CTM Business Plan

Form 1120S (2018) 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 (iii) Country of (iv) Percentage of (v) If Percentage in (iv) is 100%, Enter
Number (if any) Incorporation Stock Owned the 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 (iii) Type of Entity (iv) Country of (v) Maximum Percentage Owned in
Number (if any) Organization Profit, Loss, or Capital

5a 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 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . .

10 Does the corporation satisfy one of the following conditions and the corporation doesn’t own a pass-through entity with
current year, or prior year carryover, excess business interest expense? See instructions . . . . . . . . . .

a The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year don’t exceed $25 million, and the corporation isn’t a tax shelter; or

b The corporation only has business interest expense from (1) an electing real property trade or business, (2) an electing
farming business, or (3) certain utility businesses under section 163(j)(7).

If “No,” complete and attach Form 8990.

11 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.

Form 1120S (2018)

REV 02/22/19 PRO

Form 1120S (2018) Page 3

Schedule B Other Information (see instructions) (continued) Yes No

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

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

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

14a Did the corporation make any payments in 2018 that would require it to file Form(s) 1099? . . . . . . . . . .

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

15 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . . . .

If “Yes,” enter the amount from Form 8996, line 13 . . . . . . . $ Total amount

Schedule K Shareholders’ Pro Rata Share Items

1 Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . .CLIENT COPY 1 58,249.
2 100.
2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . .
3c Form 1120S (2018)
3a Other gross rental income (loss) . . . . . . . . . . 3a 4
5a
b Expenses from other rental activities (attach statement) . . 3b
6
c Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . 7
8a
Income (Loss) 4 Interest income . . . . . . . . . . . . . . . . . . . . . . . .
9
5 Dividends: a Ordinary dividends . . . . . . . . . . . . . . . . . . . 10
11
b Qualified dividends . . . . . . . . . . 5b 12a
12b
6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . 12c(2)
12d
7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . 13a
13b
8a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . 13c
13d
b Collectibles (28%) gain (loss) . . . . . . . . . . . 8b 13e
13f
c Unrecaptured section 1250 gain (attach statement) . . . . 8c 13g

9 Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . 14b
14c
10 Other income (loss) (see instructions) . . Type
14d
Deductions 11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . 14e
14f
12a Charitable contributions . . . . . C.as.h .co.nt.ri.bu.ti.on.s .(6.0%.) . . . . 14g
14h
b Investment interest expense . . . . . . . . . . . . . . . . . . . .
14i
c Section 59(e)(2) expenditures (1) Type (2) Amount 14j

d Other deductions (see instructions) . . . Type 14k
14l
13a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . 14m
14n
b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . 14o

Credits c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . 14p
14q
d Other rental real estate credits (see instructions) Type

e Other rental credits (see instructions) . . . Type

f Biofuel producer credit (attach Form 6478) . . . . . . . . . . . . . . .

g Other credits (see instructions) . . . . . Type

14a Name of country or U.S. possession

b Gross income from all sources . . . . . . . . . . . . . . . . . . .

c Gross income sourced at shareholder level . . . . . . . . . . . . . . .

Foreign gross income sourced at corporate level

d Section 951A category . . . . . . . . . . . . . . . . . . . . . .

e Foreign branch category . . . . . . . . . . . . . . . . . . . . .

f Passive category . . . . . . . . . . . . . . . . . . . . . . .

Foreign Transactions g General category . . . . . . . . . . . . . . . . . . . . . . .

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

Deductions allocated and apportioned at shareholder level

i Interest expense . . . . . . . . . . . . . . . . . . . . . . . .

j Other . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at corporate level to foreign source income

k Section 951A category . . . . . . . . . . . . . . . . . . . . . .

l Foreign branch category . . . . . . . . . . . . . . . . . . . . .

m Passive category . . . . . . . . . . . . . . . . . . . . . . .

n General category . . . . . . . . . . . . . . . . . . . . . . .

o Other (attach statement) . . . . . . . . . . . . . . . . . . . . .

Other information

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

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

r Other foreign tax information (attach statement)

REV 02/22/19 PRO

Form 1120S (2018)Alternative . Page 4
Minimum Tax .
Schedule K Shareholders’ Pro Rata Share Items (continued)(AMT) Items . Total amount
.
15a Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . .Items Affecting . 15a -14.
b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . .Shareholder .
c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . .Basis . 15b
d Oil, gas, and geothermal properties—gross income . . . . . . . . . . . . . 15c
e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . . . . 15d
f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . 15e
. 15f
16a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . 16a
b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . 16b
c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . .
d Distributions (attach statement if required) (see instructions) . . . . . . . . . 16c 1,853.
e Repayment of loans from shareholders . . . . . . . . . . . . . . . . 16d 54,658.

17a Investment income . . . . . . . . . . . . . . . . . . . . . . 16e
b Investment expenses . . . . . . . . . . . . . . . . . . . . . 17a
c Dividend distributions paid from accumulated earnings and profits . . . . . . . 17b

d Other items and amounts (attach statement) See Sch K, Line 17d(I) Stmt 17c 0.
Other COPY
Information

Recon- 18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right
ciliation
Schedule L column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14p 18 58,149.

Balance Sheets per Books Beginning of tax year End of tax year

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

1 Cash . . . . . . . . . . . . . . 14,795. 53,115.

2a Trade notes and accounts receivable . . . .

b Less allowance for bad debts . . . . . . . ( ) ()

3 Inventories . . . . . . . . . . . . 1,294. 673.

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

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

6 Other current assets (attach statement)L. n . 6 . St. 601. 601.

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

8 Mortgage and real estate loans . . . . . .
CLIENT
9 Other investments (attach statement) . . . .

10a Buildings and other depreciable assets . . . . 65,207. 65,203.

b Less accumulated depreciation . . . . . . ( 58,678. ) 6,529. ( 59,309. ) 5,894.

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

b Less accumulated depletion . . . . . . . ( ) ()

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

13a Intangible assets (amortizable only) . . . . . 500. 500.

b Less accumulated amortization . . . . . . ( 500. ) 0. ( 500.) 0.

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

15 Total assets . . . . . . . . . . . . 34,244. 60,283.

Liabilities and Shareholders’ Equity

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

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

18 Other current liabilities (attach statement)Ln. 18. St 16,882. 31,283.

19 Loans from shareholders . . . . . . .

20 Mortgages, notes, bonds payable in 1 year or more 9,338. 19,338.

21 Other liabilities (attach statement) . . . .

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

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

24 Retained earnings . . . . . . . . . 7,524. 9,162.

25 Adjustments to shareholders’ equity (attach statement)

26 Less cost of treasury stock . . . . . . () ()

27 Total liabilities and shareholders’ equity . . 34,244. 60,283.
Form 1120S (2018)
REV 02/22/19 PRO

Form 1120S (2018) 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 . . . . . 56,296. 5 Income recorded on books this year
not included on Schedule K, lines 1
2 Income included on Schedule K, lines 1, 2, through 10 (itemize):
3c, 4, 5a, 6, 7, 8a, 9, and 10, not recorded
on books this year (itemize) a Tax-exempt interest $

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

a Depreciation $ a Depreciation $
CLIENT COPY
b Travel and entertainment $ 1,853. 7 Add lines 5 and 6 . . . . . . .

