Professional Documents
Culture Documents
Davis, CPA, PC
6400 Pleasant Run Rd
Colleyville, TX 76034
817-605-7277
CONFIDENTIAL
Dear Billy:
We have prepared the following returns from information provided by you without verification
or audit:
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,
CONFIDENTIAL
For professional services rendered in connection with the preparation of your 2019 corporate tax
return:
Form 8879-S
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:
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
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.
As an officer of the corporation, I will enter my PIN as my signature on the corporation's 2019 electronically filed income tax
return.
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.
For Paperwork Reduction Act Notice, see instructions. Form 8879-S (2019)
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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)
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INTERTECH 09/15/2020
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)
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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
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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)
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
17 Other information
V* STMT
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
% % %
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)
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INTERTECH 09/15/2020
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
% 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):
Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction
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 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
Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction
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
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
Form 1120-S Two Year Comparison Worksheet Page 1 2018 & 2019
Name Employer Identification Number
Form 1120-S Two Year Comparison Worksheet Page 2 2018 & 2019
Name Employer Identification Number
Form 1120-S Two Year Comparison Worksheet Page 3 2018 & 2019
Name Employer Identification Number
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
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
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,
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)
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
17 Other information
V* STMT
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
Other Information:
QBI allocable to cooperative pmts received
W-2 wages allocable to qualified payments
Section 199A(g) deduction