CTM Business Plan

TAX CONSULTING, LLC
1320 Louisiana Avenue, Suite D

Saint Cloud, FL 34769
(407) 873-3158
[email protected]

May 9, 2018

Clear Tune Monitors, Inc.
1933 Island Walk Drive
Orlando, FL 32824

Dear Client,

We have prepared and enclosed your 2017 Form 1120S, U.S. Income Tax Return for an S
Corporation for Clear Tune Monitors, Inc. for the tax year ending December 31, 2017.
We prepared your returns based on the information you provided us. Please review the
returns carefully to ensure that there are no omissions or misstatements of material facts.
Your 2017 Form 1120S, U.S. Income Tax Return for an S Corporation for Clear Tune
Monitors, Inc. will be electronically filed.

No payment is due with this return.
We appreciate this opportunity to serve you. If you have any questions, please contact us.

Sincerely,

Joe E. Perez, CPA

Form 1120S U.S. Income Tax Return for an S Corporation OMB No. 1545-0123

Do not file this form unless the corporation has filed or is 2017
attaching Form 2553 to elect to be an S corporation.
Department of the Treasury Go to www.irs.gov/Form1120S for instructions and the latest information. , 20
Internal Revenue Service

For calendar year 2017 or tax year beginning , 2017, ending

A S election effective date Name D Employer identification number

02/03/2006 TYPE Clear Tune Monitors, Inc. 20-4304881
OR
B Business activity code PRINT Number, street, and room or suite no. If a P.O. box, see instructions. E Date incorporated
number (see instructions)
1933 Island Walk Drive 02/03/2006
238300
City or town, state or province, country, and ZIP or foreign postal code F Total assets (see instructions)

C Check if Sch. M-3 attached Orlando FL 32824 $ 34,244.
CLIENT COPY
G Is the corporation electing to be an S corporation beginning with this tax year? Yes 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 . . . . . . . . . 2

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

1 a Gross receipts or sales . . . . . . . . . . . . . . . 1a 688,449.

b Returns and allowances . . . . . . . . . . . . . . 1b 51,788.

Income c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . 1c 636,661.
2 230,247.
2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . 3 406,414.
4
3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . 5 406,414.
6 24,000.
4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . 7 4,867.
8 19,809.
5 Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . 9 1,934.
10 1,172.
6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . 11 633.
12 17,571.
Deductions (see instructions for limitations) 7 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . 13
14 252,299.
8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . 15 322,285.
16
9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . 17 84,129.
18
10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 0.
20 0.
11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . 22c

13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23d
24
14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . 25
26
15 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . 27

16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . .

17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . .

18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . .

19 Other deductions (attach statement) S.ee. S.ta.te.me.nt. . . . . . . . . . . . .

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

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

22 a Excess net passive income or LIFO recapture tax (see instructions) . . 22a

Tax and Payments b Tax from Schedule D (Form 1120S) . . . . . . . . . . . 22b

c Add lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . .

23 a 2017 estimated tax payments and 2016 overpayment credited to 2017 23a

b Tax deposited with Form 7004 . . . . . . . . . . . . 23b 0.

c Credit for federal tax paid on fuels (attach Form 4136) . . . . . 23c

d Add lines 23a through 23c . . . . . . . . . . . . . . . . . . . . . .

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

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

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

27 Enter amount from line 26 Credited to 2018 estimated tax Refunded

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,

correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. May the IRS discuss this return

Sign President with the preparer shown below
Here
Signature of officer Date Title (see instructions)? Yes No

Paid Print/Type preparer's name Preparer's signature Date Check PTIN
if
Preparer Joe E. Perez, CPA Joe E. Perez, CPA 05/09/2018 self-employed P00181450

Use Only Firm's name TAX CONSULTING, LLC Firm's EIN 20-1833707
Firm's address
1320 Louisiana Avenue, Suite D Saint Cloud FL 34769 Phone no. (407)873-3158
REV 12/26/17 PRO Form 1120S (2017)
For Paperwork Reduction Act Notice, see separate instructions. BAA

Form 1120S (2017) Page 2

Schedule B Other Information (see instructions) Yes No

1 Check accounting method: a Cash b Accrual

c Other (specify)

2 See the instructions and enter the:

a Business activity Sales b Product or service Earphones

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 . .

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CLIENT COPY
(i) Name of Corporation (ii) Employer Identification Number (iii) Country of (iv) Percentage of Stock (v) If Percentage in (iv) is 100%, Enter the
(if any) Incorporation Owned Date (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 . . . . . . .

(i) Name of Entity (ii) Employer Identification Number (iii) Type of Entity (iv) Country of (v) Maximum Percentage Owned in Profit,
(if any) Organization Loss, or Capital

5 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? . . . . . . . .
.
If “Yes,” complete lines (i) and (ii) below.
(i) Total shares of restricted stock. . . . . . . . . .
(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?

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? . . . . . . . . . . . . . . . . . . . . . . . .

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

10 Does the corporation satisfy both of the following conditions?

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.

11 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? . . . . . . . . . . . . . . . . .

If “Yes,” enter the amount of principal reduction $

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

13 a Did the corporation make any payments in 2017 that would require it to file Form(s) 1099? . . . . . . . . . .

b If “Yes,” did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . .
Form 1120S (2017)
REV 12/26/17 PRO

Form 1120S (2017) Page 3

Schedule K Shareholders’ Pro Rata Share Items Total amount

1 Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . . 1 84,129.
.
2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . 2
.
3 a Other gross rental income (loss) . . . . . . . . . . 3a .
.
b Expenses from other rental activities (attach statement) . . 3b
.
c Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . 3c
. 4
Income (Loss) 4 Interest income . . . . . . . . . . . . . . . . . . . . . . . 5a
.
5 Dividends: a Ordinary dividends . . . . . . . . . . . . . . . . . . 6
. 7
b Qualified dividends . . . . . . . . . . 5b . 8a
.
6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . .
CLIENT COPY .
7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . .
.
8 a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . .
.
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
10 Other income (loss) (see instructions) . . Type . 11
12a
Deductions 11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . 12b 3,909.
. 12c(2) 222.
12a Charitable contributions . . . . . Ca. sh. c. on. tr. ib. ut. io. n . (5. 0%. ) . . . . 12d
. 13a -14.
b Investment interest expense . . . . . . . . . . . . . . . . . . . . 13b 2,220.
. 13c 70,955.
c Section 59(e)(2) expenditures (1) Type (2) Amount 13d Form 1120S (2017)
. 13e
d Other deductions (see instructions) . . . Type . 13f
13g
13a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . .
. 14b
b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . 14c
.
Credits c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . 14d
d Other rental real estate credits (see instructions) Type . 14e
e Other rental credits (see instructions) . . . Type . 14f
.
f Biofuel producer credit (attach Form 6478) . . . . . . . . . . . . . . . 14g
. 14h
g Other credits (see instructions) . . . . . Type .
14a Name of country or U.S. possession 14i
14j
b Gross income from all sources . . . . . . . . . . . . . . . . . . 14k

c Gross income sourced at shareholder level . . . . . . . . . . . . . . 14l
14m
Foreign gross income sourced at corporate level
15a
d Passive category . . . . . . . . . . . . . . . . . . . . . . 15b
15c
Foreign Transactions e General category . . . . . . . . . . . . . . . . . . . . . . 15d
15e
f Other (attach statement) . . . . . . . . . . . . . . . . . . . . 15f
16a
Deductions allocated and apportioned at shareholder level 16b
16c
g Interest expense . . . . . . . . . . . . . . . . . . . . . . . 16d
16e
h Other . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at corporate level to foreign source income

i Passive category . . . . . . . . . . . . . . . . . . . . . .

j General category . . . . . . . . . . . . . . . . . . . . . .

k Other (attach statement) . . . . . . . . . . . . . . . . . . . .

Other information

l Total foreign taxes (check one): Paid Accrued . . . . . . . . .

m Reduction in taxes available for credit (attach statement) . . . . . . . . . .

n Other foreign tax information (attach statement)

15a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . .

Alternative b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . .
Minimum Tax
(AMT) Items c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . .

d Oil, gas, and geothermal properties—gross income . . . . . . . . . . . .

e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . . .

f Other AMT items (attach statement) . . . . . . . . . . . . . . . . .

Items Affecting 16a Tax-exempt interest income . . . . . . . . . . . . . . . . . . .
Shareholder
Basis b Other tax-exempt income . . . . . . . . . . . . . . . . . . . .

c Nondeductible expenses . . . . . . . . . . . . . . . . . . . .

d Distributions (attach statement if required) (see instructions) . . . . . . . . .

e Repayment of loans from shareholders . . . . . . . . . . . . . . . .

REV 12/26/17 PRO

Form 1120S (2017) Page 4

Schedule K Shareholders’ Pro Rata Share Items (continued) Total amount

17a Investment income . . . . . . . . . . . . . . . . . . . . . . . 17a
b Investment expenses . . . . . . . . . . . . . . . . . . . . . . 17b
c Dividend distributions paid from accumulated earnings and profits . . . . . . . .
d Other items and amounts (attach statement) 17c 0.
Recon- Other
ciliation Information18Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right18 79,998.

CLIENT COPYSchedule Lcolumn. From the result, subtract the sum of the amounts on lines 11 through 12d and 14lEnd of tax year

Balance Sheets per Books Beginning of tax year

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

1 Cash . . . . . . . . . . . . . 8,039. 14,795.

2a Trade notes and accounts receivable . . . ( ) ()
b Less allowance for bad debts . . . . . .

3 Inventories . . . . . . . . . . . 8,701. 1,294.

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

5 Tax-exempt securities (see instructions) . . 601. 601.

6 Other current assets (attach statement)L. n . 6 . St

7 Loans to shareholders . . . . . . . . 26,032. 11,025.

8 Mortgage and real estate loans . . . . .

9 Other investments (attach statement) . . .

10a Buildings and other depreciable assets . . . ( 61,297. 7,162. ( 65,207. 6,529.
b Less accumulated depreciation . . . . . 54,135. ) 58,678. )

11a Depletable assets . . . . . . . . . ( ) ()
b Less accumulated depletion . . . . . .

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

13a Intangible assets (amortizable only) . . . . ( 500. 500. 0.
b Less accumulated amortization . . . . . 500. ) 0. ( 500.)

