your employees, obtain information from your employees about the
use of the vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: If your answer to 37, 38, 39, 40, or 41 is “Yes,” don’t complete Section B for the covered vehicles.
Part VI Amortization
(e)
(a) (b) (c) (d) (f)
Amortization
Description of costs Date amortization Amortizable amount Code section Amortization for this year
period or
begins
percentage

42 Amortization of costs that begins during your 2019 tax year (see instructions):

43 Amortization of costs that began before your 2019 tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43


44 Total. Add amounts in column (f). See the instructions for where to report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
DAA Form 4562 (2019)
INTERTECH 09/15/2020

Section 199A Information Worksheet


Form 1120-S 2019
For calendar year 2019 or tax year beginning , ending
Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


Pass-Through
Activity Description Entity EIN PTP Aggregated SSTB
Column A Page 1 Activity
Column B
Column C
Column D
Column E

QBI or Qualified PTP items: Column A Column B Column C Column D Column E


Ordinary business income (loss) 101,825
Net rental real estate income (loss)
Other net rental income (loss)
Royalty income (loss)
Section 1231 gain (loss)
Other income (loss)
Section 179 deduction
Charitable contributions
Other deductions
W-2 wages 918,140
Qualified property 298,437

Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction

Section 199A REIT dividends


INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Statement 1 - Form 1120-S, Page 1, Line 19 - Other Deductions


Description Amount
AUTO & TRUCK $ 54,265
BANK CHARGES 9,322
COMPUTER / SOFTWARE 10,913
CREDIT CARD FEES 23,392
DUES & SUBSCRIPTIONS 4,479
E-COMMERCE FEES 1,705
EQUIPMENT LEASING 50,254
FACTORS COMMISSIONS 43,058
FREIGHT LOSS 246
INSURANCE 49,829
LEGAL & PROFESSIONAL 29,559
LICENSE & PERMITS 226
MARKETING & PROMOTION 16,999
OFFICE SUPPLIES 14,512
OPERATING EXPENSES 13,261
PAYROLL PROCESSING FEES 10,895
POSTAGE & DELIVERY 1,382
PROFESSIONAL DEVELOPMENT 29
RESTOCKING CHARGES 278
SHIPPING SUPPLIES 7,824
SHOP SUPPLIES 16,295
TELEPHONE 21,401
TOOLING EXPENSE 2,733
TRAVEL 83,608
UNIFORMS 3,366
UTILITIES 13,375
50% of Meals 80,296
Total $ 563,502

Statement 2 - Form 1120-S, Page 3, Schedule K, Line 12a - Cash Contributions

Cash Cash Qualified


Description Contrib 60% Contrib 30% Disaster Total
VARIOUS CHARITABLE ORGS $ 26,996 $ $ $ 26,996
Total $ 26,996 $ 0 $ 0 $ 26,996

Statement 3 - Form 1120-S, Page 4, Schedule K, Line 17d - Other Items and Amounts

Description Amount
Section 199A Information - See Attached Wrk

1-3
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Statement 4 - Form 1120-S, Page 4, Schedule L, Line 18 - Other Current Liabilities


Beginning End
Description of Year of Year
ACCRUED COMMISSIONS $ 7,645 $ 11,977
ACCRUED EXPENSES 65,968 23,270
Total $ 73,613 $ 35,247

Statement 5 - Form 1120-S, Page 5, Schedule M-1, Line 3 - Expenses on Books Not on Return
Description Amount
Medical Insurance $ 9,731
Fines and Penalties 292
Officer Life Ins Premiums 6,226
Total $ 16,249

Statement 6 - Form 1120-S, Page 5, Schedule M-2, Line 3(a) - Other Additions
Description Amount
Other Additions, AAA $ 8,313
Total $ 8,313

Statement 7 - Form 1120-S, Page 5, Schedule M-2, Line 5(a) - Other Reductions
Description Amount
Medical Insurance $ 9,731
Fines and Penalties 292
Travel & Entertainment 80,295
Charitable Contributions 26,996
Total $ 117,314

4-7
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019 WILLIAM R BUHRKUHL
456-49-1187

Schedule K-1, Box 16, Code C - Nondeductible Expenses


Shareholder
Description Amount
Fines and Penalties $ 292
Officer Life Premiums 6,226
Page 1 Meals 80,295
Total $ 86,813
INTERTECH 09/15/2020

Schedule K-1, Box 17, Code V


Form 1120-S Shareholder's Section 199A Information 2019
Schedule K-1
For calendar year 2019 or tax year beginning , ending
Name Taxpayer Identification Number
INTERTECH FLUID POWER INC 75-2855417
WILLIAM R BUHRKUHL 456-49-1187
Pass-Through
Activity Description Entity EIN PTP Aggregated SSTB
Column A Page 1 Activity
Column B
Column C
Column D
Column E

QBI or Qualified PTP items: Column A Column B Column C Column D Column E


Ordinary business income (loss) 101,825
Net rental real estate income (loss)
Other net rental income (loss)
Royalty income (loss)
Section 1231 gain (loss)
Other income (loss)
Section 179 deduction
Charitable contributions
Other deductions
W-2 wages 918,140
Qualified property 298,437

Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction

Section 199A REIT dividends


INTERTECH INTERTECH FLUID POWER INC 09/15/2020
75-2855417 Federal Asset Report
FYE: 12/31/2019 Form 1120-S, Page 1

Date Bus Sec Basis


Asset Description In Service Cost % 179Bonus for Depr PerConv Meth Prior Current

5-year GDS Property:


169 COMPRESSOR INGERSOL RAND (SHOP) 8/12/19 2,599 X 0 5 MQ200DB 0 2,599
170 TEST STAND - PHASE 2 11/11/19 19,243 X 0 5 MQ200DB 0 19,243
171 SHED FOR OUTSIDE STORAGE 8 X 12 10/31/19 3,070 X 0 5 MQ200DB 0 3,070
24,912 0 0 24,912

