CTM Business Plan

Clear Tune Monitors, Inc. 20-4304881 4

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
7,524.
Retained Earnings memo information: 56,296.
C Beginning balance in Retained Earnings from Schedule L, Line 24, column b 54,658.
D Plus Net Income (Loss)
E Less Dividends and Distributions 9,162.
F Ending balance in Retained Earnings to Schedule L, Line 24, column d
G Distributions in excess of Retained Earnings
CLIENT COPY 0.

Clear Tune Monitors, Inc. 20-4304881 1

Additional information from your 2018 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 12,869.
Bank charges 1,019.
Cleaning 187.
Commissions 3,627.
Dues and subscriptions 199.
Insurance 1,977.
Legal and professional 1,800.
Meals (50%) 1,853.
Miscellaneous 268.
Office expense
Outside services 17,241.
Parking fees and tolls 99,640.
Postage
Printing 350.
Security 11,386.
Supplies
Telephone 4,545.
Travel 935.
Uniforms
Utilities 1,895.
Credit card fees 3,248.
Website and marketing 39,066.

157.
4,169.
5,933.
33,851.

Total 246,215.
Total
Form 1120S: S-Corporation Tax Return Continuation Statement
Sch K, Line 17d(I), Other Items and Amounts

Code Description Amount
V Section 199A income
W Section 199A W-2 wages 58,249.
X Section 199A unadjusted basis 24,000.
59,880.

142,129.

Form 1120S: S-Corporation Tax Return Itemization Statement
Sch L, 13a(c)
Amount
Description 500.
Organizational Costs 500.

Total

Clear Tune Monitors, Inc. 20-4304881 2

Form 1120S: S-Corporation Tax Return Continuation Statement
M-2 Line 5, Other Reductions
AAA Amount OAA Amount
Description 100.
Charitable contributions
Meals and entertainment 1,853.

Total 1,953.

CLIENT COPY

Clear Tune Monitors, Inc. 20-4304881 3

Shareholders' Basis Report Continuation Statement
Stock and Loan Basis

Shareholder Cesar Milano ID No. 770-50-4557
Basis
CLIENT COPYType Beginning Increases Decreases Distributions Ending
Balance Balance
Stock
Loan 4,014. 29,124. 976. 27,329. 4,833.
Total
Shareholder 0. 0.

Basis 4,014. 29,124. 976. 27,329. 4,833.
Type
Stock Sandra Cardona ID No. 088-82-3126
Loan
Total Beginning Increases Decreases Distributions Ending
Balance Balance

4,011. 29,125. 977. 27,329. 4,830.

0. 0.

4,011. 29,125. 977. 27,329. 4,830.

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 15, 2019

Cesar Milano
1933 Island Walk Drive
Orlando, FL 32824

Dear Cesar Milano,

Enclosed is your 2018 Schedule K-1 (Form 1120S), Shareholder's Share of Income, Credits,
Deductions, etc., which has been filed with the 2018 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 15, 2019

Sandra Cardona
1933 Island Walk Drive
Orlando, FL 32824

Dear Sandra Cardona,

Enclosed is your 2018 Schedule K-1 (Form 1120S), Shareholder's Share of Income, Credits,
Deductions, etc., which has been filed with the 2018 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]

June 15, 2020

Clear Tune Monitors, Inc.
5528 Commerce Dr.
Orlando, FL 32839

Dear Client,

We have prepared and enclosed your 2019 Form 1120S, U.S. Income Tax Return for an S
Corporation for Clear Tune Monitors, Inc. for the tax year ending December 31, 2019.
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 2019 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

Tax Consulting, LLC
3006 Whimsical Lane
Kissimmee, FL 34744

June 15, 2020

Clear Tune Monitors, Inc.
5528 Commerce Dr.
Orlando, FL 32839

RE: Our Privacy Policy, Compliance with the Gramm-Leach-Bliley Act, Public Law
106-102 (FTC 16 CFR Part 313)

Dear Client,

The privacy of your client information has always been important to us, and we have
always been bound by professional standards of confidentiality. However, we are
now required by law to formally inform you of our privacy policy.

We collect nonpublic personal information about you that is provided by you or
obtained by us with your authorization. This information may come from various
sources, including information we receive from personal interviews, tax organizers,
worksheets and other documents necessary to provide professional services to you.

We do not disclose any nonpublic personal information about our clients or former
clients to anyone, except as permitted or required by law, or when necessary to
process transactions requested by a client.

We restrict access to nonpublic personal information about you to members of our
firm who need to know that information in order to provide you professional services.
We retain records relating to the professional services that we provide you in
accordance with accounting and government standards.

We employ physical, electronic, and procedural security safeguards to protect your
nonpublic personal information.

Your confidence and trust are important to us. If you have any questions or concerns
regarding the privacy of your nonpublic personal information, please contact us.

Sincerely,

Joe E. Perez, CPA

Form 1120-S 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 2019
Internal Revenue Service is 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 2019 or tax year beginning , 2019, 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)
5528 Commerce Dr. 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 32839 $ 35,475.

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 filedCLIENT COPY

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

J Check if corporation: (1) Aggregated activities for section 465 at-risk purposes (2) Grouped activities for section 469 passive activity purposes

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

1a Gross receipts or sales . . . . . . . . . . . . . . . . 1a 740,498.
b Returns and allowances . . . . . . . . . . . . . . . . 1b 94,419.

Income c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . 1c 646,079.

2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . 2 175,946.