14 Other assets (attach statement) . . . . .

15 Total assets . . . . . . . . . . . 50,535. 34,244.

Liabilities and Shareholders’ Equity

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

17 Mortgages, notes, bonds payable in less than 1 year 25,748. 16,882.

18 Other current liabilities (attach statement)Ln. 18. St

19 Loans from shareholders . . . . . . .

20 Mortgages, notes, bonds payable in 1 year or more 23,585. 9,338.

21 Other liabilities (attach statement) . . . .

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

23 Additional paid-in capital . . . . . . . 500. 500.

24 Retained earnings . . . . . . . . . 702. 7,524.

25 Adjustments to shareholders’ equity (attach statement) () ()
26 Less cost of treasury stock . . . . . .

27 Total liabilities and shareholders’ equity . . 50,535. 34,244.
Form 1120S (2017)
REV 12/26/17 PRO

Form 1120S (2017) 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 . . . . . . 77,777. 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):
a Tax-exempt interest $
5a, 6, 7, 8a, 9, and 10, not recorded on books this
1.
year (itemize)Rounding difference 1.

3 Expenses recorded on books this year not 6 Deductions included on Schedule K,

included on Schedule K, lines 1 through 12 and lines 1 through 12 and 14l, not charged

14l (itemize): against book income this year (itemize):

a Depreciation $ a Depreciation $
CLIENT COPY
b Travel and entertainment $ 2,220.

2,220. 7 Add lines 5 and 6 . . . . .

4 Add lines 1 through 3 . . . . . . . . 79,998. 8 Income (loss) (Schedule K, line 18). Line 4 less line 7 79,998.
Schedule M-2 Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders’
Undistributed Taxable Income Previously Taxed (see instructions)

(a) Accumulated (b) Other adjustments (c) Shareholders’ undistributed
adjustments account account taxable income previously taxed

1 Balance at beginning of tax year . . . . . 702. 0. 0.
84,129.
2 Ordinary income from page 1, line 21 . . . )
)
3 Other additions . . . . . . . . . . 0. 0.
6,351. ) ( 0. 0.
4 Loss from page 1, line 21 . . . . . . . ( 78,480. 0. 0.
( 70,955.
5 Other reductions .Se.e .M-.2 L. in. e . 5 . St.mt. Form 1120S (2017)
7,525.
6 Combine lines 1 through 5 . . . . . . .
REV 12/26/17 PRO
7 Distributions other than dividend distributions

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

Form 1125-A Cost of Goods Sold

(Rev. October 2016) Attach to Form 1120, 1120-C, 1120-F, 1120S, 1065, or 1065-B. OMB No. 1545-0123
Department of the Treasury Information about Form 1125-A and its instructions is at www.irs.gov/form1125a.
Internal Revenue Service
Name Employer identification number

Clear Tune Monitors, Inc. 20-4304881
1 8,701
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . 2 222,840
2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . .
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . 6 231,541
7 1,294
CLIENT COPY
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 . . . . . . . . . . . . . . . 8 230,247

9a Check all methods used for valuing closing inventory:

(i) 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 No

f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If “Yes,” Yes No
attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section references are to the Internal Under this accounting method, inventory ending on or after December 31, 2000, has
Revenue Code unless otherwise noted. costs for raw materials purchased for use average annual gross receipts of $10
in producing finished goods and million or less for the 3 prior tax years, (b)
General Instructions merchandise purchased for resale are whose principal business activity is not an
deductible in the year the finished goods or ineligible activity, and (c) whose business is
Purpose of Form merchandise are sold (but not before the not a tax shelter (as defined in section 448
year you paid for the raw materials or (d)(3)). See Rev. Proc. 2002-28, 2002-18
Use Form 1125-A to calculate and deduct merchandise, if you are also using the cash I.R.B. 815.
cost of goods sold for certain entities. method). Uniform capitalization rules. The uniform
capitalization rules of section 263A
Who Must File If you account for inventoriable items in generally require you to capitalize, or
the same manner as materials and supplies include in inventory, certain costs incurred
Filers of Form 1120, 1120-C, 1120-F, that are not incidental, you can currently in connection with the following.
1120S, 1065, or 1065-B, must complete deduct expenditures for direct labor and all • The production of real property and
and attach Form 1125-A if the applicable indirect costs that would otherwise be tangible personal property held in inventory
entity reports a deduction for cost of goods included in inventory costs. See the or held for sale in the ordinary course of
sold. instructions for lines 2 and 7. business.
• Real property or personal property
Inventories For additional guidance on this method (tangible and intangible) acquired for resale.
of accounting, see Pub. 538, Accounting • The production of real property and
Generally, inventories are required at the Periods and Methods. For guidance on tangible personal property by a corporation
beginning and end of each tax year if the adopting or changing to this method of for use in its trade or business or in an
production, purchase, or sale of accounting, see Form 3115, Application for activity engaged in for profit.
merchandise is an income-producing Change in Accounting Method, and its
factor. See Regulations section 1.471-1. If instructions. See the discussion on section 263A
inventories are required, you generally uniform capitalization rules in the
must use an accrual method of accounting Qualifying taxpayer. A qualifying instructions for your tax return before
for sales and purchases of inventory items. taxpayer is a taxpayer that, (a) for each completing Form 1125-A. Also see
Exception for certain taxpayers. If you prior tax year ending after December 16, Regulations sections 1.263A-1 through
are a qualifying taxpayer or a qualifying 1998, has average annual gross receipts of 1.263A-3. See Regulations section
small business taxpayer (defined below), $1 million or less for the 3 prior tax years, 1.263A-4 for rules for property produced in
you can adopt or change your accounting and (b) its business is not a tax shelter (as a farming business.
method to account for inventoriable items defined in section 448(d)(3)). See Rev.
in the same manner as materials and Proc. 2001-10, 2001-2 I.R.B. 272.
supplies that are not incidental.
Qualifying small business taxpayer. A
qualifying small business taxpayer is a
taxpayer that, (a) for each prior tax year

For Paperwork Reduction Act Notice, see instructions. BAA REV 11/13/17 PRO Form 1125-A (Rev. 10-2016)

671117

2017 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2017, or tax year Part III Shareholder’s Share of Current Year Income,
(Form 1120S) Deductions, Credits, and Other Items

Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
42,064.
beginning / / 2017 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.

Part I Information About the Corporation 4 Interest income

A Corporation’s employer identification numberFor IRS Use Only 5a Ordinary dividends

20-4304881CLIENT COPY 5b Qualified dividends 14 Foreign transactions

B Corporation’s name, address, city, state, and ZIP code

Clear Tune Monitors, Inc.

6 Royalties

1933 Island Walk Drive 7 Net short-term capital gain (loss)
Orlando, FL 32824

C IRS Center where corporation filed return 8a Net long-term capital gain (loss)

Cincinnati, OH 45999-0013 8b Collectibles (28%) gain (loss)

Part II Information About the Shareholder 8c Unrecaptured section 1250 gain

D Shareholder’s identifying number 9 Net section 1231 gain (loss)

770-50-4557 10 Other income (loss) 15 Alternative minimum tax (AMT) items

E Shareholder’s name, address, city, state, and ZIP code A -7.

Cesar Milano
1933 Island Walk Drive
Orlando, FL 32824

F Shareholder’s percentage of stock 50.00000 %
ownership for tax year . . . . . . .

11 Section 179 deduction 16 Items affecting shareholder basis

12 Other deductions 1,954. C 1,110.

A 111. D 35,477.

17 Other information

* See attached statement for additional information.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120S. www.irs.gov/Form1120S Schedule K-1 (Form 1120S) 2017

BAA REV 12/13/17 PRO

Schedule K-1 (Form 1120S) 2017 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.
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: See the Shareholder’s Instructions
N Credit for employer social
Report on security and Medicare taxes

O Backup withholding

Passive loss See the Shareholder’s Instructions P Other credits

Passive income Schedule E, line 28, column (g) }14. Foreign transactions Form 1116, Part I
Nonpassive loss See the Shareholder’s Instructions A Name of country or U.S.
Nonpassive income Schedule E, line 28, column (j) possession
See the Shareholder’s Instructions
2. Net rental real estate income (loss) B Gross income from all sources
Schedule E, line 28, column (g) C Gross income sourced at
3. Other net rental income (loss)
Net income
CLIENT COPY shareholder level

Net loss See the Shareholder’s Instructions }Foreign gross income sourced at corporate level
4. Interest income Form 1040, line 8a D Passive category Form 1116, Part I
5a. Ordinary dividends Form 1040, line 9a
5b. Qualified dividends Form 1040, line 9b E General category
6. Royalties Schedule E, line 4
7. Net short-term capital gain (loss) Schedule D, line 5 F Other

Deductions allocated and apportioned at shareholder level

G Interest expense Form 1116, Part I

8a. Net long-term capital gain (loss) Schedule D, line 12 H Other Form 1116, Part I
8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4
(Schedule D instructions) Deductions allocated and apportioned at corporate level to foreign source
8c. Unrecaptured section 1250 gain
See the Shareholder’s Instructions income } Form 1116, Part I
I Passive category
J General category

9. Net section 1231 gain (loss) See the Shareholder’s Instructions K Other

10. Other income (loss) Other information

Code L Total foreign taxes paid Form 1116, Part II

A Other portfolio income (loss) See the Shareholder’s Instructions M Total foreign taxes accrued Form 1116, Part II

B Involuntary conversions See the Shareholder’s Instructions N Reduction in taxes available for

C Sec. 1256 contracts & straddles Form 6781, line 1 credit Form 1116, line 12

D Mining exploration costs recapture See Pub. 535 O Foreign trading gross receipts Form 8873
P Extraterritorial income exclusion Form 8873
E Other income (loss) See the Shareholder’s Instructions Q Other foreign transactions See the Shareholder’s Instructions

11. Section 179 deduction See the Shareholder’s Instructions }15. Alternative minimum tax (AMT) items
}12. Other deductions A Post-1986 depreciation adjustment
A Cash contributions (50%) See the Shareholder’s Instructions B Adjusted gain or loss See the Shareholder’s Instructions
B Cash contributions (30%) C Depletion (other than oil & gas) and the Instructions for Form 6251
C Noncash contributions (50%) D Oil, gas, & geothermal—gross income
D Noncash contributions (30%) E Oil, gas, & geothermal—deductions

E Capital gain property to a 50% F Other AMT items
organization (30%)
16. Items affecting shareholder basis
F Capital gain property (20%) } Form 1040, line 8b
A Tax-exempt interest income See the Shareholder’s Instructions
G Contributions (100%) B Other tax-exempt income
C Nondeductible expenses
H Investment interest expense Form 4952, line 1 D Distributions

I Deductions—royalty income Schedule E, line 19 E Repayment of loans from

J Section 59(e)(2) expenditures See the Shareholder’s Instructions

K Deductions—portfolio (2% floor) Schedule A, line 23 shareholders

L Deductions—portfolio (other) Schedule A, line 28 17. Other information

M Preproductive period expenses See the Shareholder’s Instructions A Investment income Form 4952, line 4a
B Investment expenses Form 4952, line 5
N Commercial revitalization deduction

from rental real estate activities See Form 8582 instructions

O Reforestation expense deduction See the Shareholder’s Instructions C Qualified rehabilitation expenditures

