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Form 1120-S U.S. Income Tax Return for an S Corporation OMB No. 1545-0123 Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation.Department of the Treasury Internal Revenue Service Go to www.irs.gov/Form1120S for instructions and the latest information. For calendar year 2019 or tax year beginning , ending A S election effective date Name D Employer identification number TYPE Number, street, and room or suite no. If a P.O. box, see instructions.B E Date incorporatedBusiness activity code number (see instructions) OR City or town State ZIP code PRINT F Total assets (see instructions) Foreign country name Foreign province/state/county Foreign postal code C Check if Sch. M-3 attached $ G Is the corporation electing to be an S corporation beginning with this tax year?Yes No If "Yes," attach Form 2553 if not already filed H Check if:(1) Final return (2) Name change (3) Address change (4) Amended return (5) S election termination or revocation I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . . . . . . . . . . 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 b Returns and allowances . . . . . . . . . . . . . . . . . . . 1b c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . .3 4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . 4 5 Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . . . . . . . 5 6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . 6 7 Compensation of officers (see instructions — attach Form 1125-E) . . . . . . . . . . . . . . . .7 8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . 8 9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 13 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . . . . . 14 15 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . 15 16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . . . . . . . . 20 21 Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . . . . . .21 22a Excess net passive income or LIFO recapture tax (see instructions) . . . 22a b Tax from Schedule D (Form 1120-S) . . . . . . . . . . . . . . . 22b 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 c Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . 23c d Reserved for future use . . . . . . . . . . . . . . . . . . . . 23d e Add lines 23a through 23d . . . . . . . . . . . . . . . . . . . . . .23e 24 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . . . . 24 25 Amount owed. If line 23e is smaller than the total of lines 22c and 24, enter amount owed . . . . . . 25 26 Overpayment. If line 23e is larger than the total of lines 22c and 24, enter amount overpaid . . . . . . 26 27 Enter amount from line 26: Credited to 2020 estimated tax Refunded 27 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. May the IRS discuss this return with the preparer shown below? See instructions. Yes No Sign Here Signature of officer Date Title Print/Type preparer's name Preparer's signature Date Check if PTIN self-employed Firm's name Firm's EIN Firm's address Phone no. Paid Preparer Use Only City State ZIP code For Paperwork Reduction Act Notice, see separate instructions.Form 1120-S (2019) BCA IVAN NARANJO IVAN NARANJO P00445459 PREMIERE DESIGN SOLUTIONS INC 26-0571068 07/22/2007 12781 MIRAMAR PKWY STE 205 33027-MIRAMAR FL 618,924 07/22/2007 541330 X 3 1,796,354 1,796,354 1,796,354 1,271 1,797,625 434,040 598,231 1,820 42,749 79 50,936 3,204 524,532 1,655,591 142,034 X 03/14/2020 X 45-5382643Naranjo Co PA 916 NW 167 Avenue 33028HOLLYWOODFL 786-287-4472 123