3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . 3 470,133.
4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . . 4

5 Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . . 5 470,133.
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 5,523.

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

11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 20,690.

12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . 12 1,934.

13 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 13 6,373.

14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . . 14 2,983.

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

16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 37,214.

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

18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . 18 299,289.
19
19 Other deductions (attach statement) . S.ee. S.ta.te.me.nt. . . . . . . . . . . . .

20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . . 20 398,006.
21 Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . 21 72,127.

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

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

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

23a 2019 estimated tax payments and 2018 overpayment credited to 2019 . 23a

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

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

d Reserved for future use . . . . . . . . . . . . . . . . 23d

e Add lines 23a through 23d . . . . . . . . . . . . . . . . . . . . . . . 23e 0.

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 0.

26 Overpayment. If line 23e is larger than the total of lines 22c and 24, enter amount overpaid . . . 26
27
27 Enter amount from line 26: Credited to 2020 estimated tax Refunded

Sign 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
Here belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

President May the IRS discuss this return

Signature of officer Date Title with the preparer shown below?

See instructions. Yes No

Paid Print/Type preparer’s name Preparer’s signature Date Check if PTIN

Preparer Joe E. Perez, CPA Joe E. Perez, CPA 06/15/2020 self-employed P00181450
Use Only
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

For Paperwork Reduction Act Notice, see separate instructions. BAA REV 04/21/20 PRO Form 1120-S (2019)

Form 1120-S (2019) 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 (iii) Country of (iv) Percentage of (v) If Percentage in (iv) Is 100%, Enter
Identification Incorporation Stock Owned the Date (if any) a Qualified Subchapter
Number (if any) 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 (iii) Type of Entity (iv) Country of (v) Maximum Percentage Owned
Identification Organization in Profit, Loss, or Capital
Number (if any)

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 or more of the following? See instructions . . . . . . . . . . . . . .
a The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.

b The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $26 million and the corporation has business interest expense.

c The corporation is a tax shelter and the corporation has business interest expense.
If “Yes,” complete and attach Form 8990.

11 Does the corporation satisfy both of the following conditions? . . . . . . . . . . . . . . . . . .
a The corporation’s total receipts (see instructions) for the tax year were less than $250,000.
b The corporation’s total assets at the end of the tax year were less than $250,000.
If “Yes,” the corporation is not required to complete Schedules L and M-1.

Form 1120-S (2019)

REV 04/21/20 PRO

Form 1120-S (2019) 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 2019 that would require it to file Form(s) 1099? . . . . . . . . . .

b If “Yes,” did the corporation file or will it file required Form(s) 1099? . . . . . . . . . . . . . . . . .

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

If “Yes,” enter the amount from Form 8996, line 14 . . . . . . . . . . . . . $ Total amount

Schedule K Shareholders’ Pro Rata Share Items

1 Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . . .CLIENT COPY 1 72,127.

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

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

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

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 . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

12a Charitable contributions . . . . . C.as.h .co.nt.ri.bu.ti.on.s .(6.0%.) . . . . . 12c(2) 603.
12d
b Investment interest expense . . . . . . . . . . . . . . . . . . . . . 13a
13b
c Section 59(e)(2) expenditures (1) Type (2) Amount 13c
13d
d Other deductions (see instructions) . . . . Type 13e
13f
13a Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . . 13g

b Low-income housing credit (other) . . . . . . . . . . . . . . . . . . .

Credits c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . .

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 . . . . . . . . . . . . . . . . . . . . 14b
14c
c Gross income sourced at shareholder level . . . . . . . . . . . . . . . .

Foreign gross income sourced at corporate level

d Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . 14d
14e
e Foreign branch category . . . . . . . . . . . . . . . . . . . . . . 14f
14g
f Passive category . . . . . . . . . . . . . . . . . . . . . . . . 14h

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

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

Deductions allocated and apportioned at shareholder level

i Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . 14i
14j
j Other . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at corporate level to foreign source income

k Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . 14k
14l
l Foreign branch category . . . . . . . . . . . . . . . . . . . . . . 14m
14n
m Passive category . . . . . . . . . . . . . . . . . . . . . . . . 14o

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

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

Other information

p Total foreign taxes (check one): Paid Accrued . . . . . . . . . . . 14p
14q
q Reduction in taxes available for credit (attach statement) . . . . . . . . . . . .

r Other foreign tax information (attach statement)

REV 04/21/20 PRO Form 1120-S (2019)

Form 1120-S (2019)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 -7.
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 2,491.
e Repayment of loans from shareholders . . . . . . . . . . . . . . . . . 16d 77,430.

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) ** SEC 199A INFO: SEE STMT A 17c 0.
Other COPY
Information

Recon- Income (loss) reconciliation. Combine the amounts on lines 1 through 10 in the far right
ciliation
18 column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14p . 18 71,524.

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

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

1 Cash . . . . . . . . . . . . . 53,115. 10,719.

2a Trade notes and accounts receivable . . .

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

3 Inventories . . . . . . . . . . . 673. 908.

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

5 Tax-exempt securities (see instructions) . .

6 Other current assets (attach statement)L. n . 6 . St 601. 192.

7 Loans to shareholders . . . . . . . . 18,180.

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

10a Buildings and other depreciable assets . . . 65,203. 67,768.

b Less accumulated depreciation . . . . . ( 59,309. ) 5,894. ( 62,292. ) 5,476.

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 . . . . . . . . . . . 60,283. 35,475.