1,853. 8 Income (loss) (Schedule K, line 18). Line

4 Add lines 1 through 3 . . . . . . . 58,149. 4 less line 7 . . . . . . . . 58,149.

Schedule M-2 Analysis of Accumulated Adjustments Account, Shareholders’ Undistributed Taxable Income

Previously Taxed, Accumulated Earnings and Profits, and Other Adjustments Account

(see instructions)

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

1 Balance at beginning of tax year . . . . . . 7,525. 0. 0.
2 Ordinary income from page 1, line 21 . . . . 58,249.
3 Other additions . . . . . . . . . . . 0. ()
4 Loss from page 1, line 21 . . . . . . . . ( ) 0.
0. 0.
5 Other reductions S. ee. M. -2. L.in.e .5 .Stm. t . . ( 1,953. ) 0. 0.
63,821.
6 Combine lines 1 through 5 . . . . . . . . 54,658. 0. 0.
7 Distributions . . . . . . . . . . . . Form 1120S (2018)
9,163.
8 Balance at end of tax year. Subtract line 7 from
line 6 . . . . . . . . . . . . . . REV 02/22/19 PRO

Form 1125-A Cost of Goods Sold OMB No. 1545-0123
Employer identification number
(Rev. November 2018) Attach to Form 1120, 1120-C, 1120-F, 1120S, or 1065.
Department of the Treasury Go to www.irs.gov/Form1125A for the latest information.
Internal Revenue Service
Name

Clear Tune Monitors, Inc. 20-4304881
1 1,294
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . 2 128,427
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 . . . . . . . . . . . . . . . . . . . . . . . 6 129,721
7 673
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 . . . . . . . . . . . . . . . 8 129,048

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 merchandise is an income-producing Small business taxpayer. A small
Revenue Code unless otherwise noted. factor. See Regulations section 1.471-1. If business taxpayer is a taxpayer that (a) has
inventories are required, you generally average annual gross receipts of $25
What's New must use an accrual method of accounting million or less (indexed for inflation) for the
for sales and purchases of inventory items. 3 prior tax years, and (b) is not a tax shelter
Small business taxpayers. For tax years Exception for certain taxpayers. A small (as defined in section 448(d)(3)). See Pub.
beginning after December 31, 2017, the business taxpayer (defined below), can 538.
following apply. adopt or change its accounting method to Uniform capitalization rules. The uniform
• A small business taxpayer (defined account for inventories in the same manner capitalization rules of section 263A
below), may use a method of accounting for as material and supplies that are non- generally require you to capitalize, or
inventories that either: (1) treats inventories incidental, or conform to its treatment of include in inventory, certain costs incurred
as nonincidental materials and supplies, or inventories in an applicable financial in connection with the following.
(2) conforms to the taxpayer's financial statement (as defined in section 451(b)(3)), • The production of real property and
accounting treatment of inventories. or if it does not have an applicable financial tangible personal property held in inventory
• A small business taxpayer is not required statement, the method of accounting used or held for sale in the ordinary course of
to capitalize costs under section 263A. in its books and records prepared in business.
accordance with its accounting • Real property or personal property
General Instructions procedures. See section 471(c)(3). (tangible and intangible) acquired for resale.
• The production of real property and
Purpose of Form A small business taxpayer claiming tangible personal property for use in its
exemption from the requirement to keep trade or business or in an activity engaged
Use Form 1125-A to calculate and deduct inventories is changing its method of in for profit.
cost of goods sold for certain entities. accounting for purposes of section 481.
For additional guidance on this method of A small business taxpayer (defined
Who Must File accounting, see Pub. 538, Accounting above) is not required to capitalize costs
Periods and Methods. For guidance on under section 263A. See section 263A(i).
Filers of Form 1120, 1120-C, 1120-F, changing to this method of accounting, see
1120S, or 1065, must complete and attach Form 3115 and the Instructions for Form See the discussion on section 263A
Form 1125-A if the applicable entity reports 3115. uniform capitalization rules in the
a deduction for cost of goods sold. instructions for your tax return before
completing Form 1125-A. Also see
Inventories Regulations sections 1.263A-1 through
1.263A-3. See Regulations section
Generally, inventories are required at the 1.263A-4 for rules for property produced in
beginning and end of each tax year if the a farming business.
production, purchase, or sale of

For Paperwork Reduction Act Notice, see instructions. BAA REV 01/26/19 PRO Form 1125-A (Rev. 11-2018)

671117

2018 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2018, 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
29,124.
beginning / / 2018 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

5a Ordinary dividends
For IRS Use OnlyA Corporation’s employer identification number
5b Qualified dividends 14 Foreign transactions
CLIENT COPY20-4304881

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)

Ogden, UT 84201-0013 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 C 926.

A 50. D 27,329.

17 Other information

V 29,124.

W 12,000.

X 29,940.

* 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) 2018

BAA REV 01/26/19 PRO

Schedule K-1 (Form 1120S) 2018 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: O Backup withholding See the Shareholder’s Instructions

Passive loss Report on P Other credits See the Shareholder’s Instructions
See the Shareholder’s Instructions
}14. Foreign transactions
Passive income Schedule E, line 28, column (h) A Name of country or U.S.
possession
Nonpassive loss See the Shareholder’s Instructions
B Gross income from all sources
Nonpassive income Schedule E, line 28, column (k) Form 1116, Part I

2. Net rental real estate income (loss) See the Shareholder’s Instructions C Gross income sourced at

3. Other net rental income (loss) shareholder level

Net income Schedule E, line 28, column (h) }Foreign gross income sourced at corporate level

Net loss See the Shareholder’s Instructions D Section 951A category
CLIENT COPY
4. Interest income Form 1040, line 2b E Foreign branch category

5a. Ordinary dividends Form 1040, line 3b F Passive category Form 1116, Part I

5b. Qualified dividends Form 1040, line 3a G General category

6. Royalties Schedule E, line 4 H Other

7. Net short-term capital gain (loss) Schedule D, line 5 Deductions allocated and apportioned at shareholder level

8a. Net long-term capital gain (loss) Schedule D, line 12 I Interest expense Form 1116, Part I