P Domestic production activities (other than rental real estate) See the Shareholder’s Instructions

information See Form 8903 instructions D Basis of energy property See the Shareholder’s Instructions

Q Qualified production activities income Form 8903, line 7b E Recapture of low-income housing

}R Employer’s Form W-2 wages Form 8903, line 17 credit (section 42(j)(5)) Form 8611, line 8
See the Shareholder’s Instructions
S Other deductions F Recapture of low-income housing

13. Credits credit (other) Form 8611, line 8

A Low-income housing credit (section G Recapture of investment credit See Form 4255
42(j)(5)) from pre-2008 buildings
H Recapture of other credits See the Shareholder’s Instructions

B Low-income housing credit (other) }I Look-back interest—completed See Form 8697
from pre-2008 buildings long-term contracts See Form 8866

C Low-income housing credit (section See the Shareholder’s J Look-back interest—income See the Shareholder’s Instructions
42(j)(5)) from post-2007 buildings Instructions forecast method

D Low-income housing credit (other) K Dispositions of property with
from post-2007 buildings section 179 deductions

E Qualified rehabilitation expenditures L Recapture of section 179
deduction
(rental real estate)
M Section 453(l)(3) information
F Other rental real estate credits N Section 453A(c) information
O Section 1260(b) information
G Other rental credits } Form 1040, line 73, box a
H Undistributed capital gains credit See the Shareholder’s Instructions P Interest allocable to production
I Biofuel producer credit expenditures
J Work opportunity credit Q CCF nonqualified withdrawals
K Disabled access credit
R Depletion information—oil and gas
L Empowerment zone
employment credit S Reserved

M Credit for increasing research T Section 108(i) information

activities U Net investment income

REV 12/13/17 PRO V Other information

671117

2017 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2017, or tax year Part III Shareholder’s Share of Current Year Income,
(Form 1120S) Deductions, Credits, and Other Items

Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
42,065.
beginning / / 2017 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.

Part I Information About the Corporation 4 Interest income

A Corporation’s employer identification numberFor IRS Use Only 5a Ordinary dividends

20-4304881CLIENT COPY 5b Qualified dividends 14 Foreign transactions

B Corporation’s name, address, city, state, and ZIP code

Clear Tune Monitors, Inc.

6 Royalties

1933 Island Walk Drive 7 Net short-term capital gain (loss)
Orlando, FL 32824

C IRS Center where corporation filed return 8a Net long-term capital gain (loss)

Cincinnati, OH 45999-0013 8b Collectibles (28%) gain (loss)

Part II Information About the Shareholder 8c Unrecaptured section 1250 gain

D Shareholder’s identifying number 9 Net section 1231 gain (loss)

088-82-3126 10 Other income (loss) 15 Alternative minimum tax (AMT) items

E Shareholder’s name, address, city, state, and ZIP code A -7.

Sandra Cardona
1933 Island Walk Drive
Orlando, FL 32824

F Shareholder’s percentage of stock 50.00000 %
ownership for tax year . . . . . . .

11 Section 179 deduction 16 Items affecting shareholder basis

12 Other deductions 1,955. C 1,110.

A 111. D 35,478.

17 Other information

* See attached statement for additional information.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120S. www.irs.gov/Form1120S Schedule K-1 (Form 1120S) 2017

BAA REV 12/13/17 PRO

Schedule K-1 (Form 1120S) 2017 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.
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: See the Shareholder’s Instructions
N Credit for employer social
Report on security and Medicare taxes

O Backup withholding

Passive loss See the Shareholder’s Instructions P Other credits

Passive income Schedule E, line 28, column (g) }14. Foreign transactions Form 1116, Part I
Nonpassive loss See the Shareholder’s Instructions A Name of country or U.S.
Nonpassive income Schedule E, line 28, column (j) possession
See the Shareholder’s Instructions
2. Net rental real estate income (loss) B Gross income from all sources
Schedule E, line 28, column (g) C Gross income sourced at
3. Other net rental income (loss)
Net income
CLIENT COPY shareholder level

Net loss See the Shareholder’s Instructions }Foreign gross income sourced at corporate level
4. Interest income Form 1040, line 8a D Passive category Form 1116, Part I
5a. Ordinary dividends Form 1040, line 9a
5b. Qualified dividends Form 1040, line 9b E General category
6. Royalties Schedule E, line 4
7. Net short-term capital gain (loss) Schedule D, line 5 F Other

Deductions allocated and apportioned at shareholder level

G Interest expense Form 1116, Part I

8a. Net long-term capital gain (loss) Schedule D, line 12 H Other Form 1116, Part I
8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4
(Schedule D instructions) Deductions allocated and apportioned at corporate level to foreign source
8c. Unrecaptured section 1250 gain
See the Shareholder’s Instructions income } Form 1116, Part I
I Passive category
J General category

9. Net section 1231 gain (loss) See the Shareholder’s Instructions K Other

10. Other income (loss) Other information

Code L Total foreign taxes paid Form 1116, Part II

A Other portfolio income (loss) See the Shareholder’s Instructions M Total foreign taxes accrued Form 1116, Part II

B Involuntary conversions See the Shareholder’s Instructions N Reduction in taxes available for

C Sec. 1256 contracts & straddles Form 6781, line 1 credit Form 1116, line 12

D Mining exploration costs recapture See Pub. 535 O Foreign trading gross receipts Form 8873
P Extraterritorial income exclusion Form 8873
E Other income (loss) See the Shareholder’s Instructions Q Other foreign transactions See the Shareholder’s Instructions

11. Section 179 deduction See the Shareholder’s Instructions }15. Alternative minimum tax (AMT) items
}12. Other deductions A Post-1986 depreciation adjustment
A Cash contributions (50%) See the Shareholder’s Instructions B Adjusted gain or loss See the Shareholder’s Instructions
B Cash contributions (30%) C Depletion (other than oil & gas) and the Instructions for Form 6251
C Noncash contributions (50%) D Oil, gas, & geothermal—gross income
D Noncash contributions (30%) E Oil, gas, & geothermal—deductions

E Capital gain property to a 50% F Other AMT items
organization (30%)
16. Items affecting shareholder basis
F Capital gain property (20%) } Form 1040, line 8b
A Tax-exempt interest income See the Shareholder’s Instructions
G Contributions (100%) B Other tax-exempt income
C Nondeductible expenses
H Investment interest expense Form 4952, line 1 D Distributions

I Deductions—royalty income Schedule E, line 19 E Repayment of loans from

J Section 59(e)(2) expenditures See the Shareholder’s Instructions

K Deductions—portfolio (2% floor) Schedule A, line 23 shareholders

L Deductions—portfolio (other) Schedule A, line 28 17. Other information

M Preproductive period expenses See the Shareholder’s Instructions A Investment income Form 4952, line 4a
B Investment expenses Form 4952, line 5
N Commercial revitalization deduction

from rental real estate activities See Form 8582 instructions

O Reforestation expense deduction See the Shareholder’s Instructions C Qualified rehabilitation expenditures

P Domestic production activities (other than rental real estate) See the Shareholder’s Instructions

information See Form 8903 instructions D Basis of energy property See the Shareholder’s Instructions

Q Qualified production activities income Form 8903, line 7b E Recapture of low-income housing

}R Employer’s Form W-2 wages Form 8903, line 17 credit (section 42(j)(5)) Form 8611, line 8
See the Shareholder’s Instructions
S Other deductions F Recapture of low-income housing

13. Credits credit (other) Form 8611, line 8

A Low-income housing credit (section G Recapture of investment credit See Form 4255
42(j)(5)) from pre-2008 buildings
H Recapture of other credits See the Shareholder’s Instructions

B Low-income housing credit (other) }I Look-back interest—completed See Form 8697
from pre-2008 buildings long-term contracts See Form 8866

C Low-income housing credit (section See the Shareholder’s J Look-back interest—income See the Shareholder’s Instructions
42(j)(5)) from post-2007 buildings Instructions forecast method

D Low-income housing credit (other) K Dispositions of property with
from post-2007 buildings section 179 deductions

E Qualified rehabilitation expenditures L Recapture of section 179
deduction
(rental real estate)
M Section 453(l)(3) information
F Other rental real estate credits N Section 453A(c) information
O Section 1260(b) information
G Other rental credits } Form 1040, line 73, box a
H Undistributed capital gains credit See the Shareholder’s Instructions P Interest allocable to production
I Biofuel producer credit expenditures
J Work opportunity credit Q CCF nonqualified withdrawals
K Disabled access credit
R Depletion information—oil and gas
L Empowerment zone
employment credit S Reserved

M Credit for increasing research T Section 108(i) information

activities U Net investment income

REV 12/13/17 PRO V Other information

Form 1125-E Compensation of Officers

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

Name Employer identification number

Clear Tune Monitors, Inc. 20-4304881

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

(a) Name of officer (b) Social security number (c) Percent of Percent of stock owned (f) Amount of
(see instructions) time devoted to compensation
business (d) Common (e) Preferred

1 Cesar MilanoCLIENT COPY 770-50-4557 100 % 50% % 12,000.

Sandra Cardona 088-82-3126 100 % 50% % 12,000.

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

%%%

2 Total compensation of officers . . . . . . . . . . . . . . . . . . . . . . . 2 24,000.
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 24,000.

For Paperwork Reduction Act Notice, see separate instructions. BAA REV 11/13/17 PRO Form 1125-E (Rev. 10-2016)

4562Form Depreciation and Amortization OMB No. 1545-0172

Department of the Treasury (Including Information on Listed Property) 2017
Internal Revenue Service (99) Attachment
Name(s) shown on return Attach to your tax return. Sequence No. 179
Go to www.irs.gov/Form4562 for instructions and the latest information.
Identifying number
Business or activity to which this form relates

Clear Tune Monitors, Inc. Form 1120S Line 21 20-4304881

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) . . . . . . . . . . . . . . . . . . . . . . . 1 510,000.
2 3,909.
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . 3
4 2,030,000.
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . 0.
5
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . 510,000.
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing

separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . .
CLIENT COPY
6 (a) Description of property (b) Cost (business use only) (c) Elected cost

3D Printer 3,578. 3,578.
331.
Desk/Chair 331.

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 3,909.
9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . 9 3,909.
10 Carryover of disallowed deduction from line 13 of your 2016 Form 4562 . . . . . . . . . . . 10

11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions) 11 108,129.

12 Section 179 expense deduction. Add lines 9 and 10, but don’t enter more than line 11 . . . . . . 12 3,909.

13 Carryover of disallowed deduction to 2018. Add lines 9 and 10, less line 12 13 0.

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 14 0.
during the tax year (see instructions) . . . . . . . . . . . . . . . . . . . . . . 15

15 Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . .

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 2017 . . . . . . . 17 633.
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 2017 Tax Year Using the General Depreciation System

(a) Classification of property (b) Month and year (c) Basis for depreciation (d) Recovery (e) Convention (f) Method (g) Depreciation deduction
placed in (business/investment use period
service only—see instructions)

19a 3-year property

b 5-year property

c 7-year property

d 10-year property

e 15-year property

f 20-year property 25 yrs. MM S/L
27.5 yrs. MM S/L
g 25-year property 27.5 yrs. MM S/L
h Residential rental 39 yrs. MM S/L
S/L
property

i Nonresidential real
property

Section C—Assets Placed in Service During 2017 Tax Year Using the Alternative Depreciation System

20a Class life S/L

b 12-year 12 yrs. S/L

c 40-year 40 yrs. MM S/L

Part IV Summary (See instructions.)

21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . 21 633.
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter 22 Form 4562 (2017)

here and on the appropriate lines of your return. Partnerships and S corporations—see instructions .

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. BAA REV 02/27/18 PRO

7004Form Application for Automatic Extension of Time To File Certain OMB No. 1545-0233
Business Income Tax, Information, and Other Returns
(Rev. December 2017)
File a separate application for each return.
Department of the Treasury
Internal Revenue Service Go to www.irs.gov/Form7004 for instructions and the latest information.

Name Identifying number

Print Clear Tune Monitors, Inc. 20-4304881
or
Type Number, street, and room or suite no. (If P.O. box, see instructions.)

1933 Island Walk Drive

City, town, state, and ZIP code (If a foreign address, enter city, province or state, and country (follow the country’s practice for entering postal code)).

Orlando FL 32824
Note: File request for extension by the due date of the return. See instructions before completing this form.

Part I Automatic Extension for Certain Business Income Tax, Information, and Other Returns. See instructions.
CLIENT COPY
1 Enter the form code for the return listed below that this application is for . . . . . . . . . . . . . . . 2 5

Application Form Application Form

Is For: Code Is For: Code

Form 706-GS(D) 01 Form 1120-ND 19
Form 706-GS(T) 02 Form 1120-ND (section 4951 taxes) 20
Form 1041 (bankruptcy estate only) 03 Form 1120-PC 21
Form 1041 (estate other than a bankruptcy estate) 04 Form 1120-POL 22
Form 1041 (trust) 05 Form 1120-REIT 23
Form 1041-N 06 Form 1120-RIC 24
Form 1041-QFT 07 Form 1120S 25
Form 1042 08 Form 1120-SF 26
Form 1065 09 Form 3520-A 27
Form 1065-B 10 Form 8612 28
Form 1066 11 Form 8613 29
Form 1120 12 Form 8725 30
Form 1120-C 34 Form 8804 31
Form 1120-F 15 Form 8831 32
Form 1120-FSC 16 Form 8876 33
Form 1120-H 17 Form 8924 35
Form 1120-L 18 Form 8928 36
Part II All Filers Must Complete This Part

2 If the organization is a foreign corporation that does not have an office or place of business in the United States,
check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 If the organization is a corporation and is the common parent of a group that intends to file a consolidated return,
check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If checked, attach a statement listing the name, address, and employer identification number (EIN) for each member
covered by this application.

4 If the organization is a corporation or partnership that qualifies under Regulations section 1.6081-5, check here .

5a The application is for calendar year 2017 , or tax year beginning , 20 , and ending , 20

b Short tax year. If this tax year is less than 12 months, check the reason: Initial return Final return

Change in accounting period Consolidated return to be filed Other (see instructions—attach explanation)

6 Tentative total tax . . . . . . . . . . . . . . . . . . . . . . . . . . 6 0

7 Total payments and credits (see instructions) . . . . . . . . . . . . . . . . . 7 0

8 Balance due. Subtract line 7 from line 6 (see instructions) . . . . . . . . . . . . . 80
Form 7004 (Rev. 12-2017)
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

BAA REV 04/03/18 PRO

Form 8879-S IRS e-file Signature Authorization for Form 1120S OMB No. 1545-0123

Return completed Form 8879-S to ERO. (Don't send to IRS.) 2017

Department of the Treasury Go to www.irs.gov/Form8879S for the latest information. .

Internal Revenue Service For calendar year 2017, or tax year beginning , 2017, and ending , 20

Name of corporation Employer identification number

Clear Tune Monitors, Inc. 20-4304881
Part I Tax Return Information (Whole dollars only)

1 Gross receipts or sales less returns and allowances (Form 1120S, line 1c) . . . . . . . . . 1 636,661.
2 Gross profit (Form 1120S, line 3) . . . . . . . . . . . . . . . . . . . . . . . 2 406,414.
3 Ordinary business income (loss) (Form 1120S, line 21) . . . . . . . . . . . . . . . . 3 84,129.
4 Net rental real estate income (loss) (Form 1120S, Schedule K, line 2) . . . . . . . . . . . 4
CLIENT COPY
5 Income (loss) reconciliation (Form 1120S, Schedule K, line 18) . . . . . . . . . . . . . 5 79,998.

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
2017 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

I authorize to enter my PIN as my signature

ERO firm name Don’t enter all zeros

on the corporation’s 2017 electronically filed income tax return.

As an officer of the corporation, I will enter my PIN as my signature on the corporation’s 2017 electronically filed income tax
return.

Officer’s signature Date Title President
Part III Certification and Authentication

ERO’s EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN. 50102713008

Don’t enter all zeros

I certify that the above numeric entry is my PIN, which is my signature on the 2017 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 05/09/2018

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 (2017)
BAA
REV 01/25/18 PRO

Form 1120S S Corporation 2017
Five Year Tax History

G Keep for your records

Name Employer Identification Number

Clear Tune Monitors, Inc. 20-4304881

2013 2014 2015 2016 2017

1 Gross receipts 198,287. 368,373. 408,843. 512,294. 636,661.
2 Cost of sales 62,893. 96,535. 93,555. 177,808. 230,247.
3 Gross profit 334,486. 406,414.
4 Net 4797 gain (loss) 135,394. 271,838. 315,288.
5 Other income (loss) 334,486. 406,414.
6 Total income (loss) 135,394. 271,838. 315,288.
CLIENT COPY
7 Salaries 1,482. 1,009. 1,325. 632. 633.
8 Depreciation 120,622. 212,175. 271,123. 282,181. 321,652.
9 Other deductions -122,104. -213,184. -272,448. -282,813. -322,285.
10 Total deductions
11 Business income 13,290. 58,654. 42,840. 51,673. 84,129.
12 Passive investment

income
13 Passive investment

expense
14 Net passive

investment income
15 Excess net passive

income tax
16 Tax from

Schedule D
17 Additional taxes
18 Tax liability

19 Tax return 0. 0. 0. 0. 0.
preparation fee

SPSW2301.SCR 09/08/17

Form 4562 Depreciation and Am

Tax Yea
G Keep for y

Name as Shown on Return

Clear Tune Monitors, Inc.

QuickZoom here to enter assets

QuickZoom here to set MACRS convention for assets acquired in 2017

Activity: Form 1120S - Line 21
CLIENT C
Date Cost Land Bus S

Asset Description Code In Service (Net of Use %
* Land)

DEPRECIATION

3D Printer 03/08/17 3,578 100.00

Desk/Chair 10/27/17 331 100.00

SUBTOTAL CURRENT 3,909 0

Printer/Fax 02/27/06 350 100.00 2
Spray Machine 03/01/06 2,988 100.00
Computer System 04/12/06 1,985 100.00
Leasehold Improveme 08/01/11 6,499 100.00
Furniture 01/01/12 100.00
Laser Machine 04/18/12 420 100.00
Air Compresson/UV L 04/18/12 5,998 100.00
Computer System 05/08/13 2,794 100.00
iPad 10/11/13 1,383 100.00
Mini iPad 12/22/13 100.00
Cleaning Machine 03/03/14 318 100.00
Apple Computer 03/18/14 320 100.00
Office Furniture 05/07/14 1,250 100.00
Punch Time Machine 05/22/14 1,363 100.00
Office Sofa 05/26/14 498 100.00
Trailer 05/27/14 201 100.00
Full Color Printer 09/25/14 479 100.00
Dust Collector Hand 10/29/14 700 100.00
Lab Dust Collector 11/02/14 20,317 100.00
Table 11/09/14 477 100.00
Office Equipment 11/10/14 215 100.00
Monitor 12/01/14 202 100.00
Stand 12/08/14 245 100.00
Office Equipment 01/29/15 326 100.00
Leasehold Improveme 05/20/15 262 100.00
Computer 07/20/15 499 100.00
Equipment 12/11/15 1,074 100.00
Office TV 12/11/15 298 100.00
Apple Computer 04/28/16 324 100.00
Vacuum Cleaner for 06/06/16 368 100.00
Shelves 08/12/16 580 100.00
Office Furniture 08/26/16 5,400 100.00
485
247

* Code: S = Sold, A = Auto, L = Listed, V = Vine with SDA in

COPmortization Report 2017

ar 2017 Page 1 of 2

your records Identifying Number

20-4304881

7

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

3,578 0 05.00 200DB/HY 0
331 0 07.00 200DB/HY 0

3,909 0 0 00

1,383 2,999 3505.00 200DB/HY 350 0
318 1,397 2,9887.00 200DB/HY 2,988 0
320 1,9855.00 200DB/HY 1,985 0
0 6,49939.00SL/MM 167
1,250 0 897 38
1,363 0 4207.00 200DB/HY 326 268
2,9997.00 200DB/HY 2,330 124
498 0 1,3977.00 200DB/HY 1,086 0
201 0 0
479 0 05.00 200DB/HY 0 0
700 0 05.00 200DB/HY 0 0
20,317 05.00 200DB/HY 0 0
477 0 07.00 200DB/HY 0 0
215 0 05.00 200DB/HY 0 0
202 0 07.00 200DB/HY 0 0
245 0 07.00 200DB/HY 0 0
326 0 07.00 200DB/HY 0 0
262 0 07.00 200DB/HY 0 0
499 0 05.00 200DB/HY 0 0
0 07.00 200DB/HY 0 0
298 537 07.00 200DB/HY 0 0
324 0 07.00 200DB/HY 0 0
368 0 07.00 200DB/HY 0 0
580 0 05.00 200DB/HY 0 0
5,400 0 07.00 200DB/HY 0 36
485 0 07.00 200DB/HY 0 0
247 0 53715.00SL/HY 54 0
0 05.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0 0
05.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0
07.00 200DB/HY 0

n Year Planted/Grafted, C = COGS

Form 4562 Depreciation and Am

Tax Yea
G Keep for y

Name as Shown on Return

Clear Tune Monitors, Inc.