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 31,283. 25,839.

19 Loans from shareholders . . . . . . .

20 Mortgages, notes, bonds payable in 1 year or more 19,338. 8,371.

21 Other liabilities (attach statement) . . . .

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

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

24 Retained earnings . . . . . . . . . 9,162. 765.

25 Adjustments to shareholders’ equity (attach statement)

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

27 Total liabilities and shareholders’ equity . . 60,283. 35,475.

REV 04/21/20 PRO Form 1120-S (2019)

Form 1120-S (2019) 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 . . . . 69,033. 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 6 Deductions included on Schedule K,
not included on Schedule K, lines 1 lines 1 through 12 and 14p, not charged
through 12 and 14p (itemize): against book income this year (itemize):

a Depreciation $ a Depreciation $
CLIENT COPY
b Travel and entertainment $ 2,491. 7 Add lines 5 and 6 . . . . . . .

2,491. 8 Income (loss) (Schedule K, line 18).

4 Add lines 1 through 3 . . . . . . 71,524. Subtract line 7 from line 4 . . . . 71,524.

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 . . . . . 9,163. 0. 0. 0.
72,127.
2 Ordinary income from page 1, line 21 . . . 0. ()
) 0.
3 Other additions . . . . . . . . . . 0. 0. 0.
3,094. ) 0. 0.
4 Loss from page 1, line 21 . . . . . . . ( 78,196.
( 77,430. 0. 0.
5 Other reductions S. ee. M. -2. L.in.e .5 .Stm. t . Form 1120-S (2019)
766.
6 Combine lines 1 through 5 . . . . . . .
REV 04/21/20 PRO
7 Distributions . . . . . . . . . . .

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

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
1 673
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . 2 156,640
2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Additional section 263A costs (attach schedule) . . . . . . . . . . . . . . . . 4

5 Other costs (attach schedule) . . . . S. ee. S. ta. te. me. nt. . . . . . . . . . . 5 19,541
6 176,854
6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . 7 908
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . 8 175,946

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 04/21/20 PRO Form 1125-A (Rev. 11-2018)

671119

2019 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2019, or tax year Part III Shareholder’s Share of Current Year Income,
(Form 1120-S) Deductions, Credits, and Other Items

Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
36,063.
beginning / / 2019 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

5528 Commerce Dr. 7 Net short-term capital gain (loss)
Orlando FL 32839

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 -3.

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 1,245.

A 301. D 38,715.

17 Other information

V * STMT

18 More than one activity for at-risk purposes*
19 More than one activity for passive activity purposes*

* See attached statement for additional information.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S. www.irs.gov/Form1120S REV 04/21/20 PRO Schedule K-1 (Form 1120-S) 2019

BAA

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

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

1. Ordinary business income (loss). Determine whether the income (loss) is Code } Report on
passive or nonpassive and enter on your return as follows: See the Shareholder’s Instructions
N Credit for employer social
Report on security and Medicare taxes

Passive loss See the Shareholder’s Instructions O Backup withholding

Passive income Schedule E, line 28, column (h) P Other credits

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

Net income Schedule E, line 28, column (h)
CLIENT COPY C Gross income sourced at
Net loss See the Shareholder’s Instructions
shareholder level
4. Interest income Form 1040 or 1040-SR, line 2b
Foreign gross income sourced at corporate level
5a. Ordinary dividends Form 1040 or 1040-SR, line 3b } Form 1116, Part I
D Reserved for future use
5b. Qualified dividends Form 1040 or 1040-SR, line 3a E Foreign branch category

6. Royalties Schedule E, line 4 F Passive category
G General category
7. Net short-term capital gain (loss) Schedule D, line 5
H Other
8a. Net long-term capital gain (loss) Schedule D, line 12
Deductions allocated and apportioned at shareholder level
8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4
(Schedule D instructions) I Interest expense Form 1116, Part I

8c. Unrecaptured section 1250 gain See the Shareholder’s Instructions J Other Form 1116, Part I

9. Net section 1231 gain (loss) See the Shareholder’s Instructions Deductions allocated and apportioned at corporate level to foreign source
income
10. Other income (loss)
K Reserved for future use } Form 1116, Part I
Code L Foreign branch category

A Other portfolio income (loss) See the Shareholder’s Instructions M Passive category
N General category
B Involuntary conversions See the Shareholder’s Instructions

C Sec. 1256 contracts & straddles Form 6781, line 1 O Other

D Mining exploration costs recapture See Pub. 535 Other information
} See the Shareholder’s Instructions
E Reserved for future use P Total foreign taxes paid Form 1116, Part II
F Section 965(a) inclusion
Q Total foreign taxes accrued Form 1116, Part II
G Income under subpart F (other
than inclusions under sections R Reduction in taxes available for Form 1116, line 12
951A and 965) credit