7-year GDS Property:


172 SHELVING GREY WAREHOUSE 12/03/19 416 X 0 7 MQ200DB 0 416
416 0 0 416

Prior MACRS:
6 WAREHOUSE SHELVING 1/01/01 887 887 7 HY 200DB 887 0
8 AIR COMPRESSOR 4/01/01 329 329 7 HY 200DB 329 0
10 UTILITY TRAILER 4/01/01 1,789 1,789 5 HY 200DB 1,789 0
11 AIR CONDITIONER 7/11/01 594 594 7 HY 200DB 594 0
13 BOOK CASE 6/05/02 125 125 7 HY 200DB 125 0
14 ROUND LUNCH TABLE 6/05/02 100 100 7 HY 200DB 100 0
17 HERMAN MILLER CHAIRS 6/01/02 625 625 7 HY 200DB 625 0
18 RADIAL ARM DRILL 10/01/02 2,533 2,533 7 HY 200DB 2,533 0
19 BAND SAW 11/01/02 590 590 7 HY 200DB 590 0
21 TOOLING 5/01/03 1,756 1,756 7 HY 200DB 1,756 0
24 220V AIR COMPRESSOR 10/01/03 695 695 7 HY 200DB 695 0
28 FORKLIFT CHARGER 6/08/04 300 X X 0 5 HY 200DB 300 0
30 TEST STAND 8/01/04 15,630 X X 0 5 HY 200DB 15,630 0
33 PORT-A-COOL AIR CONDITIONER 6/19/05 2,599 2,599 7 HY 200DB 2,599 0
35 OFFICE DESK-HEMISPHERES 1/14/06 1,836 1,836 7 MQ200DB 1,836 0
40 GENERATORS 3/24/06 3,500 3,500 5 MQ200DB 3,500 0
43 OFFICE BOOKCASE 11/14/06 1,970 1,970 7 MQ200DB 1,970 0
47 PALLET JACKS 12/19/06 500 500 5 MQ200DB 500 0
52 STEEL WORKBENCH 1/02/07 481 X 0 5 HY 200DB 481 0
53 WAREHOUSE SHELVING 1/02/07 728 X 0 5 HY 200DB 728 0
54 OFFICE MONITOR 1/06/07 1,290 X 0 5 HY 200DB 1,290 0
55 OFFICE ENTRY CABINET 1/05/07 590 X 0 7 HY 200DB 590 0
56 SHIPPING/RECV TABLE, CARTS 1/17/07 742 X 0 5 HY 200DB 742 0
60 OFFICE FURNITURE 1/23/07 2,719 X 0 7 HY 200DB 2,719 0
64 CNC TOOLING 4/01/07 6,112 X 0 5 HY 200DB 6,112 0
66 WALL PICTURES & FURNISHINGS 3/13/07 1,306 X 0 7 HY 200DB 1,306 0
68 LAPPING TABLE 5/01/07 2,292 X 0 5 HY 200DB 2,292 0
70 CNC TOOLING MSC 7/31/07 1,613 X 0 5 HY 200DB 1,613 0
71 2 SPINDLE DRILL PRESS 7/01/07 500 X 0 5 HY 200DB 500 0
74 SOUTH BEND LATHE 9/17/07 1,325 X 0 5 HY 200DB 1,325 0
75 CNC TOOLING 12/13/07 556 X 0 5 HY 200DB 556 0
78 LATHE TOOLING 4/22/08 809 X 405 5 HY 200DB 809 0
79 TEST STAND MODIFICATIONS MOTOR 7/25/08 1,520 X 760 5 HY 200DB 1,520 0
80 TOOLING - 1/2 FLG ADAPTER 7/25/08 196 X 98 5 HY 200DB 196 0
82 DELL COMPUTER 1/03/09 536 X 268 5 MQ200DB 536 0
83 SOLAR SCREENS 7/13/09 598 X 299 15 HY S/L 488 20
84 GENIE GARAGE DOOR OPENERS 7/08/09 2,080 X 1,040 15 HY S/L 1,699 69
85 FENNER POWER UNIT 10/12/09 444 X 222 5 MQ200DB 444 0
86 NIKON GEOTAG ADAPTER 9/27/09 210 X 105 7 MQ200DB 210 0
87 GARMIN GPS 10/04/09 688 X 344 5 MQ200DB 688 0
88 NIKON LENS 10/10/09 738 X 369 7 MQ200DB 738 0
89 MINI BLINDS 9/30/09 1,594 X 797 15 HY S/L 1,302 53
90 NIKON CAMERA 9/18/09 1,267 X 634 7 MQ200DB 1,267 0
91 REWIRE MACHINES 10/31/09 4,238 X 2,119 15 HY S/L 3,461 141
92 BIG TEST STAND PUMP & MOTOR 12/31/09 6,269 X 3,134 5 MQ200DB 6,269 0
93 OFFICE REMODEL 12/31/09 4,000 X 2,000 15 HY S/L 3,267 133
94 PAINT OFFICE 4/30/09 3,425 X 1,712 15 HY S/L 2,797 114
95 MODINE GAS CEILING SHOP HEATER 12/31/09 325 X 163 15 HY S/L 265 11
96 CNC TOOLING 10/31/09 296 X 148 5 MQ200DB 296 0
98 STORAGE SHELVING 12/15/10 845 X 0 7 MQ200DB 845 0
100 SHOP CEILING HEATER 1/19/11 875 X 0 5 MQ200DB 875 0
102 DAKE ARBOR PRESS 4/01/11 485 X 0 5 MQ200DB 485 0
103 (2) DELL OPTIPLEX 790 PC 8/03/11 4,312 X 0 5 MQ200DB 4,312 0
104 CNC MILL CUTTER 8/31/11 1,676 X 0 5 MQ200DB 1,676 0
105 SHOP A/C UNITS 8/31/11 4,000 X 0 15 HY S/L 4,000 0
INTERTECH INTERTECH FLUID POWER INC 09/15/2020
75-2855417 Federal Asset Report
FYE: 12/31/2019 Form 1120-S, Page 1