8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 J Other Form 1116, Part I
(Schedule D instructions)
Deductions allocated and apportioned at corporate level to foreign source
} Form 1116, Part I
8c. Unrecaptured section 1250 gain See the Shareholder’s Instructions income
K Section 951A category
9. Net section 1231 gain (loss) See the Shareholder’s Instructions L Foreign branch category
M Passive category
10. Other income (loss)

Code N General category

A Other portfolio income (loss) See the Shareholder’s Instructions O Other

B Involuntary conversions See the Shareholder’s Instructions Other information

C Sec. 1256 contracts & straddles Form 6781, line 1 P Total foreign taxes paid Form 1116, Part II
}D Mining exploration costs recapture
See Pub. 535 Q Total foreign taxes accrued Form 1116, Part II
E Section 951A income See the Shareholder’s Instructions
R Reduction in taxes available for
F Section 965(a) inclusion
credit Form 1116, line 12
G Subpart F income other than
sections 951A and 965 inclusion S Foreign trading gross receipts Form 8873

T Extraterritorial income exclusion Form 8873

H Other income (loss) U Section 965 information See the Shareholder’s Instructions

}11. Section 179 deduction See the Shareholder’s Instructions V Other foreign transactions See the Shareholder’s Instructions
See the Shareholder’s Instructions }15. Alternative minimum tax (AMT) items
12. Other deductions A Post-1986 depreciation adjustment See the Shareholder’s Instructions
A Cash contributions (60%) B Adjusted gain or loss and the Instructions for Form 6251
B Cash contributions (30%) C Depletion (other than oil & gas)
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%)

F Capital gain property (20%) 16. Items affecting shareholder basis } Form 1040, line 2a
G Contributions (100%) See the Shareholder’s Instructions
Form 4952, line 1 A Tax-exempt interest income
H Investment interest expense Schedule E, line 19 B Other tax-exempt income
I Deductions—royalty income See the Shareholder’s Instructions C Nondeductible expenses
J Section 59(e)(2) expenditures See the Shareholder’s Instructions D Distributions
K Section 965(c) deduction Schedule A, line 16
L Deductions—portfolio (other) E Repayment of loans from

M Preproductive period expenses shareholders

See the Shareholder’s Instructions 17. Other information

N Commercial revitalization deduction A Investment income Form 4952, line 4a

from rental real estate activities See Form 8582 instructions B Investment expenses Form 4952, line 5

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

}P through R Reserved for future use (other than rental real estate) See the Shareholder’s Instructions

S Other deductions See the Shareholder’s Instructions D Basis of energy property See the Shareholder’s Instructions

13. Credits E Recapture of low-income housing

A Low-income housing credit (section credit (section 42(j)(5)) Form 8611, line 8
42(j)(5)) from pre-2008 buildings
F Recapture of low-income housing
B Low-income housing credit (other)
from pre-2008 buildings credit (other) Form 8611, line 8

G Recapture of investment credit See Form 4255

C Low-income housing credit (section See the Shareholder’s H Recapture of other credits See the Shareholder’s Instructions
42(j)(5)) from post-2007 buildings Instructions
I Look-back interest—completed
D Low-income housing credit (other) }long-term contracts
from post-2007 buildings See Form 8697
J Look-back interest—income See Form 8866
E Qualified rehabilitation expenditures forecast method
See the Shareholder’s Instructions
(rental real estate) K Dispositions of property with
section 179 deductions
F Other rental real estate credits
L Recapture of section 179 deduction
}G Other rental credits M through U
H Undistributed capital gains credit Schedule 5 (Form 1040), line 74, box a V Section 199A income
W Section 199A W-2 wages
I Biofuel producer credit X Section 199A unadjusted basis
Y Section 199A REIT dividends
J Work opportunity credit

K Disabled access credit

L Empowerment zone employment credit See the Shareholder’s

M Credit for increasing research Instructions Z Section 199A PTP income

activities AA Excess taxable income

N Credit for employer social security AB Excess business interest income

and Medicare taxes REV 01/26/19 PRO AC Other information

671117

2018 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2018, 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
29,125.
beginning / / 2018 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

5a Ordinary dividends
For IRS Use OnlyA Corporation’s employer identification number
5b Qualified dividends 14 Foreign transactions
CLIENT COPY20-4304881

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)

Ogden, UT 84201-0013 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 C 927.

A 50. D 27,329.

17 Other information

V 29,125.

W 12,000.

X 29,940.

* 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) 2018

BAA REV 01/26/19 PRO

Schedule K-1 (Form 1120S) 2018 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: O Backup withholding See the Shareholder’s Instructions

Passive loss Report on P Other credits See the Shareholder’s Instructions
See the Shareholder’s Instructions
}14. Foreign transactions
Passive income Schedule E, line 28, column (h) A Name of country or U.S.
possession
Nonpassive loss See the Shareholder’s Instructions
B Gross income from all sources
Nonpassive income Schedule E, line 28, column (k) Form 1116, Part I

2. Net rental real estate income (loss) See the Shareholder’s Instructions C Gross income sourced at

3. Other net rental income (loss) shareholder level

Net income Schedule E, line 28, column (h) }Foreign gross income sourced at corporate level

Net loss See the Shareholder’s Instructions D Section 951A category
CLIENT COPY
4. Interest income Form 1040, line 2b E Foreign branch category

5a. Ordinary dividends Form 1040, line 3b F Passive category Form 1116, Part I

5b. Qualified dividends Form 1040, line 3a G General category

6. Royalties Schedule E, line 4 H Other

7. Net short-term capital gain (loss) Schedule D, line 5 Deductions allocated and apportioned at shareholder level

8a. Net long-term capital gain (loss) Schedule D, line 12 I Interest expense Form 1116, Part I

8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 J Other Form 1116, Part I
(Schedule D instructions)
Deductions allocated and apportioned at corporate level to foreign source
} Form 1116, Part I
8c. Unrecaptured section 1250 gain See the Shareholder’s Instructions income
K Section 951A category
9. Net section 1231 gain (loss) See the Shareholder’s Instructions L Foreign branch category
M Passive category
10. Other income (loss)

Code N General category

A Other portfolio income (loss) See the Shareholder’s Instructions O Other

B Involuntary conversions See the Shareholder’s Instructions Other information

C Sec. 1256 contracts & straddles Form 6781, line 1 P Total foreign taxes paid Form 1116, Part II
}D Mining exploration costs recapture
See Pub. 535 Q Total foreign taxes accrued Form 1116, Part II
E Section 951A income See the Shareholder’s Instructions
R Reduction in taxes available for
F Section 965(a) inclusion
credit Form 1116, line 12
G Subpart F income other than
sections 951A and 965 inclusion S Foreign trading gross receipts Form 8873

T Extraterritorial income exclusion Form 8873

H Other income (loss) U Section 965 information See the Shareholder’s Instructions