QuickZoom here to enter assets

QuickZoom here to set MACRS convention for assets acquired in 2017

Activity: Form 1120S - Line 21
CLIENT C
Date Cost Land Bus S

Asset Description Code In Service (Net of Use %
* Land)

Lab Lights 08/30/16 210 100.00

Desk and Shelf 09/27/16 1,685 100.00

TV 12/05/16 534 100.00

SUBTOTAL PRIOR YE 61,294 0 3

TOTALS 65,203 0 4

* Code: S = Sold, A = Auto, L = Listed, V = Vine with SDA in

COPmortization Report 2017

ar 2017 Page 2 of 2

your records Identifying Number

20-4304881

7

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

210 0 07.00 200DB/HY 00

1,685 0 07.00 200DB/HY 00

534 0 07.00 200DB/HY 00

39,186 4,933 17,175 10,016 633

43,095 4,933 17,175 10,016 633

n Year Planted/Grafted, C = COGS

Form 1120S Other Assets 2017
Schedule L
Employer ID Number
Name
20-4304881
Clear Tune Monitors, Inc.
Beginning of End of
Other Current Assets: tax year tax year
Deposits Held by Others
601. 601.

Total to Form 1120S, Schedule L, line 6CLIENT COPY 601. 601.
Other Investments:
Beginning of End of
tax year tax year

Total to Form 1120S, Schedule L, line 9 Beginning of End of
Other Assets: tax year tax year

Total to Form 1120S, Schedule L, line 14

SPSW1601.SCR 09/18/17

Form 1120S Other Liabilities 2017
Schedule L
and Adjustments to Shareholders’ Equity Employer ID Number

Name 20-4304881

Clear Tune Monitors, Inc.

Other Current Liabilities: Beginning of End of
tax year tax year
Payroll Taxes Payable
Sales Tax Payable 1,002. 1,002.
Credit Cards Payable 311. 223.
Customer Deposits
23,685. 14,907.
750. 750.
CLIENT COPY
Total to Form 1120S, Schedule L, line 18 25,748. 16,882.
Other Liabilities:
Beginning of End of
tax year tax year

Total to Form 1120S, Schedule L, line 21 Beginning of End of
Adjustments to Shareholders’ Equity: tax year tax year

Total to Form 1120S, Schedule L, line 25

SPSW1701.SCR 09/18/17

Form 7004 Electronic Filing Information Worksheet 2017

Name Social Security Number

Clear Tune Monitors, Inc. 20-4304881

Prepare Form 7004 for Electronic Filing

Extension accepted (will be blanked if extension not previously transmitted) X
Signature of Officer

CLIENT COPYOfficer’s Name
Officer’s Title
Signature Date

Electronic Funds Withdrawal - Amount paid with Form 7004

NOTE - A Practitioner PIN is required for Form 7004 efile if using electronic funds withdrawal

Enter the payment date to withdraw tax payment
Practitioner PIN information for Form 7004

NOTE - A Practitioner PIN is required for Form 7004 efile if using electronic funds withdrawal

Please indicate how the Officer PIN is entered into the program.
Officer entered PIN
ERO entered Officer’s PIN

ERO’s Practitioner PIN (EFIN followed by any 5 numbers) EFIN Self-Select PIN

ERO Declaration: I certify that the above numeric entry is my PIN, which is my signature to authorize
submission of the electronic application for extension and electronic funds withdrawal for the corporation
indicated above. I confirm that I am submitting application for extension in accordance with the requirements
of the Pracitioner PIN method and Publications 4163, Modernized e-File Information for Authorized IRS e-file
Providers, and 3112, IRS e-file Application and Participation.

Perjury Statement: Under penalties of perjury, I declare that I have been authorized by the above taxpayer
to make this authorization and that I have examined a copy of the taxpayer’s electronic extension (Form
7004) for the tax period indicated above and to the best of my knowledge and belief, it is true, correct, and
complete.

Consent to disclosure: 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) an indication of any refund
offset, (c) the reason for any delay in processing the return or refund, and (d) the date of any refund.

Electronic Funds Withdrawal Consent (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
Form 7004, 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 institution 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 certify that I have the authority to execute this consent on behalf of the organization. I am signing this
Disclosure Consent by entering my self-selected PIN below.

Date
Officer’s PIN (enter any 5 numbers)

S Corporation Information Worksheet 2017

G Keep for your records

Part I ' Identifying Information

Employer Identification Number 20-4304881 Date Incorporated 02/03/2006

Name Clear Tune Monitors, Inc.

Doing Business As

Address 1933 Island Walk Drive

City Orlando State FL ZIP Code 32824
CLIENT COPY
Foreign Province/State Foreign Postal Code

Foreign Code Foreign Country

Is the business primary physical address different from the return address? Yes X No

Address 1933 Island Walk Drive

City Orlando State FL U.S. ZIP Code 32824

Foreign Province/State Foreign Postal Code

Foreign Code Foreign Country

Telephone Number Extension
Fax Number E-Mail Address
Tax Shelter Registration Number

Part II ' Tax Year and Filing Information

X Calendar year Ending date
Fiscal year ' Ending month
Short year ' Beginning date

X Enrolled in the Electronic Federal Tax Payment System (EFTPS)

IRS Service Center where S Corporation return is filed Cincinnati, OH 45999-0013

Part III ' 2017 1120S Corporation Estimated Tax Paid

Amount of 2016 overpayment credited to 2017 estimated tax

Information Req for Electronic Filing

Quarter Due Date Amount Payment Bank EFTPS
Paymt Date Paid Paid Method Acct Confirmation
Due Num
Number

First 04/18/17
Second 06/15/17
Third 09/15/17
Fourth 12/15/17

Additional Payments

1 N/A
2 N/A
3 N/A
4 N/A

Clear Tune Monitors, Inc. 20-4304881 Page 2

Part IV ' K-1 Information

K-1 Rounding Options
X Distribute the rounding difference to shareholder with the largest percentage.
Distribute the rounding difference among shareholders.
Do not distribute the rounding difference to any shareholder.

Print Schedules K-1 with tax return?
X Yes
No

Include page 2 of Schedules K-1 (codes and descriptions) with tax return?
X Yes
No
CLIENT COPY
Part V - Taxpayer Signature Information

Officer’s Name Cesar Officer’s Title Milano
Officer’s Name for EF Cesar Milano President
Officer’s Social Security Number 770-50-4557

Part VI ' Electronic Filing Information

Electronic Filing Security Information (see tax help)

Total income amount from 2016 return (Form 1120S, pg 1, ln 6) 334,486.

Claiming compensation of officers for 2017 X

Number of officers with compensation for 2017 2

Number of Employee W2s issued for 2017 2

Check the box(es) for returns required to be filed for 2017:

(1) Form 720 (2) X Form 940 (3) X Form 941 (4) Form 943

(5) Form 944 (6) Form 945 (7) Form 990 (8) Form 1042

(9) Not applicable

Practitioner PIN program:

X Check this box to sign this return electronically using the Practitioner PIN (Form 8879-S)

ERO entered PIN (Form 8453-S)

Officer’s PIN (enter any 5 numbers) 18840

Date PIN entered 05/07/2018

Clear Tune Monitors, Inc. 20-4304881 Page 3

Choose Returns to be Filed Electronically:

Note: Returns represented by gray bars are not supported by ProSeries or Taxing Agency.

* See Estimated Payments forms/worksheets in the state return for more information.

Original Amended Estimated Payments

Filings To Return Extension Return 1234

Federal Filings

Federal Form 1120S XX

Form 114 (FBAR)

State Filings

Information Only: Selection of
CLIENT COPY
state/city return(s) was made

Alabama

Alabama Composite

Arkansas

Arkansas Corporation

California

Colorado

Connecticut

Florida Corporation

Georgia

Georgia Corporation

Illinois

Indiana

Iowa

Kansas

Louisiana Corporation

Maine

Maryland

Massachusetts

Michigan

Minnesota

Missouri

Montana

New Jersey

New Jersey Fiscal S Corporation

New Jersey Corporation

New Jersey Fiscal Corporation

New York *

New York Corporation

New York City *

North Carolina

North Dakota

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

Tennessee

Texas

Utah

Vermont

Virginia

West Virginia

Wisconsin

Wisconsin Non-Combined Corp
QuickZoom to Electronic Filing Information Worksheet (includes subsequent amended returns)

Clear Tune Monitors, Inc. 20-4304881 Page 4

Part VII ' Direct Deposit or Electronic Funds Withdrawal Information

Yes No

Does client want to use direct deposit of any federal tax refund?
Does client want to use electronic funds withdrawal of federal balance due (EF only)?
Does client want to use electronic funds withdrawal of Form 7004 balance due (EF only)?
Use electronic funds withdrawal of amended return balance due (EF only)?
CLIENT COPY
Bank Information

Check to confirm transferred account information (which appears in green) is correct

Name of Financial Institution (optional)

Check the appropriate box Checking Savings

Routing number

Account number

Payment Information
Enter the payment date to withdraw tax payment
Balance due amount from this return
Enter an amount to withdraw tax payment
If partial payment is made, the remaining balance due

QuickZoom here to Form 1120S, Pages 1 and 2
QuickZoom here to Schedule K-1 Worksheet

spsw3501.SCR 03/21/18

Form 1120S Other Deductions Worksheet 2017
Page 1, Line 19
G Keep for your records

Name Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

1 Accounting CLIENT COPY 1
2 Amortization 2
3 Automobile and truck expense 3 11,868.
4 1,047.
4 Bank charges 5 842.
5 Cleaning 6 1,677.
6 Commissions 7
7 Computer services and supplies
8
8 Credit and collection costs 9
9 Delivery and freight 10
10 Discounts 11 150.
11 Dues and subscriptions
12
12 Equipment rent 13
13 Gifts 14 1,339.
14 Insurance
15
15 Janitorial 16
16 Laundry and cleaning 17 9,675.
17 Legal and professional 18 a 4,441.
18 a Meals and entertainment, subject to 50% limit
b
b Meals and entertainment, subject to 80% limit c
c Meals and entertainment, allowed at 100% d 2,220.
d Less disallowed
e Meals and entertainment, net 18 e 2,221.
19 1,094.
19 Miscellaneous 20 16,306.
20 Office expense 21 106,275.
21 Outside services/independent contractors 22 285.
23
22 Parking fees and tolls 24 14,401.
23 Permits and fees 25 3,195.
24 Postage 26 720.
25 Printing 27 1,047.
28 5,017.
26 Security 29
27 Supplies
28 Telephone 30
29 Tools 31 34,038.
32 912.
30 Training/continuing education 33 3,826.
31 Travel 34
32 Uniforms 35

33 Utilities 6,438.
34 Total farm expenses (Schedule F, Line 33) 2,093.
35 Other (itemize): 27,833.

Merchant account fees
Credit card fees
Website and marketing

36 Total to Form 1120S, page 1, line 19 36 252,299.

spsw9001.SCR 09/07/17

Form 1120S Schedule M-1 Items Worksheet 2017

G Keep for your records

Name Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Income Items: Per Per Difference
Books Tax Return (Book - Tax)
Description

Permanent items (tax-exempt income):
Tax-exempt interest ' in state:

Direct Entry From K-1s

Tax-exempt interest ' out of state
Life insurance proceeds
Other permanent income items:
CLIENT COPY
Gain (Loss) on disposition of Section 179 assets
Alcohol used as fuel credit included in income
Timing (temporary) items:
Unearned rent income
Unearned income
Gain on sale of assets
Installment sale income
Fuels tax credit included in income
Other timing income items:

Total Per Per Difference
Books Tax Return (Tax - Book)
Expense Items:
Description 2,220. -2,220.