Date Bus Sec Basis


Asset Description In Service Cost % 179Bonus for Depr PerConv Meth Prior Current
106 APPLE IPAD 8/18/11 789 X 0 5 MQ200DB 789 0
107 INFINITY CNC 12/06/11 61,650 X 0 5 MQ200DB 61,650 0
108 DELL OPTIPLEX 790 DUAL MONITORS 12/03/11 1,588 X 0 5 MQ200DB 1,588 0
113 CNC TOOLING ITEMS 1/20/12 1,212 X 606 5 HY 200DB 1,212 0
114 DELL PC - RENEE 2/03/12 1,195 X 597 5 HY 200DB 1,195 0
115 DELL PC - BILLY 2/18/12 2,290 X 1,145 5 HY 200DB 2,290 0
116 APPLE IMAC 21 INCH 3/28/12 1,298 X 649 5 HY 200DB 1,298 0
119 OPTIPLEX PC'S 7/03/12 2,926 X 1,463 5 HY 200DB 2,926 0
120 POWEREDGE T110 DELL SERVER 9/03/12 1,985 X 992 5 HY 200DB 1,985 0
121 STEEL FOR BLDG ADDITION 10/26/12 4,147 X 2,073 5 HY S/L 4,147 0
122 MINI IPAD WIFI + FG 11/16/12 713 X 356 5 HY 200DB 713 0
123 MINI IPAD-WIFI 11/25/12 464 X 232 5 HY 200DB 464 0
124 120 VOLT WIRE WELDER 12/05/12 510 X 255 5 HY 200DB 510 0
125 TAPER SHAFT COUPLING TEST STAND12/01/12 510 X 255 5 HY 200DB 510 0
126 STEEL FOR SHED 1/11/13 724 X 362 15 HY S/L 495 24
127 GRAY SHELVING FOR WAREHOUSE 1/31/13 330 X 165 7 HY 200DB 308 15
128 GRAY SHELVING FOR WAREHOUSE 1/28/13 595 X 297 7 HY 200DB 556 26
129 5 TON PRESS 1/11/13 700 X 350 5 HY 200DB 700 0
130 GRAY SHELVING FOR WAREHOUSE 2/06/13 507 X 254 7 HY 200DB 473 22
131 ADDL STEEL FOR SHED 2/08/13 595 X 297 15 HY 150DB 428 18
132 TOYOTA FORKLIFT 3/05/13 9,301 X 4,651 5 HY 200DB 9,301 0
133 ELECTRIC INSTALL FOR A/C 6/10/13 2,825 X 1,412 15 HY 150DB 2,033 83
134 30KVA TRANSFORMER FOR WAREHOUSE 5/10/13
A/C 622 X 311 15 HY 150DB 448 18
135 2 DELL PERSONAL COMPUTERS 11/30/13 2,673 X 1,336 5 HY 200DB 2,673 0
136 TEST STAND FIXTURE ASSEMBLY 3/12/14 3,841 X 1,920 5 HY 200DB 3,730 111
137 DVR CAMERA SYSTEM 5/02/14 4,562 X 2,281 5 HY 200DB 4,430 132
138 HYDRAULIC SHOP CART 4/21/14 399 X 199 3 HY 200DB 399 0
139 2 DELL PC FOR REPAIR SHOP 6/03/14 2,568 X 1,284 5 HY 200DB 2,494 74
140 SCOTTSMAN SHOP ICE MACHINE 6/12/14 1,700 X 850 5 HY 200DB 1,651 49
141 SHOP WATER DISPENSER 7/21/14 280 X 140 3 HY 200DB 280 0
142 5 TON SHOP ARBOR PRESS 7/21/14 435 X 217 5 HY 200DB 422 13
143 SNAP-ON TORQUE WRENCH 9/18/14 487 X 243 5 HY 200DB 473 14
144 OUTSIDE SALES DELL PC 10/03/14 1,110 X 555 5 HY 200DB 1,078 32
145 NEC PHONE SYSTEM 11/13/14 5,715 X 2,858 5 HY 200DB 5,550 165
146 250HP TEST STAND 12/31/14 18,110 X 9,055 5 HY 200DB 17,589 521
148 DELL LAPTOP 7/14/15 1,783 X 892 5 HY 200DB 1,629 102
150 DELL PC FOR CNC 9/03/16 1,796 X 898 5 HY 200DB 1,537 104
151 SHOP PARTS WASHER 2/02/17 1,318 X 659 5 MQ200DB 1,061 103
152 SHOP PARTS WASHER - TONY 2/02/17 757 X 378 5 MQ200DB 609 59
153 UTILITY TRAILER 7X14 ENCLOSED 2/15/17 6,854 X 2,742 5 MQ200DB 5,099 428
154 SHOP PARTS WASHER - JOSE 3/25/17 881 X 440 5 MQ200DB 709 69
155 DELL MAIL SERVER PC 3/28/17 1,082 X 541 5 MQ200DB 871 84
156 DELL HOME PC 3/28/17 941 X 471 5 MQ200DB 757 74
157 VARIDESK STANDING DESK 5/18/17 536 X 268 5 MQ200DB 415 49
158 GRAY WAREHOUSE SHELVING 6/08/17 805 X 402 5 MQ200DB 624 73
159 STEEL PARKING LOT CARPORT 9/08/17 1,797 X 898 39 MM S/L 928 23
160 GRAY WAREHOUSE SHELVING 10/18/17 490 X 0 5 MQ200DB 490 0
163 ENGRAVING MACHINE 1/28/18 5,005 X 0 5 HY 200DB 5,005 0
164 DELL OPTIPLEX PC BILLY 4/03/18 767 X 0 5 HY 200DB 767 0
165 CHAIR HERMAN MILLER 2/06/18 419 X 0 7 HY 200DB 419 0
166 DELL PC 3/21/18 627 X 0 5 HY 200DB 627 0
167 DELL LAPTOP BILLY 9/14/18 1,036 X 0 5 HY 200DB 1,036 0
168 BEARING HEATER JAMES 8/27/18 855 X 0 5 HY 200DB 855 0
265,143 81,294 255,283 3,026

