Laserfiche WebLink
Form 1120S (2016)CREA7IVE INTERACTIVE ADVERTISING CORP 27-2252262 Page 2 <br />Schedule B Other Information (see instructions) <br />1 Check accounting method:a X Cash b Accrual Yes No <br />c Other (specify) <br />2 See the instructions and enter the: <br />a Business activity WEB DESIGN SERVICES b Product or service WEB PAGES <br />3 At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a <br />nominee or similar person? If "Yes," attach Schedule B-1, Information on Certain Shareholders of an S Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />4 At the end of the tax year, did the corporation: <br />a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total stock issued and outstanding of any <br />foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (v) <br />below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />(ii) Employer Identification Number <br />(if any) <br />(iii) Country of <br />Incorporation <br />(iv) Percentage of Stock <br />Owned <br />(v) If Percentage in (iv) is 100%, Enter the <br />(i) Name of Corporation Date (if any) a Qualified Subchapter S <br />Subsidiary Election Was Made <br />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 <br />capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a <br />trust? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />(i) Name of Entity (ii) Employer Identification Number <br />(if any)(iii) Type of Entity (iv) Country of (v) Maximum Percentage Owned in Profit, <br />Organization Loss, or Capital <br />5 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />If "Yes," complete lines (i) and (ii) below. <br />(i)Total shares of restricted stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />(ii)Total shares of non-restricted stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />b At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />If "Yes," complete lines (i) and (ii) below. <br />(i)Total shares of stock outstanding at the end of the tax year <br />(ii)Total shares of stock outstanding if all instruments were executed <br />6 Has this corporation filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide <br />information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />7 Check this box if the corporation issued publicly offered debt instruments with original issue discount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount <br />Instruments. <br />8 If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquired an <br />asset with a basis determined by reference to the basis of the asset (or the basis of any other property) in <br />the hands of a C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain <br />from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prior years (see <br />instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ <br />9 Enter the accumulated earnings and profits of the corporation at the end of the tax year.$ <br />10 Does the corporation satisfy both of the following conditions? <br />a The corporation's total receipts (see instructions) for the tax year were less than $250,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />b The corporation's total assets at the end of the tax year were less than $250,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />If "Yes," the corporation is not required to complete Schedules L and M-1. <br />11 During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the <br />terms modified so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />If "Yes," enter the amount of principal reduction $ <br />12 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If "Yes," see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />13 a Did the corporation make any payments in 2016 that would require it to file Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />b If "Yes," did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X <br />Form 1120S (2016)