}11. Section 179 deduction See the Shareholder’s Instructions V Other foreign transactions See the Shareholder’s Instructions
See the Shareholder’s Instructions }15. Alternative minimum tax (AMT) items
12. Other deductions A Post-1986 depreciation adjustment See the Shareholder’s Instructions
A Cash contributions (60%) B Adjusted gain or loss and the Instructions for Form 6251
B Cash contributions (30%) C Depletion (other than oil & gas)
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%)

F Capital gain property (20%) 16. Items affecting shareholder basis } Form 1040, line 2a
G Contributions (100%) See the Shareholder’s Instructions
Form 4952, line 1 A Tax-exempt interest income
H Investment interest expense Schedule E, line 19 B Other tax-exempt income
I Deductions—royalty income See the Shareholder’s Instructions C Nondeductible expenses
J Section 59(e)(2) expenditures See the Shareholder’s Instructions D Distributions
K Section 965(c) deduction Schedule A, line 16
L Deductions—portfolio (other) E Repayment of loans from

M Preproductive period expenses shareholders

See the Shareholder’s Instructions 17. Other information

N Commercial revitalization deduction A Investment income Form 4952, line 4a

from rental real estate activities See Form 8582 instructions B Investment expenses Form 4952, line 5

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

}P through R Reserved for future use (other than rental real estate) See the Shareholder’s Instructions

S Other deductions See the Shareholder’s Instructions D Basis of energy property See the Shareholder’s Instructions

13. Credits E Recapture of low-income housing

A Low-income housing credit (section credit (section 42(j)(5)) Form 8611, line 8
42(j)(5)) from pre-2008 buildings
F Recapture of low-income housing
B Low-income housing credit (other)
from pre-2008 buildings credit (other) Form 8611, line 8

G Recapture of investment credit See Form 4255

C Low-income housing credit (section See the Shareholder’s H Recapture of other credits See the Shareholder’s Instructions
42(j)(5)) from post-2007 buildings Instructions
I Look-back interest—completed
D Low-income housing credit (other) }long-term contracts
from post-2007 buildings See Form 8697
J Look-back interest—income See Form 8866
E Qualified rehabilitation expenditures forecast method
See the Shareholder’s Instructions
(rental real estate) K Dispositions of property with
section 179 deductions
F Other rental real estate credits
L Recapture of section 179 deduction
}G Other rental credits M through U
H Undistributed capital gains credit Schedule 5 (Form 1040), line 74, box a V Section 199A income
W Section 199A W-2 wages
I Biofuel producer credit X Section 199A unadjusted basis
Y Section 199A REIT dividends
J Work opportunity credit

K Disabled access credit

L Empowerment zone employment credit See the Shareholder’s

M Credit for increasing research Instructions Z Section 199A PTP income

activities AA Excess taxable income

N Credit for employer social security AB Excess business interest income

and Medicare taxes REV 01/26/19 PRO AC Other information

Form 1120S Schedule K-1 - 199A Supplement (Line 17) 2018

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Shareholder Name ID Number

Cesar Milano 770-50-4557

Shareholders’s Share of Section 199A Information

ActivityCLIENT COPYQBI Wages UBIA REIT Div PTP Inc SS
1120S Line 21 Code V Code W Code X Code Y Code Z TB
29,124. 12,000. 29,940.

Totals 29,124. 12,000. 29,940. 0. 0.

Note: Section 179 deductions are included in QBI

spsw9908.SCR 12/05/18

Form 1120S Schedule K-1 - 199A Supplement (Line 17) 2018

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Shareholder Name ID Number

Sandra Cardona 088-82-3126

Shareholders’s Share of Section 199A Information

ActivityCLIENT COPYQBI Wages UBIA REIT Div PTP Inc SS
1120S Line 21 Code V Code W Code X Code Y Code Z TB
29,125. 12,000. 29,940.

Totals 29,125. 12,000. 29,940. 0. 0.

Note: Section 179 deductions are included in QBI

spsw9908.SCR 12/05/18

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 01/26/19 PRO Form 1125-E (Rev. 10-2016)

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.) 2018

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

Internal Revenue Service For calendar year 2018, or tax year beginning , 2018, 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) . . . . . . . . . 1 520,883.
2 Gross profit (Form 1120S, line 3) . . . . . . . . . . . . . . . . . . . . . . . 2 391,835.
3 Ordinary business income (loss) (Form 1120S, line 21) . . . . . . . . . . . . . . . . 3 58,249.
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 58,149.

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
2018 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 2018 electronically filed income tax return.

As an officer of the corporation, I will enter my PIN as my signature on the corporation’s 2018 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 2018 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 05/15/2019

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 (2018)
BAA
REV 01/26/19 PRO

Form 1120S S Corporation 2018
Five Year Tax History

G Keep for your records

Name Employer Identification Number

Clear Tune Monitors, Inc. 20-4304881

2014 2015 2016 2017 2018

1 Gross receipts 368,373. 408,843. 512,294. 636,661. 520,883.
2 Cost of sales 96,535. 93,555. 177,808. 230,247. 129,048.
3 Gross profit 334,486. 406,414. 391,835.
4 Net 4797 gain (loss) 271,838. 315,288.
5 Other income (loss) 334,486. 406,414. 391,835.
6 Total income (loss) 271,838. 315,288.
CLIENT COPY
7 Salaries 1,009. 1,325. 632. 633. 632.
8 Depreciation 212,175. 271,123. 282,181. 321,652. 332,954.
9 Other deductions -213,184. -272,448. -282,813. -322,285. -333,586.
10 Total deductions
11 Business income 58,654. 42,840. 51,673. 84,129. 58,249.
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 09/25/18

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 2018

Activity: Form 1120S - Line 21

Date Cost Land Bus S
CLIENT C
Asset Description Code In Service (Net of Use %
* Land)