H Other income (loss) S Foreign trading gross receipts Form 8873

}11. Section 179 deduction See the Shareholder’s Instructions T Extraterritorial income exclusion Form 8873
See the Shareholder’s Instructions
12. Other deductions U Section 965 information See the Shareholder’s Instructions
A Cash contributions (60%)
B Cash contributions (30%) }V Other foreign transactions See the Shareholder’s Instructions
C Noncash contributions (50%)
D Noncash contributions (30%) 15. Alternative minimum tax (AMT) items See the Shareholder’s Instructions
and the Instructions for Form 6251
E Capital gain property to a 50% A Post-1986 depreciation adjustment
organization (30%) B Adjusted gain or loss
C Depletion (other than oil & gas)
D Oil, gas, & geothermal—gross income
F Capital gain property (20%) E Oil, gas, & geothermal—deductions
F Other AMT items
G Contributions (100%)
16. Items affecting shareholder basis
H Investment interest expense Form 4952, line 1 A Tax-exempt interest income } Form 1040 or 1040-SR, line 2a
B Other tax-exempt income See the Shareholder’s Instructions
I Deductions—royalty income Schedule E, line 19 C Nondeductible expenses
D Distributions
J Section 59(e)(2) expenditures See the Shareholder’s Instructions
E Repayment of loans from
K Section 965(c) deduction See the Shareholder’s Instructions

L Deductions—portfolio (other) Schedule A, line 16

M Preproductive period expenses See the Shareholder’s Instructions shareholders

N Commercial revitalization deduction 17. Other information

from rental real estate activities See Form 8582 instructions A Investment income Form 4952, line 4a

O Reforestation expense deduction See the Shareholder’s Instructions B Investment expenses Form 4952, line 5

}P through R Reserved for future use C Qualified rehabilitation expenditures

S Other deductions See the Shareholder’s Instructions (other than rental real estate) See the Shareholder’s Instructions

13. Credits D Basis of energy property See the Shareholder’s Instructions

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

C Low-income housing credit (section credit (other) Form 8611, line 8
42(j)(5)) from post-2007 buildings
See the Shareholder’s G Recapture of investment credit See Form 4255
D Low-income housing credit (other) Instructions
from post-2007 buildings H Recapture of other credits See the Shareholder’s Instructions

E Qualified rehabilitation expenditures I Look-back interest—completed See Form 8697
long-term contracts

(rental real estate) J Look-back interest—income
}forecast method
F Other rental real estate credits See Form 8866
K Dispositions of property with See the Shareholder’s Instructions
G Other rental credits section 179 deductions

}H Undistributed capital gains credit Schedule 3 (Form 1040 or 1040-SR), line L Recapture of section 179 deduction
13, box a
M through U
I Biofuel producer credit V Section 199A information

J Work opportunity credit W through Z } Reserved for future use
AA Excess taxable income See the Shareholder’s Instructions
K Disabled access credit See the Shareholder’s AB Excess business interest income

L Empowerment zone employment credit Instructions AC Other information

M Credit for increasing research

activities

REV 04/21/20 PRO

Corporation's name: Clear Tune Monitors, Inc. Page 1
Shareholder's name: Cesar Milano
Corporation's EIN: 20-4304881
Shareholder's identifying no: 770-50-4557

1120S, Line 21

Shareholder's share of:
QBI or qualified PTP items subject to shareholder-specific determinations:
CLIENT COPY
36,063.

12,000.
31,222.

Corporation's name: Corporation's EIN:
Shareholder's name: Shareholder's identifying no:

Shareholder's share of:
QBI or qualified PTP items subject to shareholder-specific determinations:

REV 04/21/20 PRO

671119

2019 Final K-1 Amended K-1 OMB No. 1545-0123

Schedule K-1 For calendar year 2019, or tax year Part III Shareholder’s Share of Current Year Income,
(Form 1120-S) Deductions, Credits, and Other Items

Department of the Treasury 1 Ordinary business income (loss) 13 Credits
Internal Revenue Service
36,064.
beginning / / 2019 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

5528 Commerce Dr. 7 Net short-term capital gain (loss)
Orlando FL 32839

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 -4.

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 1,246.

A 302. D 38,715.

17 Other information

V * STMT

18 More than one activity for at-risk purposes*
19 More than one activity for passive activity purposes*

* See attached statement for additional information.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S. www.irs.gov/Form1120S REV 04/21/20 PRO Schedule K-1 (Form 1120-S) 2019

BAA

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

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

1. Ordinary business income (loss). Determine whether the income (loss) is Code } Report on
passive or nonpassive and enter on your return as follows: See the Shareholder’s Instructions
N Credit for employer social
Report on security and Medicare taxes

Passive loss See the Shareholder’s Instructions O Backup withholding

Passive income Schedule E, line 28, column (h) P Other credits

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

Net income Schedule E, line 28, column (h)
CLIENT COPY C Gross income sourced at
Net loss See the Shareholder’s Instructions
shareholder level
4. Interest income Form 1040 or 1040-SR, line 2b
Foreign gross income sourced at corporate level
5a. Ordinary dividends Form 1040 or 1040-SR, line 3b } Form 1116, Part I
D Reserved for future use
5b. Qualified dividends Form 1040 or 1040-SR, line 3a E Foreign branch category

6. Royalties Schedule E, line 4 F Passive category
G General category
7. Net short-term capital gain (loss) Schedule D, line 5
H Other
8a. Net long-term capital gain (loss) Schedule D, line 12
Deductions allocated and apportioned at shareholder level
8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4
(Schedule D instructions) I Interest expense Form 1116, Part I

8c. Unrecaptured section 1250 gain See the Shareholder’s Instructions J Other Form 1116, Part I

9. Net section 1231 gain (loss) See the Shareholder’s Instructions Deductions allocated and apportioned at corporate level to foreign source
income
10. Other income (loss)
K Reserved for future use } Form 1116, Part I
Code L Foreign branch category

A Other portfolio income (loss) See the Shareholder’s Instructions M Passive category
N General category
B Involuntary conversions See the Shareholder’s Instructions