Permanent items (nondeductible expenses):
Disallowed meals and entertainment
Employment credits wage reduction
Federal underpayment penalty
State underpayment penalty
Other fines and penalties
Officers’ life insurance premiums
Interest paid to carry tax-exempt investments
Payroll Taxes for Employer SS Tax on Tips Credit
Employee benefit reduction credit from Form 8845
Small employer pension plan startup costs credit
from Form 8881
Credit for Small Employer Health Ins Premiums from
Form 8941
Other expenses related to tax-exempt income
Other permanent expense items:

Lease inclusion amount - enter as a negative 4,542.
Timing (temporary) items:

Depreciation and Section 179 expense
Amortization
Depletion other than oil and gas
Loss on sale of assets
Organizational costs
Bad debt expense
Prepaid expenses
Other timing expense items:

Total 2,220. 4,542. -2,220.

spsw5101.SCR 09/07/17

Schedule M-2 / Retained Earnings Worksheet 2017

G Keep for your records

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Analysis of Retained Earnings Accounts

Description Accumulated Other Shareholders’ Accumulated Retained Total
adjustments adjustments undistributed tax/book earnings
timing while a C
account account taxable Corporation
income differences
CLIENT COPY
Balance at beginning of year 702 0 0 0 0 702
Ordinary income (loss) 84129
Schedule K additions

(Income/Gains):

Schedule K reductions -222
-3909
(Losses/Deductions):
Charitable contributions
Section 179 expense

Income ' Tax exempt
Deductions ' Exempt related

Schedule M-1 additions:

Schedule M-1 reductions: -2220
Meals and entertainment

Net adjustment for year 77778 0 77778
Net income(loss) per books 0 0 0 0 78480
Subtotal 78480 0
AAA without net negative adj. 78480 0 0 0 -70955
-70955 00
Distributions
Dividends 7525 0 0 0 7525
Balance at end of tax year

SPSW5001.SCR 09/07/17

Form 1120S Schedule K Reconciliation 2017

G Keep for your records

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Lines 1 thru 16c

Shareholder -1- -11- -12a- -15a- -16c-
Ordinary Section Charit. Deprec. Non-ded.
Income 179 Exp. Contrib. Adjust. Expenses
CLIENT COPY
Cesar Milano (50.00%) 42,064 1,954 111 -7 1,110
Sandra Cardona (50.00%) 42,065 1,955 111 -7 1,110

Total shown on Schedules K-1 84,129 3,909 222 -14 2,220
222 -14 2,220
Amount shown on Schedule K 84,129 3,909

QuickZoom to Additional Schedule K Reconciliation Reports

SPSW6201.SCR 09/07/17

Form 1120S Schedule K Reconciliation 2017

G Keep for your records Employer Identification No.

Name as Shown on Return 20-4304881

Clear Tune Monitors, Inc.

Lines 16d thru 18

Shareholder -16d- -18-
Distrib. Total
Income
CLIENT COPY
Cesar Milano (50.00%) 35,477 39,999
Sandra Cardona (50.00%) 35,478 39,999

Total shown on Schedules K-1 70,955 79,998

Amount shown on Schedule K 70,955 79,998

QuickZoom to Additional Schedule K Reconciliation Reports

SPSW6201.SCR 09/07/17

Form 1120S Shareholders’ Basis Report 2017

G Keep for your records EIN

Name 20-4304881

Clear Tune Monitors, Inc.

Shareholder See Stock and Loan Basis ID No.
Basis
Type Beginning Increases Decreases Distributions Ending
Balance Balance
Stock CLIENT COPY
Loan
Total

Total for All Shareholders

Basis Beginning Increases Decreases Distributions Ending
Type Balance Balance
Stock
Loan 1,202. 84,129. 6,351. 70,955. 8,025.
Total
0. 0.
SPSW4001.SCR 09/15/17
1,202. 84,129. 6,351. 70,955. 8,025.

Form 1120S Shareholder’s Basis Statement 2017

G Note to Shareholder: Keep for your records

Shareholder’s name Identifying Number

Cesar Milano 770-50-4557

Corporation’s name Employer ID Number

Clear Tune Monitors, Inc. 20-4304881

Part I ' Election

CLIENT COPYSpecial ordering election under Reg. Section 1.1367-1(g) has been made
Part II ' Stock Basis

1 Beginning of year stock basis 1 602.
2 Capital contributions 2
3 Income items 3 42,064.
4 Add lines 1 through 3 4 42,666.
5 Distributions (not to exceed line 4) 5 35,477.
6 Subtract line 5 from line 4 6 7,189.
7 Loss items (not to exceed line 6) or
7 1,110.
X Nondeductible expenses (not to exceed line 6) 8 6,079.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 2,065.
10 4,014.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 4,014.
11 Loan basis restoration
12 End of year stock basis (subtract line 11 from line 10)

Part III ' Loan Balance

13 Beginning of year loan balance 13 0.
14 Current year loans to corporation 14
15 Loan repayments 15
16 End of year loan balance 16 0.

Part IV ' Loan Basis

17 Beginning of year loan basis 17 0.
18 Loan basis restoration 18 0.
19 Current year loans to corporation 19 0.
20 Add lines 17 through 19 20
21 Loan repayments in full 0.
21 0.
If reduced basis loan, portion allocated to income 22 0.
Note: add above portion of loan repayment allocated to income to appropriate 0.
23 0.
category of income, ordinary income, or long or short term capital gain 24 0.
on shareholder’s return
Portion of loan repayment allocated to loan basis (not to exceed line 20) 25
22 Subtract line 21 from line 20 26
23 Excess loss items (not to exceed line 22) or
X Excess nondeductible expense items (not to exceed line 22)
24 Subtract line 23 from line 22
25 Excess nondeductible expense items (not to exceed line 24) or
X Excess loss items (not to exceed line 24)
26 End of year loan basis (subtract line 25 from line 24)

Part V ' Total Basis

27 Total end of year stock basis and loan basis 27 4,014.

Part VI ' Loss Carryovers 28 0.
29 0.
28 Loss items carried over to next year Page 2
29 Nondeductible expense items carried over to next year
42,064.
Cesar Milano 770-50-4557

Part VII ' Income Items

30 Items of income from Schedule K-1:
Ordinary income from trade or business activities
CLIENT COPY
Total income items 30 42,064.

Part VIII' Loss and Expense Items 1,954.
111.
31 Items of loss and expense from Schedule K-1:
Section 179 expense
Charitable contributions

Total loss and expense items 31 2,065.
Part IX 'Nondeductible Expense Items
32 Nondeductible expenses 1,110.
32 1,110.
Total nondeductible expense items
Cesar Milano
SPSW6301.SCR 09/07/17

Form 1120S Shareholder’s Basis Statement 2017

G Note to Shareholder: Keep for your records

Shareholder’s name Identifying Number

Sandra Cardona 088-82-3126

Corporation’s name Employer ID Number

Clear Tune Monitors, Inc. 20-4304881

Part I ' Election

CLIENT COPYSpecial ordering election under Reg. Section 1.1367-1(g) has been made
Part II ' Stock Basis

1 Beginning of year stock basis 1 600.
2 Capital contributions 2
3 Income items 3 42,065.
4 Add lines 1 through 3 4 42,665.
5 Distributions (not to exceed line 4) 5 35,478.
6 Subtract line 5 from line 4 6 7,187.
7 Loss items (not to exceed line 6) or
7 1,110.
X Nondeductible expenses (not to exceed line 6) 8 6,077.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 2,066.
10 4,011.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 4,011.
11 Loan basis restoration
12 End of year stock basis (subtract line 11 from line 10)

Part III ' Loan Balance

13 Beginning of year loan balance 13 0.
14 Current year loans to corporation 14
15 Loan repayments 15
16 End of year loan balance 16 0.

Part IV ' Loan Basis

17 Beginning of year loan basis 17 0.
18 Loan basis restoration 18 0.
19 Current year loans to corporation 19 0.
20 Add lines 17 through 19 20
21 Loan repayments in full 0.
21 0.
If reduced basis loan, portion allocated to income 22 0.
Note: add above portion of loan repayment allocated to income to appropriate 0.
23 0.
category of income, ordinary income, or long or short term capital gain 24 0.
on shareholder’s return
Portion of loan repayment allocated to loan basis (not to exceed line 20) 25
22 Subtract line 21 from line 20 26
23 Excess loss items (not to exceed line 22) or
X Excess nondeductible expense items (not to exceed line 22)
24 Subtract line 23 from line 22
25 Excess nondeductible expense items (not to exceed line 24) or
X Excess loss items (not to exceed line 24)
26 End of year loan basis (subtract line 25 from line 24)

Part V ' Total Basis

27 Total end of year stock basis and loan basis 27 4,011.

Part VI ' Loss Carryovers 28 0.
29 0.
28 Loss items carried over to next year Page 2
29 Nondeductible expense items carried over to next year
42,065.
Sandra Cardona 088-82-3126

Part VII ' Income Items

30 Items of income from Schedule K-1:
Ordinary income from trade or business activities
CLIENT COPY
Total income items 30 42,065.