Listed Property:
161 GMC 2017 3/4 TON 10/24/17 68,282 X 0 5 MQ200DB 68,282 0
162 TOYOTA 2004 SEQUOIA 7/11/17 3,000 X 1,500 5 MQ200DB 2,235 306
71,282 1,500 70,517 306

Grand Totals 361,753 82,794 325,800 28,660


Less: Dispositions and Transfers 0 0 0 0
Less: Start-up/Org Expense 0 0 0 0
Net Grand Totals 361,753 82,794 325,800 28,660
INTERTECH INTERTECH FLUID POWER INC 09/15/2020
75-2855417 Bonus Depreciation Report
FYE: 12/31/2019 Form 1120-S, Page 1

Date In Tax Bus Tax Sec Current Prior Tax - Basis


Asset Property Description Service Cost Pct 179 Exp Bonus Bonus for Depr
28 FORKLIFT CHARGER 6/08/04 300 300 0 0 0
30 TEST STAND 8/01/04 15,630 15,630 0 0 0
78 LATHE TOOLING 4/22/08 809 0 0 404 405
79 TEST STAND MODIFICATIONS MOTOR 7/25/08 1,520 0 0 760 760
80 TOOLING - 1/2 FLG ADAPTER 7/25/08 196 0 0 98 98
82 DELL COMPUTER 1/03/09 536 0 0 268 268
83 SOLAR SCREENS 7/13/09 598 0 0 299 299
84 GENIE GARAGE DOOR OPENERS 7/08/09 2,080 0 0 1,040 1,040
85 FENNER POWER UNIT 10/12/09 444 0 0 222 222
86 NIKON GEOTAG ADAPTER 9/27/09 210 0 0 105 105
87 GARMIN GPS 10/04/09 688 0 0 344 344
88 NIKON LENS 10/10/09 738 0 0 369 369
89 MINI BLINDS 9/30/09 1,594 0 0 797 797
90 NIKON CAMERA 9/18/09 1,267 0 0 633 634
91 REWIRE MACHINES 10/31/09 4,238 0 0 2,119 2,119
92 BIG TEST STAND PUMP & MOTOR 12/31/09 6,269 0 0 3,135 3,134
93 OFFICE REMODEL 12/31/09 4,000 0 0 2,000 2,000
94 PAINT OFFICE 4/30/09 3,425 0 0 1,713 1,712
95 MODINE GAS CEILING SHOP HEATER 12/31/09 325 0 0 162 163
96 CNC TOOLING 10/31/09 296 0 0 148 148
98 STORAGE SHELVING 12/15/10 845 0 0 845 0
100 SHOP CEILING HEATER 1/19/11 875 0 0 875 0
102 DAKE ARBOR PRESS 4/01/11 485 0 0 485 0
103 (2) DELL OPTIPLEX 790 PC 8/03/11 4,312 0 0 4,312 0
104 CNC MILL CUTTER 8/31/11 1,676 0 0 1,676 0
105 SHOP A/C UNITS 8/31/11 4,000 0 0 4,000 0
106 APPLE IPAD 8/18/11 789 0 0 789 0
107 INFINITY CNC 12/06/11 61,650 0 0 61,650 0
108 DELL OPTIPLEX 790 DUAL MONITORS 12/03/11 1,588 0 0 1,588 0
113 CNC TOOLING ITEMS 1/20/12 1,212 0 0 606 606
114 DELL PC - RENEE 2/03/12 1,195 0 0 598 597
115 DELL PC - BILLY 2/18/12 2,290 0 0 1,145 1,145
116 APPLE IMAC 21 INCH 3/28/12 1,298 0 0 649 649
119 OPTIPLEX PC'S 7/03/12 2,926 0 0 1,463 1,463
120 POWEREDGE T110 DELL SERVER 9/03/12 1,985 0 0 993 992
121 STEEL FOR BLDG ADDITION 10/26/12 4,147 0 0 2,074 2,073
122 MINI IPAD WIFI + FG 11/16/12 713 0 0 357 356
123 MINI IPAD-WIFI 11/25/12 464 0 0 232 232
124 120 VOLT WIRE WELDER 12/05/12 510 0 0 255 255
125 TAPER SHAFT COUPLING TEST STAND 12/01/12 510 0 0 255 255
126 STEEL FOR SHED 1/11/13 724 0 0 362 362
127 GRAY SHELVING FOR WAREHOUSE 1/31/13 330 0 0 165 165
128 GRAY SHELVING FOR WAREHOUSE 1/28/13 595 0 0 298 297
129 5 TON PRESS 1/11/13 700 0 0 350 350
130 GRAY SHELVING FOR WAREHOUSE 2/06/13 507 0 0 253 254
131 ADDL STEEL FOR SHED 2/08/13 595 0 0 298 297
132 TOYOTA FORKLIFT 3/05/13 9,301 0 0 4,650 4,651
133 ELECTRIC INSTALL FOR A/C 6/10/13 2,825 0 0 1,413 1,412
134 30KVA TRANSFORMER FOR WAREHOUSE5/10/13
A/C 622 0 0 311 311
135 2 DELL PERSONAL COMPUTERS 11/30/13 2,673 0 0 1,337 1,336
136 TEST STAND FIXTURE ASSEMBLY 3/12/14 3,841 0 0 1,921 1,920
137 DVR CAMERA SYSTEM 5/02/14 4,562 0 0 2,281 2,281
138 HYDRAULIC SHOP CART 4/21/14 399 0 0 200 199
139 2 DELL PC FOR REPAIR SHOP 6/03/14 2,568 0 0 1,284 1,284
140 SCOTTSMAN SHOP ICE MACHINE 6/12/14 1,700 0 0 850 850
141 SHOP WATER DISPENSER 7/21/14 280 0 0 140 140
142 5 TON SHOP ARBOR PRESS 7/21/14 435 0 0 218 217
143 SNAP-ON TORQUE WRENCH 9/18/14 487 0 0 244 243
144 OUTSIDE SALES DELL PC 10/03/14 1,110 0 0 555 555
145 NEC PHONE SYSTEM 11/13/14 5,715 0 0 2,857 2,858
146 250HP TEST STAND 12/31/14 18,110 0 0 9,055 9,055
148 DELL LAPTOP 7/14/15 1,783 0 0 891 892
150 DELL PC FOR CNC 9/03/16 1,796 0 0 898 898
151 SHOP PARTS WASHER 2/02/17 1,318 0 0 659 659
152 SHOP PARTS WASHER - TONY 2/02/17 757 0 0 379 378
153 UTILITY TRAILER 7X14 ENCLOSED 2/15/17 6,854 0 0 3,427 2,742
154 SHOP PARTS WASHER - JOSE 3/25/17 881 0 0 441 440
155 DELL MAIL SERVER PC 3/28/17 1,082 0 0 541 541
156 DELL HOME PC 3/28/17 941 0 0 470 471
157 VARIDESK STANDING DESK 5/18/17 536 0 0 268 268
158 GRAY WAREHOUSE SHELVING 6/08/17 805 0 0 403 402
INTERTECH INTERTECH FLUID POWER INC 09/15/2020
75-2855417 Bonus Depreciation Report
FYE: 12/31/2019 Form 1120-S, Page 1