C Sec. 1256 contracts & straddles Form 6781, line 1 O Other

D Mining exploration costs recapture See Pub. 535 Other information
} See the Shareholder’s Instructions
E Reserved for future use P Total foreign taxes paid Form 1116, Part II
F Section 965(a) inclusion
Q Total foreign taxes accrued Form 1116, Part II
G Income under subpart F (other
than inclusions under sections R Reduction in taxes available for Form 1116, line 12
951A and 965) credit

H Other income (loss) S Foreign trading gross receipts Form 8873

}11. Section 179 deduction See the Shareholder’s Instructions T Extraterritorial income exclusion Form 8873
See the Shareholder’s Instructions
12. Other deductions U Section 965 information See the Shareholder’s Instructions
A Cash contributions (60%)
B Cash contributions (30%) }V Other foreign transactions See the Shareholder’s Instructions
C Noncash contributions (50%)
D Noncash contributions (30%) 15. Alternative minimum tax (AMT) items See the Shareholder’s Instructions
and the Instructions for Form 6251
E Capital gain property to a 50% A Post-1986 depreciation adjustment
organization (30%) B Adjusted gain or loss
C Depletion (other than oil & gas)
D Oil, gas, & geothermal—gross income
F Capital gain property (20%) E Oil, gas, & geothermal—deductions
F Other AMT items
G Contributions (100%)
16. Items affecting shareholder basis
H Investment interest expense Form 4952, line 1 A Tax-exempt interest income } Form 1040 or 1040-SR, line 2a
B Other tax-exempt income See the Shareholder’s Instructions
I Deductions—royalty income Schedule E, line 19 C Nondeductible expenses
D Distributions
J Section 59(e)(2) expenditures See the Shareholder’s Instructions
E Repayment of loans from
K Section 965(c) deduction See the Shareholder’s Instructions

L Deductions—portfolio (other) Schedule A, line 16

M Preproductive period expenses See the Shareholder’s Instructions shareholders

N Commercial revitalization deduction 17. Other information

from rental real estate activities See Form 8582 instructions A Investment income Form 4952, line 4a

O Reforestation expense deduction See the Shareholder’s Instructions B Investment expenses Form 4952, line 5

}P through R Reserved for future use C Qualified rehabilitation expenditures

S Other deductions See the Shareholder’s Instructions (other than rental real estate) See the Shareholder’s Instructions

13. Credits D Basis of energy property See the Shareholder’s Instructions

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

C Low-income housing credit (section credit (other) Form 8611, line 8
42(j)(5)) from post-2007 buildings
See the Shareholder’s G Recapture of investment credit See Form 4255
D Low-income housing credit (other) Instructions
from post-2007 buildings H Recapture of other credits See the Shareholder’s Instructions

E Qualified rehabilitation expenditures I Look-back interest—completed See Form 8697
long-term contracts

(rental real estate) J Look-back interest—income
}forecast method
F Other rental real estate credits See Form 8866
K Dispositions of property with See the Shareholder’s Instructions
G Other rental credits section 179 deductions

}H Undistributed capital gains credit Schedule 3 (Form 1040 or 1040-SR), line L Recapture of section 179 deduction
13, box a
M through U
I Biofuel producer credit V Section 199A information

J Work opportunity credit W through Z } Reserved for future use
AA Excess taxable income See the Shareholder’s Instructions
K Disabled access credit See the Shareholder’s AB Excess business interest income

L Empowerment zone employment credit Instructions AC Other information

M Credit for increasing research

activities

REV 04/21/20 PRO

Corporation's name: Clear Tune Monitors, Inc. Page 1
Shareholder's name: Sandra Cardona
Corporation's EIN: 20-4304881
Shareholder's identifying no: 088-82-3126

1120S, Line 21

Shareholder's share of:
QBI or qualified PTP items subject to shareholder-specific determinations:
CLIENT COPY
36,064.

12,000.
31,223.

Corporation's name: Corporation's EIN:
Shareholder's name: Shareholder's identifying no:

Shareholder's share of:
QBI or qualified PTP items subject to shareholder-specific determinations:

REV 04/21/20 PRO

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 04/21/20 PRO Form 1125-E (Rev. 10-2016)

4562Form Depreciation and Amortization OMB No. 1545-0172

Department of the Treasury (Including Information on Listed Property) 2019
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 Sales 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 1,020,000.
2
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . 3 2,550,000.
4
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . .
5
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . .
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

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

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . 8

9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . 9

10 Carryover of disallowed deduction from line 13 of your 2018 Form 4562 . . . . . . . . . . . 10

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

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

13 Carryover of disallowed deduction to 2020. Add lines 9 and 10, less line 12 13

Note: Don’t use Part II or Part III below for listed property. Instead, use Part V.

Part II Special Depreciation Allowance and Other Depreciation (Don’t include listed property. See instructions.)

14 Special depreciation allowance for qualified property (other than listed property) placed in service

during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . 14 2,565.

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

16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . 16
Part III MACRS Depreciation (Don’t include listed property. See instructions.)

Section A

17 MACRS deductions for assets placed in service in tax years beginning before 2019 . . . . . . . 17 418.
18 If you are electing to group any assets placed in service during the tax year into one or more general

asset accounts, check here . . . . . . . . . . . . . . . . . . . . . .