DEPRECIATION

Printer/Fax 02/27/06 350 100.00

Spray Machine 03/01/06 2,988 100.00

Computer System 04/12/06 1,985 100.00

Leasehold Improvements 08/01/11 6,499 100.00

Furniture 01/01/12 420 100.00

Laser Machine 04/18/12 5,998 100.00

Air Compresson/UV Lights 04/18/12 2,794 100.00

Computer System 05/08/13 1,383 100.00

iPad 10/11/13 318 100.00

Mini iPad 12/22/13 320 100.00

Cleaning Machine 03/03/14 1,250 100.00

Apple Computer 03/18/14 1,363 100.00

Office Furniture 05/07/14 498 100.00

Punch Time Machine 05/22/14 201 100.00

Office Sofa 05/26/14 479 100.00

Trailer 05/27/14 700 100.00

Full Color Printer 09/25/14 20,317 100.00 2

Dust Collector Handler 10/29/14 477 100.00

Lab Dust Collector Vacuum 11/02/14 215 100.00

Table 11/09/14 202 100.00

Office Equipment 11/10/14 245 100.00

Monitor 12/01/14 326 100.00

Stand 12/08/14 262 100.00

Office Equipment 01/29/15 499 100.00

Leasehold Improvements 05/20/15 1,074 100.00

Computer 07/20/15 298 100.00

Equipment 12/11/15 324 100.00

Office TV 12/11/15 368 100.00

Apple Computer 04/28/16 580 100.00

Vacuum Cleaner for Lab 06/06/16 5,400 100.00

Shelves 08/12/16 485 100.00

Office Furniture 08/26/16 247 100.00

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

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

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

mortization Report 2018

ar 2018 Page 1 of 2

your records Identifying Number
COP
20-4304881

8

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

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 1,064 167
1,250 0 37
1,363 0 4207.00 200DB/HY 364 267
2,9997.00 200DB/HY 2,598 125
498 0 1,3977.00 200DB/HY 1,210 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 90 0
210 0 05.00 200DB/HY 0 0
1,685 0 07.00 200DB/HY 0 0
534 0 07.00 200DB/HY 0 0
3,578 0 05.00 200DB/HY 0 0
0 07.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0 0
07.00 200DB/HY 0
05.00 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 2018

Activity: Form 1120S - Line 21

Date Cost Land Bus S
CLIENT C
Asset Description Code In Service (Net of Use %
* Land)

Desk/Chair 10/27/17 331 100.00

SUBTOTAL PRIOR YEAR 65,203 0 4

TOTALS 65,203 0 4

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

mortization Report 2018

ar 2018 Page 2 of 2

your records Identifying Number
COP
20-4304881

8

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

331 0 07.00 200DB/HY 00

43,095 4,933 17,175 10,649 632

43,095 4,933 17,175 10,649 632

n Year Planted/Grafted, C = COGS

Form 1120S 199A Summary Worksheet 2018

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Total Amounts By Activity

QBI Wages UBIA REIT Div PTP Inc SS
Code Y Code Z TB
Activity Code V Code W Code X
1120S Line 21
58,249. 24,000. 59,880.

TotalsCLIENT COPY58,249. 24,000. 59,880. 0. 0.

Check box to opt out of including Sec 179 deduction in QBI

spsw9907.SCR 02/12/19

Form 1120S Other Assets 2018
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

Form 1120S Other Liabilities 2018
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 223. 380.
Customer Deposits
14,907. 29,901.
750. 0.
CLIENT COPY
Total to Form 1120S, Schedule L, line 18 16,882. 31,283.
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 09/25/18

Section 1.263(a)-1(f)

GAttach to your income tax return

Name(s) Shown on Return Identification Number
20-4304881
Clear Tune Monitors, Inc.

Tax Year: 2018

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

CLIENT COPYThe taxpayer elects to make the de minimis safe harbor election under the Regulation 1.263(a)-1(f)

Name: Clear Tune Monitors, Inc.
Address: 1933 Island Walk Drive, Orlando FL 32824
Identification Number: 20-4304881

fdiv9801.SCR 09/25/18

S Corporation Information Worksheet 2018

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 COPYForeign 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 Ogden, UT 84201-0013

Part III ' 2018 1120S Corporation Estimated Tax Paid

Amount of 2017 overpayment credited to 2018 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 04/17/18
Second 06/15/18
Third 09/17/18
Fourth 12/17/18

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 2017 return (Form 1120S, pg 1, ln 6) 406,414.

Claiming compensation of officers for 2018 X

Number of officers with compensation for 2018 2

Number of Employee W2s issued for 2018 2

Check the box(es) for returns required to be filed for 2018:

(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 05/15/2019

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 X

Form 114 (FBAR)

State Filings

Information Only: Selection of

CLIENT COPYstate/city return(s) was made

Alabama

Alabama Composite

Arkansas

California

Colorado

Connecticut

Florida Corporation

Georgia

Georgia Corporation

Illinois

Indiana

Iowa

Kansas

Louisiana Corporation

Maine

Maryland

Massachusetts

Michigan

Minnesota

Missouri

Montana

Nebraska

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

Pennsylvania RCT-101

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)?

Bank Information

CLIENT COPYCheck 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 12/12/18

Form 1120S Other Deductions Worksheet 2018
Page 1, Line 19
G Keep for your records

Name Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

CLIENT COPY1 Accounting 1
2 Amortization 2

3 Automobile and truck expense 3 12,869.
4 Bank charges 4 1,019.
5 Cleaning 5 187.
6 Commissions 6 3,627.
7 Computer services and supplies 7
8 Credit and collection costs 8
9 Delivery and freight 9
10 Discounts 10
11 Dues and subscriptions 11 199.
12 Equipment rent 12

13 Gifts 13
14 Insurance 14 1,977.
15 Janitorial 15
16 Laundry and cleaning 16
17 Legal and professional 17 1,800.
18 a Meals, subject to 50% limit 18 a 3,706.
b
b Meals, subject to 80% limit c
c Meals, allowed at 100% d
d Entertainment (nondeductible)
e 1,853.
e Less disallowed 18 f 1,853.
f Meals and entertainment, net 19 268.
19 Miscellaneous 20 17,241.
20 Office expense 21 99,640.
21 Outside services/independent contractors 22 350.
22 Parking fees and tolls 23
23 Permits and fees 24 11,386.
24 Postage 25 4,545.
25 Printing 26 935.
26 Security 27 1,895.
28 3,248.
27 Supplies 29
28 Telephone 30
29 Tools 31 39,066.
30 Training/continuing education 32 157.
31 Travel 33 4,169.
32 Uniforms 34
33 Utilities 35
34 Total farm expenses (Schedule F, Line 33)
35 Other (itemize): 5,933.
33,851.
Merchant account fees
Credit card fees
Website and marketing

36 Total to Form 1120S, page 1, line 19 36 246,215.

spsw9001.SCR 10/25/18

Form 1120S Schedule M-1 Items Worksheet 2018

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 1,853. -1,853.