Date In Tax Bus Tax Sec Current Prior Tax - Basis


Asset Property Description Service Cost Pct 179 Exp Bonus Bonus for Depr
159 STEEL PARKING LOT CARPORT 9/08/17 1,797 0 0 899 898
160 GRAY WAREHOUSE SHELVING 10/18/17 490 0 0 490 0
161 GMC 2017 3/4 TON 10/24/17 68,282 100 0 0 68,282 0
162 TOYOTA 2004 SEQUOIA 7/11/17 3,000 100 0 0 1,500 1,500
163 ENGRAVING MACHINE 1/28/18 5,005 0 0 5,005 0
164 DELL OPTIPLEX PC BILLY 4/03/18 767 0 0 767 0
165 CHAIR HERMAN MILLER 2/06/18 419 0 0 419 0
166 DELL PC 3/21/18 627 0 0 627 0
167 DELL LAPTOP BILLY 9/14/18 1,036 0 0 1,036 0
168 BEARING HEATER JAMES 8/27/18 855 0 0 855 0
169 COMPRESSOR INGERSOL RAND (SHOP) 8/12/19 2,599 0 2,599 0 0
170 TEST STAND - PHASE 2 11/11/19 19,243 0 19,243 0 0
171 SHED FOR OUTSIDE STORAGE 8 X 12 10/31/19 3,070 0 3,070 0 0
172 SHELVING GREY WAREHOUSE 12/03/19 416 0 416 0 0

Grand Total 321,071 0 25,328 216,762 62,366


INTERTECH 09/15/2020

Form 1120-S Schedule K-1 Summary Worksheet 2019


Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


Shareholder Name SSN/EIN
Column A . . . . . . . . . . . . WILLIAM R BUHRKUHL 456-49-1187
Column B . . . . . . . . . . . .
Column C . . . . . . . . . . . .
Column D . . . . . . . . . . . .

Schedule K Items Column A Column B Column C Column D Sch K Total


1 Ordinary income 101,825 101,825
2 Net rental RE inc
3c Net other rental inc
4 Interest income
5a Ordinary dividends
5b Qualified dividends
6 Royalties
7 Net ST capital gain
8a Net LT capital gain
8b Collectibles 28% gain
8c Unrecap Sec 1250
9 Net Sec 1231 gain
10 Other income (loss)
11 Sec 179 deduction
12a Contributions 26,996 26,996
12b Invest interest exp
12c Sec 59(e)(2) exp
12d Other deductions
13a Low-inc house 42j5
13b Low-inc house other
13c Qualif rehab exp
13d Rental RE credits
13e Other rental credits
13f Biofuel credit
13g Other credits
14b Gross inc all src
14d-f Total foreign inc
14g-k Total foreign deds
14l Total foreign taxes
14m Reduct in taxes
15a Depr adjustment
15b Adjusted gain (loss)
15c Depletion
15d Inc-oil/gas/geoth
15e Ded-oil/gas/geoth
15f Other AMT items
16a Tax-exempt interest
16b Other tax-exempt
16c Nonded expense 86,813 86,813
16d Distributions
16e Shr loan repmts
17a Investment income
17b Investment expense
18 Income (loss) 74,829 74,829
INTERTECH 09/15/2020

Retained Earnings Reconciliation Worksheet


Form 1120-S 2019
For calendar year 2019 or tax year beginning , ending
Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


Schedule L - Retained Earnings

Retained Earnings - Unappropriated (Accumulated E&P) 0


Accumulated Adjustments Account -199,976
Undistributed Previously Taxed Income 0
Other Adjustments Account -12,452
Retained Earnings Timing Differences -3,581