Section B—Assets Placed in Service During 2019 Tax Year Using the General Depreciation System

(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
g 25-year property 27.5 yrs. MM S/L
h Residential rental 27.5 yrs. MM S/L
39 yrs. MM S/L
property S/L
i Nonresidential real

property

Section C—Assets Placed in Service During 2019 Tax Year Using the Alternative Depreciation System

20a Class life S/L

b 12-year 12 yrs. S/L

c 30-year 30 yrs. MM S/L

d 40-year 40 yrs. MM S/L

Part IV Summary (See instructions.)

21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . 21 2,983.
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 (2019)

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 04/21/20 PRO

7004Form Application for Automatic Extension of Time To File Certain
Business Income Tax, Information, and Other Returns
(Rev. December 2018) OMB No. 1545-0233
Department of the Treasury File a separate application for each return.
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.)

5528 Commerce Dr.

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 32839
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 (section 4951 taxes) 20
21
Form 706-GS(T) 02 Form 1120-PC 22
23
Form 1041 (bankruptcy estate only) 03 Form 1120-POL

Form 1041 (estate other than a bankruptcy estate) 04 Form 1120-REIT

Form 1041 (trust) 05 Form 1120-RIC 24
Form 1041-N 06 Form 1120S 25
Form 1041-QFT 07 Form 1120-SF 26
Form 1042 08 Form 3520-A 27
Form 1065 09 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
Form 1120-ND 19
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 2019 , 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. 12-2018)
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

BAA REV 04/21/20 PRO

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

ERO must obtain and retain completed Form 8879-S. 2019

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

Internal Revenue Service For calendar year 2019, or tax year beginning , 2019, 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 1120-S, line 1c) . . . . . . . . . 1 646,079.
2 Gross profit (Form 1120-S, line 3) . . . . . . . . . . . . . . . . . . . . . . .
3 Ordinary business income (loss) (Form 1120-S, line 21) . . . . . . . . . . . . . . . . 470,133.
4 Net rental real estate income (loss) (Form 1120-S, Schedule K, line 2) . . . . . . . . . . . 3 72,127.
4
CLIENT COPY
5 Income (loss) reconciliation (Form 1120-S, Schedule K, line 18) . . . . . . . . . . . . . 5 71,524.

Part II Declaration and Signature Authorization of Officer (Be sure to get a copy of the corporation’s return)

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

Officer’s PIN: check one box only

I authorize to enter my PIN as my signature

ERO firm name Don’t enter all zeros

on the corporation’s 2019 electronically filed income tax return.

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

Officer’s signature Date 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 2019 electronically filed income tax return for the
corporation indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file
Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business
Returns.

ERO’s signature Date 06/15/2020

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. Cat. No. 37252K Form 8879-S (2019)
BAA
REV 04/21/20 PRO

Form 1120S S Corporation 2019
Five Year Tax History

G Keep for your records

Name Employer Identification Number

Clear Tune Monitors, Inc. 20-4304881

2015 2016 2017 2018 2019

1 Gross receipts 408,843. 512,294. 636,661. 520,883. 646,079.
2 Cost of sales 93,555. 177,808. 230,247. 129,048. 175,946.
3 Gross profit 334,486. 406,414. 391,835. 470,133.
4 Net 4797 gain (loss) 315,288.
5 Other income (loss) 334,486. 406,414. 391,835. 470,133.
6 Total income (loss) 315,288.
CLIENT COPY
7 Salaries 1,325. 632. 633. 632. 2,983.
8 Depreciation 271,123. 282,181. 321,652. 332,954. 395,023.
9 Other deductions -272,448. -282,813. -322,285. -333,586. -398,006.
10 Total deductions
11 Business income 42,840. 51,673. 84,129. 58,249. 72,127.
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 08/27/19

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 2019

Activity: Form 1120S - Line 21

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

DEPRECIATION

LED Screen 12/11/19 2,565 100.00

SUBTOTAL CURRENT YEAR 2,565 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 Improvements 08/01/11 6,499 100.00
Furniture 01/01/12 100.00
Laser Machine 04/18/12 420 100.00
Air Compresson/UV Lights 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 Handler 10/29/14 700 100.00
Lab Dust Collector Vacuum 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 Improvements 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 Lab 06/06/16 368 100.00
Shelves 08/12/16 580 100.00
Office Furniture 08/26/16 5,400 100.00
Lab Lights 08/30/16 485 100.00
247
210

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

mortization Report 2019

ar 2019 Page 1 of 2

your records Identifying Number
COP
20-4304881

9

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

2,565 05.00 200DB/MQ 0
0 2,565 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 1,231 167
1,250 0 19
1,363 0 4207.00 200DB/HY 401 134
2,9997.00 200DB/HY 2,865 62
498 0 1,3977.00 200DB/HY 1,335 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 126 0
210 0 05.00 200DB/HY 0 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 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 2019

Activity: Form 1120S - Line 21

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

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

Desk/Chair 10/27/17 331 100.00

SUBTOTAL PRIOR YEAR 65,203 0 4

TOTALS 67,768 0 4

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

mortization Report 2019

ar 2019 Page 2 of 2

your records Identifying Number
COP
20-4304881

9

Section Special Depreciable Method/ Prior Current

179 Depreciation Basis Life Convention Depreciation Depreciation

Allowance

1,685 0 07.00 200DB/HY 00

534 0 07.00 200DB/HY 00

3,578 0 05.00 200DB/HY 00

331 0 07.00 200DB/HY 00

43,095 4,933 17,175 11,281 418

43,095 7,498 17,175 11,281 418

n Year Planted/Grafted, C = COGS

Form 1120S 199A Statement A Summary 2019

QuickZoom to Other Copy Page 1

Corporation’s Name: Clear Tune Monitors, Inc. Corporation’s EIN: 20-4304881

1120S, Line 21 PTP PTP
PTP Aggregated Aggregated
Aggregated SSTB SSTB
SSTB
CLIENT COPY
Shareholder’s share of:
QBI or qualified PTP items subject to shareholder-specific determinations:

Ordinary business inc (loss) 72,127.
Rental income (loss)
Royalty income (loss) 24,000.
Section 1231 gain (loss) 62,445.
Other income (loss)
Section 179 deduction
Charitable contributions
Other deductions
W-2 wages
UBIA of qualified property

Section 199A dividends

Corporation’s Name: Corporation’s EIN:

PTP PTP PTP
Aggregated Aggregated Aggregated
SSTB SSTB SSTB

Shareholder’s share of:
QBI or qualified PTP items subject to shareholder-specific determinations:

Ordinary business inc (loss)
Rental income (loss)
Royalty income (loss)
Section 1231 gain (loss)
Other income (loss)
Section 179 deduction
Charitable contributions
Other deductions
W-2 wages
UBIA of qualified property

Section 199A dividends

spsw9907.SCR 12/14/19

Form 1120S Other Assets 2019
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. 192.

Total to Form 1120S, Schedule L, line 6CLIENT COPY 601. 192.
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 2019
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 380. 1,021.
23,816.
29,901.
CLIENT COPY
Total to Form 1120S, Schedule L, line 18 31,283. 25,839.
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

Form 7004 Electronic Filing Information Worksheet 2019

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

Officer’s Name
Officer’s Title
Signature Date

Electronic Funds Withdrawal - Amount paid with Form 7004
CLIENT COPY 03/15/20

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)

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: 2019

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: 5528 Commerce Dr., Orlando FL 32839
Identification Number: 20-4304881

fdiv9801.SCR 03/10/20

S Corporation Information Worksheet 2019

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 5528 Commerce Dr.

City Orlando State FL ZIP Code 32839

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 5528 Commerce Dr.

City Orlando State FL U.S. ZIP Code 32839

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 ' 2019 1120S Corporation Estimated Tax Paid

Amount of 2018 overpayment credited to 2019 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 04/15/19
Second 06/17/19
Third 09/16/19
Fourth 12/16/19

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

K-1 Section 465 and Section 469 multiple activities (Schedule K-1, Lines 18 and 19)
More than one activity for at-risk purposes (Section 465)?
More than one activity for passive activity purposes (Section 469)?
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 2018 return (Form 1120S, pg 1, ln 6) 391,835.

Claiming compensation of officers for 2019 X

Number of officers with compensation for 2019 2

Number of Employee W2s issued for 2019 2

Check the box(es) for returns required to be filed for 2019:

(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 03/15/2020

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

state/city return(s) was made

CLIENT COPYAlabama

Alabama Composite

Arkansas

California

Colorado

Connecticut

Florida Corporation

Georgia

Georgia Corporation

Illinois

Indiana

Iowa

Kansas

Kentucky

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)?

CLIENT COPYBank 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 04/18/20

Form 1120S Other Deductions Worksheet 2019
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
4 Bank charges 3 15,912.
5 Cleaning 4 925.
6 Commissions 5 316.
7 Computer services and supplies 6 12,173.
8 Credit and collection costs 7
9 Delivery and freight
10 Discounts 8
11 Dues and subscriptions
12 Equipment rent 9

13 Gifts 10
14 Insurance 11 150.
15 Janitorial 12
16 Laundry and cleaning
17 Legal and professional 13
18 a Meals, subject to 50% limit 14 1,558.
15
b Meals, subject to 80% limit
c Meals, allowed at 100% 16
d Entertainment (nondeductible) 17 1,970.
18 a 4,983.
e Less disallowed b
f Meals and entertainment, net
19 Miscellaneous c
20 Office expense
21 Outside services/independent contractors d
22 Parking fees and tolls
23 Permits and fees e 2,491.
24 Postage 18 f 2,492.
25 Printing 19 819.
26 Security 20 22,915.
21 132,592.
27 Supplies 22
28 Telephone
29 Tools 23
30 Training/continuing education 24 13,798.
31 Travel 25 3,654.
32 Uniforms 26 839.
33 Utilities
34 Total farm expenses (Schedule F, Line 33) 27 2,977.
35 Other (itemize): 28 4,924.
29
Continuing education
Credit card fees 30
Website and marketing 31 31,957.
32 429.
33 3,389.
34

35

40.
7,729.
37,731.

36 Total to Form 1120S, page 1, line 19 36 299,289.

spsw9001.SCR 08/27/19

Form 1120S Schedule M-1 Items Worksheet 2019

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 2,491. -2,491.