Part VIII' Loss and Expense Items 1,955.
111.
31 Items of loss and expense from Schedule K-1:
Section 179 expense
Charitable contributions

Total loss and expense items 31 2,066.
Part IX 'Nondeductible Expense Items
32 Nondeductible expenses 32 1,110.
1,110.
Total nondeductible expense items
Sandra Cardona
SPSW6301.SCR 09/07/17

Form 1120S Two Year Comparison 2017

G Keep for your records

Name Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Ordinary Income (Loss) 2017 2016 Difference
% of % of 2017 - 2016
1 a Gross receipts or sales Total Total
b Less returns Amount %
and allowances Amount Income Amount Income
c Net receipts 688,449. 519,160. 169,289. 32.61

2 Cost of goods sold 51,788. 6,866. 44,922.654.27
(Form 1125-A) 636,661. 512,294. 124,367. 24.28

3 Gross profit 230,247. 177,808.
4 Net gain or loss 406,414. 334,486.
CLIENT COPY 52,439. 29.49
(Form 4797) 71,928. 21.50
5 Other income
6 Total income (loss) 406,414.100.00 334,486.100.00 71,928. 21.50
Deductions 0. 0.00
7 Compensation of 24,000. 5.91 24,000. 7.18
966. 24.76
officers 4,867. 0.00 3,901. 0.00 373. 1.92
8 Salaries & wages (less 19,809. 1.20 19,436. 1.17 -67. -3.35
0.00 0.00 -1,192.-50.42
employment credits) 1,934. 4.87 2,001. 5.81
9 Repairs & maintenance 1,172. 0.48 2,364. 0.60 1. 0.16
10 Bad debts 0.29 0.71 1. 0.16
11 Rents -6,814.-27.94
12 Taxes and licenses 633. 0.16 632. 0.19
13 Interest 46,205. 22.42
14 a Depreciation 633. 0.00 632. 0.00 39,472. 13.96
17,571. 0.16 24,385. 0.19 32,456. 62.81
(Form 4562) 0.00 0.00
b Less Depreciation on 4.32 7.29

Sch A and elsewhere 0.00 0.00
c Net depreciation
15 Depletion (not oil/gas) 0.00 0.00
16 Advertising 252,299. 62.08 206,094. 61.62
17 Pension, profit-sharing, 322,285. 79.30 282,813. 84.55

etc, plans 84,129. 20.70 51,673. 15.45
18 Employee benefit
0.00 0.00 0.
programs 0.00 0.00 0.
19 Other deductions 0.00 0.00 0.
20 Total deductions 0.00 0.00
21 Ordinary income (loss) 0. 0.00 0. 0.00
0.00 0.00
from trade/business 0. 0.00 0. 0.00
Tax 0. 0.00 0. 0.00
22 a Excess net passive

income tax or LIFO
recapture tax
b Tax from Schedule D
Additional taxes
c Total tax
Tax Payments and Credits
23 d Total payments
and credits
24 Estimated tax penalty
25 Tax due
26 Overpayment

Difference

Schedule K Items 2017 2016 2017 - 2016
Income (Loss) 84,129. 51,673.
1 Ordinary business income (loss) Amount %
2 Net rental real estate income (loss)
3 Other net rental income (loss) 32,456. 62.81
4 Interest income
5 a Dividends - ordinary

b Dividends - qualified
6 Royalty income
7 Net short-term capital gain (loss)
8 Net long-term capital gain (loss)
9 Net section 1231 gain (loss)
10 Other income (loss)

Clear Tune Monitors, Inc. 20-4304881 Page 2

Schedule K Items (continued) Difference
Deductions
11 Section 179 expense deduction 2017 2016 2017 - 2016
12 a Charitable contributions
3,909. Amount %
b Interest expense on investment debts 222.
c Section 59(e)(2) expenditures 9,141. -5,232.-57.24
d Other deductions
Credits 1,982. -1,760.-88.80
13 a Low-income housing credit
CLIENT COPY-14. -14. 0. 0.00
(section 42(j)(5))
b Low-income housing credit (other) 2,220. 2,252. -32. -1.42
c Qualified rehabilitation expenditures 70,955. 38,053. 32,902. 86.46

(rental real estate) 0. 0. 0.
d Other rental real estate credits 79,998. 40,550. 39,448. 97.28
e Other rental credits
f Credit for alcohol used as fuel
g Other credits
Foreign Taxes
14 b Gross income from all sources
c Gross inc. sourced at shareholder level

Foreign gross income sourced at
corporate level:
d Passive
e Listed categories
f General limitation
Deductions allocated and apportioned at
shareholder level:
g Interest expense
h Other
Deductions allocated and apportioned at
corp level to fgn source income:
i Passive
j Listed categories
k General limitation
l Foreign taxes paid or accrued
m Reduction in taxes available for credit
Alternative Minimum Tax (AMT) Items
15 a Post-1986 depreciation adjustment
b Adjusted gain or loss
c Depletion (other than oil and gas)
d Oil, gas, and geothermal properties -
gross income
e Oil, gas, and geothermal properties -
deductions
f Other AMT items
Items Affecting Shareholder Basis
16 a Tax-exempt interest income
b Other tax-exempt income
c Nondeductible expenses
d Property distributions
e Repayment of loans from shareholders
Other Information
17 a Investment income
b Investment expenses
c Dividend distributions paid from E & P
Income (loss)

SPSW4912.SCR 01/24/18

IRS e-file Authentication Statement 2017

G Keep for your records

Name(s) Shown on Return Employer ID No.

Clear Tune Monitors, Inc. 20-4304881

A ' Practitioner PIN Authorization

QuickZoom to the Federal Information Worksheet to enter PIN information O
CLIENT COPY
Please indicate how the taxpayer(s) PIN(s) are entered into the program. X
Officer entered PIN
ERO entered Officer’s PIN

B ' Signature of Electronic Return Originator

ERO Declaration:
I declare that the information contained in this electronic tax return is the information furnished to me by the
corporation. If the corporation furnished me a completed tax return, I declare that the information contained
in this electronic tax return is identical to that contained in the return provided by the corporation. If the
furnished return was signed by a paid preparer, I declare I have entered the paid preparer’s identifying
information in the appropriate portion of this electronic return. If I am the paid preparer, under the penalties
of perjury, I declare that I have examined this electronic return, and to the best of my knowledge and belief,
it is true, correct, and complete. This declaration is based on all information of which I have any knowledge.

I am signing this Tax Return by entering my PIN below.

ERO’s PIN (EFIN followed by any 5 numbers) EFIN501027 Self-Select PIN 13008

C ' Signature of Officer

Perjury Statement:
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 2017 electronic income tax return and accompanying schedules and statements
and to the best of my knowledge and belief, it is true, correct, and complete.

Consent to Disclosure:
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 acknowledgment of receipt or reason
for rejection of the transmission, (b) an indication of any refund offset, (c) the reason for any delay in
processing the return or refund, and (d) the date of any refund.

Electronic Funds Withdrawal Consent (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 institution
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 am signing this Tax Return and Electronic Funds Withdrawal Consent, if applicable, by entering my
self-selected PIN below.

Officer’s PIN 18840
Date 05/07/2018

cpcv0701.SCR 04/30/15

Electronic Filing Information Worksheet 2017

G Keep for your records

Name(s) shown on return Identifying number

Clear Tune Monitors, Inc. 20-4304881

Part I ' State Electronic Filing:

Check this box to force state only filing for all states selected to be filed electronically
Part II ' Electronic Return Originator Information
The ERO Information below will automatically calculate based on the preparer code entered on the return.
CLIENT COPY
For returns that are prepared as a "Non-Paid Preparer" (XNP) or "Self-Prepared" (XSP) 501027
enter the EFIN for the ERO that is responsible for this return

For returns that are marked as a "Non-Paid Preparer" (XNP) or "Self-Prepared" (XSP)

enter a PIN for the ERO that is responsible for filing return

ERO Name ERO Electronic Filers Identification Number (EFIN)

TAX CONSULTING, LLC 501027

ERO Address ERO Employer Identification Number

1320 Louisiana Avenue, Suite D 20-1833707

City State ZIP Code ERO Social Security Number or PTIN
FL 34769
Saint Cloud

Country

Part III ' Paid Preparer Information

Firm Name Preparer Social Security Number or PTIN

TAX CONSULTING, LLC P00181450

Preparer Name Employer Identification Number

Joe E. Perez, CPA 20-1833707

Address Phone Number Fax Number

1320 Louisiana Avenue, Suite D (407)873-3158 (407)583-4700

City State ZIP Code

Saint Cloud FL 34769

Country Preparer E-mail Address

Part IV ' Selection of Additional Amended Returns

Enter the payment date to withdraw tax payment
Amount you are paying with the amended return

Check this box to file another federal amended return electronically
File another Amended Form 114 Report of Foreign Bank and Financial Accounts (FBAR) electronically
Check this box to file another state and/or city amended return electronically
* Select the state and/or city amended return(s) to file electronically.

State/City *

California State S Corporation
Georgia State S Corporation
Maryland State S Corporation
Michigan Business Tax
New Jersey State S Corporation
New Jersey State Fiscal S Corporation
New Jersey State Corporation
New Jersey State Fiscal Corporation
New York State S Corporation
New York State Corporation
New York City Corporation
North Carolina State S Corporation
Pennsylvania State S Corporation
See Amended Returns

Part V ' Name Control CLEA

Name Control, enter here to override default

cpcv1701.SCR 10/06/10

Clear Tune Monitors, Inc. 20-4304881 1

Smart Worksheets from your 2017 US Form 1120S: Income Tax Return for S Corp

SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return 24,000.
24,000.
Shareholder-Employee Compensation Smart Worksheet

A Shareholder compensation listed on Form 1125-E
B Shareholder compensation not listed on Form 1125-E - SEE TAX HELP
C Total shareholder-employee compensation
CLIENT COPY
SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return
Taxes and Licenses Smart Worksheet

A State franchise or income taxes

B Local property taxes

C 1 Payroll taxes 1,934.

2 Less: Credit from Form 8846

D Other miscellaneous taxes

E Licenses

F Built-In Gains tax allocated to ordinary income ' SEE TAX HELP

Click here O Enter amount from tax allocation wks here

SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return O
O
Depreciation Smart Worksheet O

A To enter assets, QuickZoom to Asset Entry Worksheet 633.
B To view a calculated report of all depreciation information,

QuickZoom to Depreciation Reports
C QuickZoom to Form 4562

Total Depreciation
Depreciation claimed on Form 1125-A and elsewhere on return

SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return 2,220.
Nondeductible Expenses Smart Worksheet

A Nondeductible meals and entertainment

(Caution: If you use the Schedule M-1 Items Worksheet, enter
any other nondeductible expenses there, Not below.)

B Other nondeductible expenses:

Clear Tune Monitors, Inc. 20-4304881 2

SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return 70,955.

Shareholder Distributions and Dividends Smart Worksheet

A Enter total cash and property (fair market value) distributed
to shareholders

CLIENT COPYSMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return

Schedule M-1 Smart Worksheet

To use optional M-1 items worksheet, QuickZoom here O

Program will complete Schedule M-1, lines 2 through 8, from entries on M-1 items worksheet.

Computed Net Income (Loss) per books

A Income (loss) per return from Schedule K, line 18 79,998.

B Income item tax/book differences from M-1 items worksheet -2,220.
-2,220.
C Expense item tax/book differences from M-1 items worksheet 77,778.