Schedule L, Line 24 - Retained Earnings -216,009

Schedule M-2 - Retained Earnings

Accumulated Undistributed Accumulated Other Total


Adjustments Previously Taxed Earnings Adjustments Retained Earnings Retained
Account Income and Profits Account Timing Differences Earnings

Beginning of Year -192,800 0 0 -6,226 -3,581 -202,607


Ordinary Income (Loss) 101,825 101,825
Other Additions 8,313 8,313
Other Reductions 117,314 6,226 123,540
Distributions

End of Year -199,976 0 0 -12,452 -3,581 -216,009


INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Form 1120-S, Retained Earnings Reconciliation Worksheet, AAA - Other Additions


Description Amount
Other Additions, AAA $ 8,313
Total $ 8,313

Form 1120-S, Retained Earnings Reconciliation Worksheet, AAA - Other Reductions


Description Amount
Medical Insurance $ 9,731
Fines and Penalties 292
Travel & Entertainment 80,295
Charitable Contributions 26,996
Total $ 117,314

Form 1120-S, Retained Earnings Reconciliation Worksheet, OAA - Other Reductions


Description Amount
Officer Life Ins Premiums $ 6,226
Total $ 6,226
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Reconciliation of Schedule M-2 to Schedule L Ending Retained Earnings


Description Amount
Schedule M-2 Ending Balance - AAA $ -199,976
Schedule M-2 Ending Balance - OAA -12,452
Total Schedule M-2 Ending Balance -212,428
2018 Other Additions, REU 4,600
2018 Other Deductions, REU -3,581
2019 Reconciled Schedule M-2 Ending Balance -211,409

2019 Schedule L Ending Retained Earnings -216,009


INTERTECH 09/15/2020

Form 1120-S Two Year Comparison Worksheet Page 1 2018 & 2019
Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


2018 2019 Differences
Gross profit percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.4896 31.8519 -2.6377
Net receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,404,004 6,070,016 666,012
Income
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,540,187 4,136,601 596,414
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,863,817 1,933,415 69,598
Net gain (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,863,817 1,933,415 69,598
Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 520,200 805,700 285,500
Salaries and wages less employment credits . . . . . . . . . . . . . . 122,208 112,440 -9,768
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,421 12,780 -6,641
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,026 10,498 6,472
Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,082 148,146 -1,936
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,961 74,219 8,258
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,208 30,959 -5,249
Deductions Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,419 28,660 14,241
Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,907 6,854 -7,053
Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . 22,323 27,365 5,042
Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,147 10,467 -1,680
Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 590,834 563,502 -27,332
Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,571,736 1,831,590 259,854
Ordinary business income (loss) . . . . . . . . . . . . . . . . . . . . . . . 292,081 101,825 -190,256
Excess net passive income or LIFO recapture tax . . . . . . . . .
Tax from Schedule D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0
Estimated tax and prior year overpayment credited . . . . . . . .
Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for federal tax paid on fuels . . . . . . . . . . . . . . . . . . . . . . . .
Tax and Refund applied for on Form 4466 . . . . . . . . . . . . . . . . . . . . . . . . . ( )( )
Payments Refundable credit from Form 8827 . . . . . . . . . . . . . . . . . . . . . . . .
Total payments and credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax due (overpayment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0
Estimated tax penalty from Form 2220 . . . . . . . . . . . . . . . . . . . .
Penalties and interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net tax due (overpayment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0
Overpayment credited to next year's estimated tax . . .
Overpayment refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
INTERTECH 09/15/2020

Form 1120-S Two Year Comparison Worksheet Page 2 2018 & 2019
Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


2018 2019 Differences
Ordinary business income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . 292,081 101,825 -190,256
Net rental real estate income (loss) . . . . . . . . . . . . . . . . . . . . . . .
Other net rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income
(Loss) Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net short-term capital gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . .
Net long-term capital gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Section 1231 gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 179 deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,735 26,996 -4,739
Deductions Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 59(e)(2) expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Low-income housing credit (Section 42(j)(5)) . . . . . . . . . . . . . .
Low-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . .
Qualified rehabilitation expenditures (rental real estate) . . .
Credits Other rental real estate credits . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other rental credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Biofuel producer credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total foreign gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Total foreign deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transactions Total foreign taxes
........................................
Reduction in taxes available for credit . . . . . . . . . . . . . . . . . . . . .
Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . . . . . . .
Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AMT Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . .
Items Oil, gas, and geothermal properties-gross income . . . . . . . . .
Oil, gas, and geothermal properties-deductions . . . . . . . . . . .
Other AMT items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Items Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Affecting Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,144 86,813 12,669
S/H Basis Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repayment of loans from shareholders . . . . . . . . . . . . . . . . . . .
Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information Dividend distributions paid from accumulated E&P . . . . . . . .
Income (loss) (if Schedule M-1 is required) . . . . . . . . . . . . . . . . 260,346 74,829 -185,517
INTERTECH 09/15/2020

Form 1120-S Two Year Comparison Worksheet Page 3 2018 & 2019
Name Employer Identification Number