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 632.
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 1,853. 632. -1,853.

spsw5101.SCR 09/13/18

Schedule M-2 / Retained Earnings Worksheet 2018

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 COPYBalance at beginning of year7525 0 0 0 0 7525
Ordinary income (loss) 58249
Schedule K additions

(Income/Gains):

Schedule K reductions -100
(Losses/Deductions):
Charitable contributions

Income ' Tax exempt
Deductions ' Exempt related

Schedule M-1 additions:

Schedule M-1 reductions: -1853
Meals and entertainment

Net adjustment for year 56296 0 56296
Net income(loss) per books 0 0 0 0 63821
Subtotal 63821 0
AAA without net negative adj. 63821 0 0 0 -54658
-54658 00
Distributions
Dividends 9163 0 0 0 9163
Balance at end of tax year

SPSW5001.SCR 09/25/18

Form 1120S Schedule K Reconciliation 2018

G Keep for your records

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Lines 1 thru 16d

Shareholder -1- -12a- -15a- -16c- -16d-
Ordinary Charit. Deprec. Non-ded. Distrib.
Income Contrib. Adjust. Expenses
CLIENT COPY
Cesar Milano (50.00%) 29,124 50 -7 926 27,329

Sandra Cardona (50.00%) 29,125 50 -7 927 27,329

Total shown on Schedules K-1 58,249 100 -14 1,853 54,658
-14 1,853 54,658
Amount shown on Schedule K 58,249 100

QuickZoom to Additional Schedule K Reconciliation Reports

Form 1120S Schedule K Reconciliation 2018

G Keep for your records Employer Identification No.

Name as Shown on Return 20-4304881

Clear Tune Monitors, Inc.

Line 18

Shareholder -18-
Total
Income
CLIENT COPY
Cesar Milano (50.00%) 29,074
Sandra Cardona (50.00%) 29,075

Total shown on Schedules K-1 58,149

Amount shown on Schedule K 58,149

QuickZoom to Additional Schedule K Reconciliation Reports

Form 1120S Shareholders’ Basis Report 2018

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
LoanCLIENT COPY
Total

Total for All Shareholders

Basis Beginning Increases Decreases Distributions Ending
Type Balance Balance
Stock
Loan 8,025. 58,249. 1,953. 54,658. 9,663.
Total
0. 0.
SPSW4001.SCR 08/01/18
8,025. 58,249. 1,953. 54,658. 9,663.

Form 1120S Shareholder’s Basis Statement 2018

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 4,014.
2 Capital contributions 2
3 Income items 3 29,124.
4 Add lines 1 through 3 4 33,138.
5 Distributions (not to exceed line 4) 5 27,329.
6 Subtract line 5 from line 4 6 5,809.
7 Loss items (not to exceed line 6) or
7 926.
X Nondeductible expenses (not to exceed line 6) 8 4,883.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 50.
10 4,833.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 4,833.
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 4,833.

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
29,124.
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 29,124.
50.
Part VIII' Loss and Expense Items

31 Items of loss and expense from Schedule K-1:
Charitable contributions

Total loss and expense items 31 50.
Part IX 'Nondeductible Expense Items 32
32 Nondeductible expenses 926.
926.
Total nondeductible expense items
Cesar Milano
SPSW6301.SCR 09/25/18

Form 1120S Shareholder’s Basis Statement 2018

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 4,011.
2 Capital contributions 2
3 Income items 3 29,125.
4 Add lines 1 through 3 4 33,136.
5 Distributions (not to exceed line 4) 5 27,329.
6 Subtract line 5 from line 4 6 5,807.
7 Loss items (not to exceed line 6) or
7 927.
X Nondeductible expenses (not to exceed line 6) 8 4,880.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 50.
10 4,830.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 4,830.
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 4,830.

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
29,125.
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 29,125.
50.
Part VIII' Loss and Expense Items

31 Items of loss and expense from Schedule K-1:
Charitable contributions

Total loss and expense items 31 50.
Part IX 'Nondeductible Expense Items
32 Nondeductible expenses 32 927.
927.
Total nondeductible expense items
Sandra Cardona
SPSW6301.SCR 09/25/18

Form 4562 Alternative Minimum Tax

Tax Yea
G Keep for y

Name as Shown on Return

Clear Tune Monitors, Inc.

Activity: Form 1120S - Line 21

Asset Date Cost Land Bus Section
Use % 179
Description Code In (Net of

* Service Land)
CLIENT C
DEPRECIATION

Printer/Fax 02/27/06 350 100.00
100.00
Spray Machine 03/01/06 2,988 100.00

Computer System 04/12/06 1,985 100.00
100.00
Leasehold Improvements 08/01/11 6,499 100.00
100.00
Furniture 01/01/12 420 100.00
100.00
Laser Machine 04/18/12 5,998 100.00
100.00
Air Compresson/UV Lights 04/18/12 2,794 100.00
100.00
Computer System 05/08/13 1,383 100.00 1,38
100.00 31
iPad 10/11/13 318 100.00 32
100.00
Mini iPad 12/22/13 320 100.00 1,25
100.00 1,36
Cleaning Machine 03/03/14 1,250 100.00
49
Apple Computer 03/18/14 1,363 100.00 20
100.00 47
Office Furniture 05/07/14 498 100.00 70
100.00 20,31
Punch Time Machine 05/22/14 201 100.00 47
100.00 21
Office Sofa 05/26/14 479 100.00 20
100.00 24
Trailer 05/27/14 700 100.00 32
100.00 26
Full Color Printer 09/25/14 20,317 100.00 49
100.00
Dust Collector Handler 10/29/14 477 100.00 29
100.00 32
Lab Dust Collector Vacuum 11/02/14 215 100.00 36
100.00 58
Table 11/09/14 202 5,40
48
Office Equipment 11/10/14 245 24
21
Monitor 12/01/14 326 1,68
53
Stand 12/08/14 262 3,57

Office Equipment 01/29/15 499

Leasehold Improvements 05/20/15 1,074

Computer 07/20/15 298

Equipment 12/11/15 324

Office TV 12/11/15 368

Apple Computer 04/28/16 580

Vacuum Cleaner for Lab 06/06/16 5,400

Shelves 08/12/16 485

Office Furniture 08/26/16 247

Lab Lights 08/30/16 210

Desk and Shelf 09/27/16 1,685

TV 12/05/16 534

3D Printer 03/08/17 3,578

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

x Depreciation Report 2018

ar 2018 Page 1 of 2

your records Identifying Number
COP
20-4304881

n Special Depr Method/ Prior Current Adj/
Depr Basis Life Convention Depr Depr Pref

Allowance

3505.00 150DB/HY 350 0 0.
2,9887.00 150DB/HY 2,988 0 0.
1,9855.00 150DB/HY 1,985 0 0.

6,49939.00SL/MM 1,064 167 0.
4207.00 150DB/HY 343 51 -14.