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 2,983.
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 2,491. 2,983. -2,491.

spsw5101.SCR 08/27/19

Schedule M-2 / Retained Earnings Worksheet 2019

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 year9163 0 0 0 0 9163
Ordinary income (loss) 72127
Schedule K additions

(Income/Gains):

Schedule K reductions -603
(Losses/Deductions):
Charitable contributions

Income ' Tax exempt
Deductions ' Exempt related

Schedule M-1 additions:

Schedule M-1 reductions: -2491
Meals and entertainment

Net adjustment for year 69033 0 69033
Net income(loss) per books 0 0 0 0 78196
Subtotal 78196 0
AAA without net negative adj. 78196 0 0 0 -77430
-77430 00
Distributions
Dividends 766 0 0 0 766
Balance at end of tax year

SPSW5001.SCR 08/27/19

Form 1120S Schedule K Reconciliation 2019

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%) 36,063 301 -3 1,245 38,715
Sandra Cardona (50.00%) 36,064 302 -4 1,246 38,715

Total shown on Schedules K-1 72,127 603 -7 2,491 77,430
-7 2,491 77,430
Amount shown on Schedule K 72,127 603

QuickZoom to Additional Schedule K Reconciliation Reports

Form 1120S Schedule K Reconciliation 2019

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%) 35,762
Sandra Cardona (50.00%) 35,762

Total shown on Schedules K-1 71,524

Amount shown on Schedule K 71,524

QuickZoom to Additional Schedule K Reconciliation Reports

Form 1120S Shareholders’ Basis Report 2019

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 9,663. 72,127. 3,094. 77,430. 1,266.
Total
0. 0.
SPSW4001.SCR 08/27/19
9,663. 72,127. 3,094. 77,430. 1,266.

Form 1120S Shareholder’s Basis Statement 2019

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 4,833.
2 Capital contributions 2
3 Income items 3 36,063.
4 Add lines 1 through 3 4 40,896.
5 Distributions (not to exceed line 4) 5 38,715.
6 Subtract line 5 from line 4 6 2,181.
7 Loss items (not to exceed line 6) or
7 1,245.
X Nondeductible expenses (not to exceed line 6) 8 936.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 301.
10 635.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 635.
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 27 635.

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
36,063.
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 36,063.
301.
Part VIII' Loss and Expense Items

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

Total loss and expense items 31 301.
Part IX 'Nondeductible Expense Items
32 Nondeductible expenses 1,245.
32 1,245.
Total nondeductible expense items
Cesar Milano
SPSW6301.SCR 08/27/19

Form 1120S Shareholder’s Basis Statement 2019

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 4,830.
2 Capital contributions 2
3 Income items 3 36,064.
4 Add lines 1 through 3 4 40,894.
5 Distributions (not to exceed line 4) 5 38,715.
6 Subtract line 5 from line 4 6 2,179.
7 Loss items (not to exceed line 6) or
7 1,246.
X Nondeductible expenses (not to exceed line 6) 8 933.
8 Subtract line 7 from line 6
9 Nondeductible expenses (not to exceed line 8) or 9 302.
10 631.
X Loss items (not to exceed line 8) 11 0.
10 Subtract line 9 from line 8 12 631.
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 27 631.

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
36,064.
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 36,064.
302.
Part VIII' Loss and Expense Items

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

Total loss and expense items 31 302.
Part IX 'Nondeductible Expense Items
32 Nondeductible expenses 32 1,246.
1,246.
Total nondeductible expense items
Sandra Cardona
SPSW6301.SCR 08/27/19

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

LED Screen 12/11/19 2,565 100.00
0
SUBTOTAL CURRENT YEAR 2,565

Printer/Fax 02/27/06 350 100.00 1,38
Spray Machine 03/01/06 2,988 100.00 31
Computer System 04/12/06 1,985 100.00 32
Leasehold Improvements 08/01/11 6,499 100.00
Furniture 01/01/12 100.00 1,25
Laser Machine 04/18/12 420 100.00 1,36
Air Compresson/UV Lights 04/18/12 5,998 100.00
Computer System 05/08/13 2,794 100.00 49
iPad 10/11/13 1,383 100.00 20
Mini iPad 12/22/13 100.00 47
Cleaning Machine 03/03/14 318 100.00 70
Apple Computer 03/18/14 320 100.00 20,31
Office Furniture 05/07/14 1,250 100.00 47
Punch Time Machine 05/22/14 1,363 100.00 21
Office Sofa 05/26/14 498 100.00 20
Trailer 05/27/14 201 100.00 24
Full Color Printer 09/25/14 479 100.00 32
700 26
Dust Collector Handler 10/29/14 20,317 100.00 49
Lab Dust Collector Vacuum 11/02/14 100.00
Table 11/09/14 477 100.00 29
Office Equipment 11/10/14 215 100.00 32
Monitor 12/01/14 202 100.00 36
Stand 12/08/14 245 100.00 58
Office Equipment 01/29/15 326 100.00 5,40
Leasehold Improvements 05/20/15 262 100.00 48
Computer 07/20/15 499 100.00 24
Equipment 12/11/15 1,074 100.00 21
Office TV 12/11/15 298 100.00
Apple Computer 04/28/16 324 100.00
Vacuum Cleaner for Lab 06/06/16 368 100.00
Shelves 08/12/16 580 100.00
Office Furniture 08/26/16 5,400 100.00
Lab Lights 08/30/16 485 100.00
247
210

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

x Depreciation Report 2019

ar 2019 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

2,565 05.00 200DB/MQ 0 0.
0 2,565 0 0 0 0.

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 1,231 167 0.

4207.00 150DB/HY 394 26 -7.

2,999 2,9997.00 200DB/HY 2,865 134 0.

1,397 1,3977.00 200DB/HY 1,335 62 0.

83 0 05.00 200DB/HY 0 0 0.

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.

45 0 07.00 200DB/HY 0 0 0.

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.

537 53715.00SL/HY 126 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.

n Year Planted/Grafted, C = COGS