INTERTECH FLUID POWER INC 75-2855417


2018 2019 Differences

Schedule
Beginning assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 716,720 1,048,676 331,956
L Beginning liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . 716,720 1,048,676 331,956
Ending assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,048,676 986,345 -62,331
Ending liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,048,676 986,345 -62,331
Net income (loss) per books . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171,600 -21,715 -193,315
Taxable income not on books . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule Book expenses not deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,746 96,544 7,798
M-1 Income on books not on return . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Return deductions not on books . . . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) per return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 260,346 74,829 -185,517
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -419,321 -192,800 226,521
Schedule
Ordinary income (loss) from page 1 . . . . . . . . . . . . . . . . . . . . . . . 292,081 101,825 -190,256
M-2 Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,695 8,313 -40,382
AAA Other reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,255 117,314 3,059
Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -192,800 -199,976 -7,176
Schedule Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M-2 Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PTI Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M-2 Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E&P Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -4,326 -6,226 -1,900
Schedule Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,326 -4,326
M-2 Other reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,226 6,226
OAA Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -6,226 -12,452 -6,226
Total income (loss) items:
Income (loss) per income statement . . . . . . . . . . . . . . . . . . . .
Temporary difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Permanent difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) per tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total expense/deduction items:
Expense per income statement . . . . . . . . . . . . . . . . . . . . . . . . .
Temporary difference ...................................
Schedule Permanent difference
M-3 ...................................
Deduction per tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other items with no differences:
Income (loss) per income statement . . . . . . . . . . . . . . . . . . . .
Income (loss) per tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reconciliation totals:
Income (loss) per income statement . . . . . . . . . . . . . . . . . . . .
Temporary difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Permanent difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income (loss) per tax return .............................
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Form 1120-S, Page 1, Line 18 - Employee Benefit Programs


Description Amount
Employee Benefit Program $ 10,467
Total $ 10,467

Form 1120-S, Page 4, Schedule K, Line 16c - Nondeductible Expenses


Description Amount
Fines and Penalties $ 292
Officer Life Premiums 6,226
Page 1 Meals 80,295
Total $ 86,813
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019

Form 1125-A, Line 2 Purchases


Description Amount
Purchases $ 4,136,601
Change in Inventory 24,180
Total $ 4,160,781
Gary D. Davis, CPA, PC
6400 Pleasant Run Rd
Colleyville, TX 76034

WILLIAM R BUHRKUHL
976 FALL CREEK
GRAPEVINE, TX 76051-8247
Gary D. Davis, CPA, PC
6400 Pleasant Run Rd
Colleyville, TX 76034
817-605-7277

September 15, 2020

CONFIDENTIAL

WILLIAM R BUHRKUHL
976 FALL CREEK
GRAPEVINE, TX 76051-8247

Dear Billy:

We have prepared the enclosed copy of Form 1120-S, Schedule K-1 for INTERTECH FLUID
POWER INC. It contains your share of the corporation's items of income (loss), credits and
deductions, and other information for the corporation's tax year ended December 31, 2019. These
items are to be reported on your federal income tax return; therefore, this Schedule should be
retained with your tax records and documentation.

Also enclosed is state K-1 information, if applicable. This information should also be retained
with your tax records and documentation.

We have retained a copy of the Schedule K-1 and other relevant documents for use in preparing
your federal income tax return and, if applicable, all State K-1 information for use in preparing
any state tax returns. We urge you to call for an appointment at your earliest convenience so that
we might begin preparation of your individual tax returns.

If you have any questions, or if we can be of assistance in any way, please do not hesitate to call.

Sincerely,

Gary D. Davis, CPA, PC


INTERTECH 09/15/2020

671119
Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 2019 Part III Shareholder's Share of Current Year Income,
(Form 1120-S) For calendar year 2019, or tax year Deductions, Credits, and Other Items
Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
101,825
beginning ending 2 Net rental real estate income (loss)

Shareholder's Share of Income, Deductions, 3 Other net rental income (loss)


Credits, etc.  See back of form and separate instructions.
4 Interest income
Part I Information About the Corporation
A Corporation's employer identification number 5a Ordinary dividends

75-2855417
B Corporation's name, address, city, state, and ZIP code 5b Qualified dividends 14 Foreign transactions
INTERTECH FLUID POWER INC
6 Royalties
976 FALL CREEK
GRAPEVINE TX 76051 7 Net short-term capital gain (loss)

C IRS Center where corporation filed return 8a Net long-term capital gain (loss)
e-file
8b Collectibles (28%) gain (loss)
Part II Information About the Shareholder
D Shareholder's identifying number 8c Unrecaptured section 1250 gain

456-49-1187
E Shareholder's name, address, city, state, and ZIP code 9 Net section 1231 gain (loss)
WILLIAM R BUHRKUHL
976 FALL CREEK 10 Other income (loss) 15 Alternative minimum tax (AMT) items

GRAPEVINE TX 76051-8247

F Shareholder's percentage of stock


ownership for tax year . . . . . . . . . . . . . . . . . . . . . . . . . . 100.000000 %

11 Section 179 deduction 16 Items affecting shareholder basis


C* STMT
12 Other deductions
A 26,996
For IRS Use Only

17 Other information
V* STMT

18 More than one activity for at-risk purposes*


19 More than one activity for passive activity purposes*

* See attached statement for additional information.


For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S.www.irs.gov/Form1120S Schedule K-1 (Form 1120-S) 2019
DAA
INTERTECH 09/15/2020