2,999 2,9997.00 200DB/HY 2,598 267 0.
1,397 1,3977.00 200DB/HY 1,210 125 0.
83 0 05.00 200DB/HY
18 0 05.00 200DB/HY 0 0 0.
20 0 05.00 200DB/HY 0 0 0.
50 07.00 150DB/HY 0 0 0.
63 0 05.00 200DB/HY 0 0 0.
98 0 07.00 200DB/HY 0 0 0.
01 0 07.00 200DB/HY 0 0 0.
79 0 07.00 200DB/HY 0 0 0.
00 07.00 150DB/HY 0 0 0.
17 0 05.00 200DB/HY 0 0 0.
77 0 07.00 200DB/HY 0 0 0.
15 0 07.00 200DB/HY 0 0 0.
02 0 07.00 200DB/HY 0 0 0.
0 0 0.
45 0 07.00 200DB/HY
26 0 05.00 200DB/HY 0 0 0.
62 0 07.00 200DB/HY 0 0 0.
99 0 07.00 200DB/HY 0 0 0.
0 0 0.
537 53715.00SL/HY 90 36 0.
98 0 05.00 200DB/HY 0 0 0.
24 0 07.00 200DB/HY 0 0 0.
68 0 07.00 200DB/HY 0 0 0.
80 0 05.00 200DB/HY 0 0 0.
00 0 07.00 200DB/HY 0 0 0.
85 0 07.00 200DB/HY 0 0 0.
47 0 07.00 200DB/HY 0 0 0.
10 0 07.00 200DB/HY 0 0 0.
85 0 07.00 200DB/HY 0 0 0.
34 0 07.00 200DB/HY 0 0 0.
78 0 05.00 200DB/HY 0 0 0.

n Year Planted/Grafted, C = COGS

Form 4562 Alternative Minimum Tax

Tax Yea
G Keep for y

Name as Shown on Return

Clear Tune Monitors, Inc.

Activity: Form 1120S - Line 21

Asset Date Cost Land Bus Section
Use % 179
Description Code In (Net of

* Service Land)
CLIENT C
Desk/Chair 10/27/17 331 100.00 33

SUBTOTAL PRIOR YEAR 65,203 0 43,09

TOTALS 65,203 0 43,09

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

x Depreciation Report 2018

ar 2018 Page 2 of 2

your records Identifying Number
COP
20-4304881

n Special Depr Method/ Prior Current Adj/
Depr Basis Life Convention Depr Depr Pref

Allowance 07.00 200DB/HY 0 0 0.
31 0 17,175 10,628 646 -14.
95 4,933

95 4,933 17,175 10,628 646 -14.

n Year Planted/Grafted, C = COGS

Form 1120S Two Year Comparison 2018

G Keep for your records

Name Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Ordinary Income (Loss) 2018 2017 Difference
% of % of 2018 - 2017
1 a Gross receipts or sales Total Total
b Less returns Amount %
and allowances Amount Income Amount Income
c Net receipts 570,646. 688,449. -117,803.-17.11

2 Cost of goods sold 49,763. 51,788. -2,025. -3.91
(Form 1125-A) 520,883. 636,661. -115,778.-18.19

3 Gross profit 129,048. 230,247.
4 Net gain or loss 391,835. 406,414.
CLIENT COPY -101,199.-43.95
(Form 4797) -14,579. -3.59
5 Other income
6 Total income (loss) 391,835.100.00 406,414.100.00 -14,579. -3.59
Deductions 0. 0.00
7 Compensation of 24,000. 6.13 24,000. 5.91
4,087. 83.97
officers 8,954. 0.00 4,867. 0.00 -150. -0.76
8 Salaries & wages (less 19,659. 2.29 19,809. 1.20 150. 7.76
0.00 0.00
employment credits) 2,084. 5.02 1,934. 4.87 4,781.407.94
9 Repairs & maintenance 5,953. 0.53 1,172. 0.48 -1. -0.16
10 Bad debts 1.52 0.29 -1. -0.16
11 Rents
12 Taxes and licenses 632. 0.16 633. 0.16 8,518. 48.48
13 Interest
14 a Depreciation 632. 0.00 633. 0.00 -6,084. -2.41
26,089. 0.16 17,571. 0.16 11,301. 3.51
(Form 4562) 0.00 0.00 -25,880.-30.76
b Less Depreciation on 6.66 4.32

Sch A and elsewhere 0.00 0.00
c Net depreciation
15 Depletion (not oil/gas) 0.00 0.00
16 Advertising 246,215. 62.84 252,299. 62.08
17 Pension, profit-sharing, 333,586. 85.13 322,285. 79.30

etc, plans 58,249. 14.87 84,129. 20.70
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) 0.00 0. 0.00
0.00 0.00
from trade/business 0. 0.00 0. 0.00
Tax 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 2018 2017 2018 - 2017
Income (Loss) 58,249. 84,129.
1 Ordinary business income (loss) Amount %
2 Net rental real estate income (loss)
3 Other net rental income (loss) -25,880.-30.76
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 2018 2017 2018 - 2017
12 a Charitable contributions 100.
Amount %
b Interest expense on investment debts
c Section 59(e)(2) expenditures 3,909. -3,909.-100.00
d Other deductions
Credits 222. -122.-54.95
13 a Low-income housing credit
CLIENT COPY -14. -14. 0. 0.00
(section 42(j)(5))
b Low-income housing credit (other) 1,853. 2,220. -367.-16.53
c Qualified rehabilitation expenditures 54,658. 70,955. -16,297.-22.97

(rental real estate) 0. 0. 0.
d Other rental real estate credits 58,149. 79,998. -21,849.-27.31
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 09/25/18

S Corporation Elections Summary 2018

G Keep for your records

Name as Shown on Return Employer Identification Number

Clear Tune Monitors, Inc. 20-4304881

gQuickZoom here to access elections

Description of Election

CLIENT COPY Electing S Status 1
1 IRC 1362(a)(2): Shareholders’ Statement of Consent to S Election
2 IRC 1362(a): Request for Extension of Time to Obtain 2

Shareholder’s Consent to an S Election 3
Initial S Corporation Return 4
3 IRC 248(a): Deemed Election to Amortize/Deduct Organizational Expenditures
4 IRC 195(b): Deemed Election to Amortize/Deduct Start-up Expenditures 5
Disposition of Assets 6
5 IRC 1274A(c): Election to Use Cash Method for OID Interest Reporting 7
6 IRC 1033(a)(2)(A): Election to Defer Gain From Involuntary Conversion
7 IRC 165(i): Election to Deduct Disaster Losses in the Previous Tax Year 8
Receipt of Property
8 IRC 83(b): Election to Tax Value of Restricted Property Upon Receipt 9
Deductions 10
9 IRC 266: Election to Capitalize Carrying Charges 11 xx
10 IRC 461(c): Election to Accrue Property Taxes 12
11 Regulation 1.263(a)-1(f): De Minimis Safe Harbor Election 13
12 Regulation 1.263(a)-3(h): Safe Harbor Election for Small Taxpayers
13 Regulation 1.263(a)-3(n): Election to Capitalize Repair and Maintenace costs 14
Depreciation and Cost Recovery 15
14 IRC 168(b)(5): Election to Use AMT Depreciation Method for Regular Tax 16
15 IRC 168(k): Special Depreciation Allowance Election
16 IRC 179(e): Election to treat Qualified Real Property as Section 179 Property 17
Shareholders Basis
17 IRC 1367: Election to Reduce Basis by Items of Loss or Deduction 18
Before Reducing Basis by Nondeductible Expenses
and Certain Oil and Gas Depletion 19