D Net tax/book differences (combine lines B and C) X No

E Computed net income (loss) per books (combine lines A and D)

F Use amount on line E for Schedule M-1, line 1? Yes

SMART WORKSHEET FOR: Form 1120S: S-Corporation Tax Return 0.
0.
Schedule M-2 Smart Worksheet
O
Prior C corporations only:
Enter beginning of tax year account balances: 0.
A Retained earnings while a C corporation
B Earnings and profits account (E&P) O
C Check to make election to distribute E&P before AAA
QuickZoom to election statement
All corporations:
Enter beginning of tax year balance:
D Accumulated tax/book timing differences account (if any)
QuickZoom to Schedule M-2/Retained Earnings Worksheet

SMART WORKSHEET FOR: Form 7004: Application for Automatic Extension of Time To File Certain Business Income tax, Information, and Other Returns
Filing Address Smart Worksheet

Minimum information needed to determine filing address:

Enter two letter state abbreviation for location of principal business, office, or agency FL

If this return is for a Corporation, an S Corporation, or a Partnership then, are total assets at

the end of the tax year $10 million or more? (If Fiduciary, answer ’No’) Yes X No

Send Form 7004 to: Filed electronically - do not mail

Cincinnati, OH 45999-0045

Clear Tune Monitors, Inc. 20-4304881 3

SMART WORKSHEET FOR: S Corporation Information Worksheet

2017 Tax Cuts & Jobs Act
Apply 39-year recovery period to qualified retail improvement, qualified restaurant,

and qualified leasehold improvement property (asset types J2, J3 and J4)
placed in service after December 31, 2017?
Yes No N/A X

(Applies only to fiscal year taxpayers with tax year ending after December 31, 2017)
Refer to Tax Help
CLIENT COPY
SMART WORKSHEET FOR: Schedule M-1 Items Worksheet X

Schedule M-1 Display Options Smart Worksheet
Display book and tax return amounts on Schedule M-1
Display only difference amounts on Schedule M-1

SMART WORKSHEET FOR: Schedule M-1 Items Worksheet

Book Depreciation and Amortization Options Smart Worksheet

Are depreciation and amortization for book purposes the same

as depreciation and amortization for tax purposes? Yes X No

If No, enter book amounts below g

SMART WORKSHEET FOR: Schedule M-1 Items Worksheet

Computed Net Income (Loss) Per Books Smart Worksheet

A Income(loss) per return (Schedule K, line 18) 79,998.

B Income item tax/book differences -2,220.
77,778.
C Expense item tax/book differences -2,220.

D Net tax/book differences (combine lines B and C)

E Computed net income (loss) per books (combine lines A and D)

SMART WORKSHEET FOR: Schedule M-2 / Retained Earnings Wks
Schedule M-2/Retained Earnings Memo Smart Worksheet

E&P memo information: 0.
A Dividends paid out of E&P 0.
B Ending balance in Earnings and Profits account
702.
Retained Earnings memo information: 77,777.
C Beginning balance in Retained Earnings from Schedule L, Line 24, column b 70,955.
D Plus Net Income (Loss)
E Less Dividends and Distributions 7,524.
F Ending balance in Retained Earnings to Schedule L, Line 24, column d
G Distributions in excess of Retained Earnings 0.

Clear Tune Monitors, Inc. 20-4304881 1

Additional information from your 2017 US Form 1120S: Income Tax Return for S Corp

Form 1120S: S-Corporation Tax Return Continuation Statement
Other Deductions
Amount
Description
Automobile and truck expense CLIENT COPY 11,868.
Bank charges 1,047.
Cleaning 842.
Commissions 1,677.
Dues and subscriptions 150.
Insurance 1,339.
Legal and professional 9,675.
Meals and entertainment (50%) 2,221.
Miscellaneous 1,094.
Office expense
Outside services 16,306.
Parking fees and tolls 106,275.
Postage
Printing 285.
Security 14,401.
Supplies
Telephone 3,195.
Travel 720.
Uniforms
Utilities 1,047.
Merchant account fees 5,017.
Credit card fees 34,038.
Website and marketing
912.
Form 1120S: S-Corporation Tax Return 3,826.
Sch L, 13a(c) 6,438.
2,093.
Description 27,833.
Organizational Costs
Total 252,299.
Form 1120S: S-Corporation Tax Return
M-2 Line 5, Other Reductions Total Itemization Statement

Description Amount
Charitable contributions 500.
Section 179 expense 500.
Meals and entertainment
Continuation Statement

AAA Amount OAA Amount

222.
3,909.
2,220.

Total 6,351.

Clear Tune Monitors, Inc. 20-4304881 2

Shareholders' Basis Report Continuation Statement
Stock and Loan Basis

Shareholder Cesar Milano ID No. 770-50-4557
BasisCLIENT COPY
Type Beginning Increases Decreases Distributions Ending
Balance Balance
Stock
Loan 602. 42,064. 3,175. 35,477. 4,014.
Total
Shareholder 0. 0.

Basis 602. 42,064. 3,175. 35,477. 4,014.
Type
Stock Sandra Cardona ID No. 088-82-3126
Loan
Total Beginning Increases Decreases Distributions Ending
Balance Balance

600. 42,065. 3,176. 35,478. 4,011.

0. 0.

600. 42,065. 3,176. 35,478. 4,011.

Electronic Filing Information Worksheet Continuation Statement
Amended Returns

Tennessee State Corporation
Vermont State S Corporation
Virginia State S Corporation
West Virginia State S Corporation
Wisconsin Non-Combined Corporation
Wisconsin State S Corporation

May 9, 2018

Cesar Milano
1933 Island Walk Drive
Orlando, FL 32824

Dear Cesar Milano,

Enclosed is your 2017 Schedule K-1 (Form 1120S), Shareholder's Share of Income, Credits,
Deductions, etc., which has been filed with the 2017 Form 1120S U.S. Income Tax Return for an
S Corporation for Clear Tune Monitors, Inc..

The amounts reported to you on lines 1-17 of the Schedule K-1 (Form 1120S), Shareholder's
Share of Income, Credits, Deductions, etc., represent your share of income, credits, deductions,
and other information to be reported on the appropriate lines of your tax return. The IRS uses
codes on some lines of the Schedule K-1 to identify the item and provide reporting information.
These codes are identified on page 2 of the K-1.

Should you have any questions regarding this information, please do not hesitate to call.

Sincerely,

Clear Tune Monitors, Inc.
1933 Island Walk Drive
Orlando, FL 32824

May 9, 2018

Sandra Cardona
1933 Island Walk Drive
Orlando, FL 32824

Dear Sandra Cardona,

Enclosed is your 2017 Schedule K-1 (Form 1120S), Shareholder's Share of Income, Credits,
Deductions, etc., which has been filed with the 2017 Form 1120S U.S. Income Tax Return for an
S Corporation for Clear Tune Monitors, Inc..

The amounts reported to you on lines 1-17 of the Schedule K-1 (Form 1120S), Shareholder's
Share of Income, Credits, Deductions, etc., represent your share of income, credits, deductions,
and other information to be reported on the appropriate lines of your tax return. The IRS uses
codes on some lines of the Schedule K-1 to identify the item and provide reporting information.
These codes are identified on page 2 of the K-1.

Should you have any questions regarding this information, please do not hesitate to call.

Sincerely,

Clear Tune Monitors, Inc.
1933 Island Walk Drive
Orlando, FL 32824

Tax Consulting, LLC
3006 Whimsical Lane
Kissimmee, FL 34744

(407) 873-3158
[email protected]

May 15, 2019

Clear Tune Monitors, Inc.
1933 Island Walk Drive
Orlando, FL 32824

Dear Client,

We have prepared and enclosed your 2018 Form 1120S, U.S. Income Tax Return for an S
Corporation for Clear Tune Monitors, Inc. for the tax year ending December 31, 2018.
We prepared your returns based on the information you provided us. Please review the
returns carefully to ensure that there are no omissions or misstatements of material facts.
Your 2018 Form 1120S, U.S. Income Tax Return for an S Corporation for Clear Tune
Monitors, Inc. will be electronically filed.

No payment is due with this return.
We appreciate this opportunity to serve you. If you have any questions, please contact
us.

Sincerely,

Joe E. Perez, CPA

Form 1120S U.S. Income Tax Return for an S Corporation OMB No. 1545-0123

Department of the Treasury Do not file this form unless the corporation has filed or is 2018
Internal Revenue Service attaching Form 2553 to elect to be an S corporation.

Go to www.irs.gov/Form1120S for instructions and the latest information.

For calendar year 2018 or tax year beginning , 2018, ending , 20

A S election effective date Name D Employer identification number

02/03/2006 TYPE Clear Tune Monitors, Inc. 20-4304881
OR
B Business activity code PRINT Number, street, and room or suite no. If a P.O. box, see instructions. E Date incorporated
number (see instructions)
1933 Island Walk Drive 02/03/2006
238300
City or town, state or province, country, and ZIP or foreign postal code F Total assets (see instructions)
C Check if Sch. M-3 attached
Orlando FL 32824 $ 60,283.

G Is the corporation electing to be an S corporation beginning with this tax year? YesCLIENT COPY 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 . . . . . . . . . 2

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 570,646.
b Returns and allowances . . . . . . . . . . . . . . 1b 49,763.

Income c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . 1c 520,883.
2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . 2 129,048.
3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . 3 391,835.
4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . 4

5 Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . 5 391,835.
6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . 6

Deductions (see instructions for limitations) 7 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . 7 24,000.
8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . 8

9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . 9 8,954.

10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 19,659.
12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . 12 2,084.

13 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 13 5,953.

14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . 14 632.
15 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . 15

16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 26,089.
17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . 17

18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . 18 246,215.
19 333,586.
19 Other deductions (attach statement) .Se.e .St.at.em.en.t . . . . . . . . . . . . 20
21 58,249.
20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . .
21 Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . .

22a Excess net passive income or LIFO recapture tax (see instructions) . 22a

b Tax from Schedule D (Form 1120S) . . . . . . . . . . . 22b

Tax and Payments c Add lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . . 22c

23a 2018 estimated tax payments and 2017 overpayment credited to 2018 23a

b Tax deposited with Form 7004 . . . . . . . . . . . . 23b

c Credit for federal tax paid on fuels (attach Form 4136) . . . . . 23c

d Refundable credit from Form 8827, line 8c . . . . . . . . 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 2019 estimated tax Refunded 27
Sign
Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,
correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

May the IRS discuss this return

President with the preparer shown below
(see instructions)? Yes No
Signature of officer Date Title

Paid Print/Type preparer’s name Preparer’s signature Date Check if PTIN
Preparer
Use Only Joe E. Perez, CPA Joe E. Perez, CPA 05/15/2019 self-employed P00181450

Firm’s name Tax Consulting, LLC Firm’s EIN 20-1833707

Firm’s address 3006 Whimsical Lane Kissimmee FL 34744 Phone no. (407)873-3158
REV 02/22/19 PRO Form 1120S (2018)
For Paperwork Reduction Act Notice, see separate instructions. BAA