Schedule K-1 (Form 1120-S) 2019 Page 2


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

1. Ordinary business income (loss). Determine whether the income (loss) is Code Report on
passive or nonpassive and enter on your return as follows: N Credit for employer social
Report on security and Medicare taxes
Passive loss See the Shareholder's Instructions O Backup withholding  See the Shareholder's Instructions
Passive income Schedule E, line 28, column (h) P Other credits
Nonpassive loss See the Shareholder's Instructions 14. Foreign transactions
Nonpassive income Schedule E, line 28, column (k) A Name of country or U.S.
2. Net rental real estate income (loss) See the Shareholder's Instructions possession
3. Other net rental income (loss) B Gross income from all sources  Form 1116, Part I
Net income Schedule E, line 28, column (h) C Gross income sourced at
Net loss See the Shareholder's Instructions shareholder level
4. Interest income Form 1040 or 1040-SR, line 2b Foreign gross income sourced at corporate level
5a. Ordinary dividends Form 1040 or 1040-SR, line 3b D Reserved for future use
5b. Qualified dividends Form 1040 or 1040-SR, line 3a E Foreign branch category
6. Royalties Schedule E, line 4 F Passive category
7. Net short-term capital gain (loss) Schedule D, line 5 G General category  Form 1116, Part I
8a. Net long-term capital gain (loss) Schedule D, line 12 H Other
8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 Deductions allocated and apportioned at shareholder level
(Schedule D instructions) I Interest expense Form 1116, Part I
8c. Unrecaptured section 1250 gain See the Shareholder's Instructions J Other Form 1116, Part I
9. Net section 1231 gain (loss) See the Shareholder's Instructions Deductions allocated and apportioned at corporate level to foreign source
10. Other income (loss) income
Code K Reserved for future use
A Other portfolio income (loss) See the Shareholder's Instructions L Foreign branch category
B Involuntary conversions See the Shareholder's Instructions M Passive category
N General category
 Form 1116, Part I
C Sec. 1256 contracts & straddles Form 6781, line 1
D Mining exploration costs recapture See Pub. 535 O Other
E Reserved for future use Other information
F Section 965(a) inclusion P Total foreign taxes paid Form 1116, Part II
G Income under subpart F (other Q Total foreign taxes accrued Form 1116, Part II
than inclusions under sections  See the Shareholder's Instructions R Reduction in taxes available for
951A and 965) credit Form 1116, line 12
H Other income (loss) S Foreign trading gross receipts Form 8873
11. Section 179 deduction See the Shareholder's Instructions T Extraterritorial income exclusion Form 8873
12. Other deductions U Section 965 information See the Shareholder's Instructions
A Cash contributions (60%) V Other foreign transactions See the Shareholder's Instructions
B Cash contributions (30%) 15. Alternative minimum tax (AMT) items
C Noncash contributions (50%) A Post-1986 depreciation adjustment
D Noncash contributions (30%) B Adjusted gain or loss
E Capital gain property to a 50%
 See the Shareholder's Instructions
C Depletion (other than oil & gas) See the Shareholder's Instructions
organization (30%) D Oil, gas, & geothermal–gross income  and the Instructions for Form 6251
F Capital gain property (20%) E Oil, gas, & geothermal–deductions
G Contributions (100%) F Other AMT items
H Investment interest expense Form 4952, line 1
16. Items affecting shareholder basis
I Deductions – royalty income Schedule E, line 19
A Tax-exempt interest income Form 1040 or 1040-SR, line 2a
J Section 59(e)(2) expenditures See the Shareholder's Instructions
B Other tax-exempt income
K Section 965(c) deduction See the Shareholder's Instructions
C Nondeductible expenses
L Deductions – portfolio (other) Schedule A, line 16
D Distributions  See the Shareholder's Instructions
M Preproductive period expenses See the Shareholder's Instructions
E Repayment of loans from
N Commercial revitalization deduction shareholders
from rental real estate activities See Form 8582 instructions 17. Other information
O Reforestation expense deduction See the Shareholder's Instructions A Investment income Form 4952, line 4a
P through R Reserved for future use B Investment expenses Form 4952, line 5
S Other deductions See the Shareholder's Instructions C Qualified rehabilitation expenditures
(other than rental real estate) See the Shareholder's Instructions
13. Credits
D Basis of energy property See the Shareholder's Instructions
A Low-income housing credit (section
E Recapture of low-income housing
42(j)(5)) from pre-2008 buildings credit (section 42(j)(5)) Form 8611, line 8
B Low-income housing credit (other) F Recapture of low-income housing
from pre-2008 buildings credit (other) Form 8611, line 8
C Low-income housing credit (section G Recapture of investment credit See Form 4255
42(j)(5)) from post-2007 buildings See the Shareholder's H Recapture of other credits See the Shareholder's Instructions
 Instructions I Look-back interest–completed
D Low-income housing credit (other)
long-term contracts See Form 8697
from post-2007 buildings
J Look-back interest–income
E Qualified rehabilitation expenditures forecast method See Form 8866
(rental real estate) K Dispositions of property with
F Other rental real estate credits section 179 deductions
G Other rental credits L Recapture of section 179 deduction
 See the Shareholder's Instructions
Schedule 3 (Form 1040 or 1040-SR), line M through U
H Undistributed capital gains credit
13, box a V Section 199A information
I Biofuel producer credit W through Z Reserved for future use
J Work opportunity credit AA Excess taxable income
K Disabled access credit See the Shareholder's AB Excess business interest income
  See the Shareholder's Instructions
L Empowerment zone employment credit Instructions AC Other information
M Credit for increasing research
activities

DAA
INTERTECH INTERTECH FLUID POWER INC 9/15/2020
75-2855417 Federal Statements
FYE: 12/31/2019 WILLIAM R BUHRKUHL
456-49-1187

Schedule K-1, Box 16, Code C - Nondeductible Expenses


Shareholder
Description Amount
Fines and Penalties $ 292
Officer Life Premiums 6,226
Page 1 Meals 80,295
Total $ 86,813
INTERTECH 09/15/2020

Schedule K-1, Box 17, Code V


Form 1120-S Shareholder's Section 199A Information 2019
Schedule K-1
For calendar year 2019 or tax year beginning , ending
Name Taxpayer Identification Number
INTERTECH FLUID POWER INC 75-2855417
WILLIAM R BUHRKUHL 456-49-1187
Pass-Through
Activity Description Entity EIN PTP Aggregated SSTB
Column A Page 1 Activity
Column B
Column C
Column D
Column E

QBI or Qualified PTP items: Column A Column B Column C Column D Column E


Ordinary business income (loss) 101,825
Net rental real estate income (loss)
Other net rental income (loss)
Royalty income (loss)
Section 1231 gain (loss)
Other income (loss)
Section 179 deduction
Charitable contributions
Other deductions
W-2 wages 918,140
Qualified property 298,437

Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction

Section 199A REIT dividends

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