QuickZoom to Basis Computation Information 20
Distributions To Shareholders
18 IRC 1368(e)(3): Election to Bypass AAA 21
19 IRC 1371(e)(2): Election to Treat Distributions as Dividends During 22
the Post Termination Transition Period
Passive Activities 23
20 IRC 469: Election to Aggregate Passive Activities 24
Disposition of Stock
21 IRC 1377(a)(2): Election to Apply Specific Accounting Rules in Connection with 25
the Termination of a Shareholder’s Entire Interest
22 IRC 302(c)(2)(A): Agreement to Notify the IRS of Stock Acquisitions
Termination of S Status
23 IRC 1362(d)(1): Statement of Revocation of S Election
24 IRC 1362(d)(2): Notification of Termination of S Status
Section 199A Rental Real Estate Safe Harbor Statement
25 Claim safe harbor on rental real estate per IRS Notice 2019-07
Other Elections
26 Other Elections Included with Return:

SPSW8201.SCR 02/28/19

IRS e-file Authentication Statement 2018

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 COPYPlease 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 2018 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 05/15/2019

cpcv0701.SCR 04/30/15

199A Worksheet by Activity 2018

G Keep for your records

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Activity 1120S Line 21

Check if activity is NOT a qualified trade/business 1a 58,249.
1 Qualified Business Income b
1c
Adjustments 2a 24,000.
Adjusted Qualified Business Income b
2 a Wages 2c
b Adjustments 3a 59,880.
c Adjusted Wages b
3 a Unadjusted Basis Immediately after Acquisition 3c
b Adjustments Yes
c Adjusted UBIA X No
CLIENT COPY 58,249.
24,000.
59,880.

4 Specified Service Trade or Business?

spsw9906.SCR 03/02/19

Unadjusted Basis Immediately After Acquisition Report

G Keep for your records

Name as Shown on Return Employer Identification No.

Clear Tune Monitors, Inc. 20-4304881

Summary of assets used in calculation of UBIA for Sec 199A

Activity/Asset Date Acq Cost Land Bus % UBIA

CLIENT COPY1120S MAIN ACTIVITY

Spray Machine 03/01/2006 2,988. 100.00
1,985. 100.00
Computer System 04/12/2006 100.00
350. 100.00
Printer/Fax 02/27/2006 6,499. 100.00
100.00
Leasehold Improvements 08/01/2011 420. 100.00 6,499.
5,998. 100.00 420.
Furniture 01/01/2012 2,794. 100.00
1,383. 100.00 5,998.
Laser Machine 04/18/2012 100.00 2,794.
318. 100.00 1,383.
Air Compresson/UV Lights 04/18/2012 320. 100.00
1,250. 100.00 318.
Computer System 05/08/2013 1,363. 100.00 320.
498. 100.00 1,250.
iPad 10/11/2013 201. 100.00 1,363.
479. 100.00 498.
Mini iPad 12/22/2013 700. 100.00 201.
20,317. 100.00 479.
Cleaning Machine 03/03/2014 477. 100.00 700.
215. 100.00 20,317.
Apple Computer 03/18/2014 202. 100.00 477.
245. 100.00 215.
Office Furniture 05/07/2014 326. 100.00 202.
262. 100.00 245.
Punch Time Machine 05/22/2014 499. 100.00 326.
298. 100.00 262.
Office Sofa 05/26/2014 368. 100.00 499.
324. 100.00 298.
Trailer 05/27/2014 1,074. 100.00 368.
485. 100.00 324.
Full Color Printer 09/25/2014 580. 100.00 1,074.
5,400. 100.00 485.
Dust Collector Handler 10/29/2014 247. 100.00 580.
210. 100.00 5,400.
Lab Dust Collector Vacuum 11/02/2014 1,685. 100.00 247.
534. 210.
Table 11/09/2014 3,578. 1,685.
331. 534.
Office Equipment 11/10/2014 3,578.
331.
Monitor 12/01/2014
59,880.
Stand 12/08/2014

Office Equipment 01/29/2015

Computer 07/20/2015

Office TV 12/11/2015

Equipment 12/11/2015

Leasehold Improvements 05/20/2015

Shelves 08/12/2016

Apple Computer 04/28/2016

Vacuum Cleaner for Lab 06/06/2016

Office Furniture 08/26/2016

Lab Lights 08/30/2016

Desk and Shelf 09/27/2016

TV 12/05/2016

3D Printer 03/08/2017

Desk/Chair 10/27/2017

SUBTOTAL:

Total UBIA From All Activities 59,880.

fdww0602.SCR 02/25/19

Electronic Filing Information Worksheet 2018

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 COPYFor 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

3006 Whimsical Lane 20-1833707

City State ZIP Code ERO Social Security Number or PTIN
FL 34744
Kissimmee

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

3006 Whimsical Lane (407)873-3158 (407)530-1935

City State ZIP Code

Kissimmee FL 34744

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 2018 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.
150.
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 632.
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 1,853.
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 54,658.

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 58,149.

B Income item tax/book differences from M-1 items worksheet -1,853.
-1,853.
C Expense item tax/book differences from M-1 items worksheet 56,296.

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: Schedule K-1:Shareholder's Share of Income, Deductions, Credits, etc. (Cesar Milano)
Recipient Letter Address Smart Worksheet

1933 Island Walk Drive
Orlando, FL 32824

Clear Tune Monitors, Inc. 20-4304881 3

SMART WORKSHEET FOR: Schedule K-1:Shareholder's Share of Income, Deductions, Credits, etc. (Sandra Cardona)
Recipient Letter Address Smart Worksheet

1933 Island Walk Drive
Orlando, FL 32824

CLIENT COPYSMART WORKSHEET FOR: Reg. 1.263(a)-1(f) De Minimis Safe Harb. X
Check here to make the De Minimis Safe Harbor Election 1.263(a)-1(f)
QuickZoom to the Individual Elections Summary

SMART WORKSHEET FOR: S Corporation Information Worksheet

2017 Tax Cuts & Jobs Act
Apply 15-year recovery period to qualified improvement property

(asset types J2, J3, J4 and J5)
placed in service after December 31, 2017?

Yes No X
Refer to Tax Help

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) 58,149.

B Income item tax/book differences -1,853.
56,296.
C Expense item tax/book differences -1,853.

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

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