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 Information about Form 1120S and its separate instructions is at www.irs.gov/form1120s. For calendar year 2016 or tax year beginning , 2016, ending , 20 Name D Employer identification number A S election effective date Form

1120S

2016

05-15-2002 B

TYPE

Business activity code number (see instructions)

OR PRINT

424400 C

SUNSHINE S CORP

40-0006013

Number, street, and room or suite no. If a P.O. box, see instructions.

E Date incorporated

464 BRIGHT LANE

05-15-2002

City or town, state or province, country, and ZIP or foreign postal code

F Total assets (see instructions)

Check if Sch. M-3 attached

31

$ NORTH MIAMI BEACH FL 33160 131,534 G Is the corporation electing to be an S corporation beginning with this tax year? Yes If "Yes," attach Form 2553 if not already filed X No 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 ................. 4 Caution: Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information. 1 a Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . 1a 575,000 b Returns and allowances ....................... 1b 33,200 c Balance. Subtract line 1b from line 1a ................................ 1c 541,800 2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 146,960 3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 394,840 4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . 4 5 Other income (loss) (see instructions - attach statement) .............. . . . . . . .#1 .. 5 Statement 22,477 6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 417,317 7 Compensation of officers (see instructions - attach Form 1125-E) ................... 7 69,000 8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 55,000 9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 4,000 10 Bad debts ............................................. 10 11 Rents ............................................... 11 24,000 12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... 12 ATT_STL 24,500 13 Interest .............................................. 13 Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . . . . . . . 14 14 1,775

Tax and Payments

Deductions (see instructions for limitations)

Income

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15 16 17 18 19 20 21 22 a b c 23 a b c d 24 25 26 27

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Depletion (Do not deduct oil and gas depletion.). . . . . . . . . . . . . . . . . . . . . . . . . . . Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pension, profit-sharing, etc., plans ................................. Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .#2 .. Statement Total deductions. Add lines 7 through 19 ............................ Ordinary business income (loss). Subtract line 20 from line 6 ................... Excess net passive income or LIFO recapture tax (see instructions) . . . 22a Tax from Schedule D (Form 1120S) . . . . . . . . . . . . . . . . . . . 22b Add lines 22a and 22b (see instructions for additional taxes) ..................... 2016 estimated tax payments and 2015 overpayment credited to 2016 . 23a Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . 23b Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . . . 23c Add lines 23a through 23c ..................................... Estimated tax penalty (see instructions). Check if Form 2220 is attached ........... Amount owed. If line 23d is smaller than the total of lines 22c and 24, enter amount owed . . . . . . Overpayment. If line 23d is larger than the total of lines 22c and 24, enter amount overpaid ..... Enter amount from line 26 Credited to 2017 estimated tax Refunded

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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.

SOLAR WINDS

Paid Preparer Use Only

Mister Preparer Firm's name The Firm Firm's address 1234 MAIN ST FRANKLIN NC 28734

Signature of officer

55,175 240,450 176,867

22c

23d 24 25 26 27 May the IRS discuss this return with the preparer shown below

Title

Date Preparer's signature

For Paperwork Reduction Act Notice, see separate instructions. EEA

7,000

(see instructions)? Yes X No PRESIDENT, CEO, DIRECTO

Sign Here

Print/Type preparer's name

15 16 17 18 19 20 21

Date

Check

if

PTIN

12-29-2016 self-employed XXXXXXXXX Firm's EIN Phone no.

Form 1120S (2016)

Form 1120S (2016)

Schedule B

SUNSHINE S CORP

40-0006013

a Cash b X Accrual c Other (specify) 2 See the instructions and enter the: a Business activity b Product or service GROCERY FOOD 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Page 2

Other Information (see instructions)

Check accounting method:

Yes

No

31

X

(v) If Percentage in (iv) is 100%, Enter the (ii) Employer Identification Number

(i) Name of Corporation

(if any)

(iii) Country of

(iv) Percentage of Stock

Incorporation

Owned

Date (if any) a Qualified Subchapter S Subsidiary Election Was Made

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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 ............... (ii) Employer Identification Number

(i) Name of Entity

(if any)

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(iii) Type of Entity

(iv) Country of

Organization

X

(v) Maximum Percentage Owned in Profit, Loss, or Capital

5 a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? ................. If "Yes," complete lines (i) and (ii) below. (i) Total shares of restricted stock ................... (ii) Total shares of non-restricted stock ................. b At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments? ...... If "Yes," complete lines (i) and (ii) below. (i) Total shares of stock outstanding at the end of the tax year . . . . . . . (ii) Total shares of stock outstanding if all instruments were executed ..... 6 Has this corporation filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? .......................................... 7 Check this box if the corporation issued publicly offered debt instruments with original issue discount .......... If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. 8 If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to the basis of the asset (or the basis of any other property) in the hands of a C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prior years (see instructions) . . . . . . . . . . . . . . . . . . . . . . . $ 9 Enter the accumulated earnings and profits of the corporation at the end of the tax year. $ 10 Does the corporation satisfy both of the following conditions? a The corporation's total receipts (see instructions) for the tax year were less than $250,000 .................. b The corporation's total assets at the end of the tax year were less than $250,000 ....................... X If "Yes," the corporation is not required to complete Schedules L and M-1. 11 During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? ................................ If "Yes," enter the amount of principal reduction $ 12 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If "Yes," see instructions . . . . . . . 13 a Did the corporation make any payments in 2016 that would require it to file Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . b If "Yes," did the corporation file or will it file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . EEA Form 1120S (2016)

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Form 1120S (2016)

SUNSHINE S CORP

40-0006013

Items Affecting Shareholder Basis

Alternative Minimum Tax (AMT) Items

Foreign Transactions

Credits

Deductions

Income (Loss)

Schedule K

EEA

1 2 3a b c 4 5

Shareholders' Pro Rata Share Items Ordinary business income (loss) (page 1, line 21) ......................... Net rental real estate income (loss) (attach Form 8825) ...................... Other gross rental income (loss) . . . . . . . . . . . . . . . . . . 3a Expenses from other rental activities (attach statement) . . . . . . . 3b Other net rental income (loss). Subtract line 3b from line 3a .................... Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividends: a Ordinary dividends ................................. b Qualified dividends . . . . . . . . . . . . . . . . . . 5b Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) ................ Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) ................ Collectibles (28%) gain (loss) . . . . . . . . . . . . . . . . . . . . 8b Unrecaptured section 1250 gain (attach statement) . . . . . . . . . 8c Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . Other income (loss) (see instructions) . . Type Section 179 deduction (attach Form 4562) ............................ Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investment interest expense ...................................

6 7 8a b c 9 10 11 12a b c Section 59(e)(2) expenditures (1) Type (2) Amount . . . Type d Other deductions (see instructions) 13a Low-income housing credit (section 42(j)(5)) ........................... b Low-income housing credit (other) ................................ 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 .................................. c Gross income sourced at shareholder level ............................ Foreign gross income sourced at corporate level d Passive category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e General category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f Other (attach statement) ..... ............................... Deductions allocated and apportioned at shareholder level g Interest expense ......................................... h Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deductions allocated and apportioned at corporate level to foreign source income i Passive category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . j General category . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . k Other (attach statement) ..................................... Other information l Total foreign taxes (check one): Paid Accrued .................. m Reduction in taxes available for credit (attach statement) ..................... n Other foreign tax information (attach statement) 15a Post-1986 depreciation adjustment ................................ b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Depletion (other than oil and gas) ................................. d Oil, gas, and geothermal properties - gross income . . . . . . . . . . . . . . . . . . . . . . . . . e Oil, gas, and geothermal properties - deductions . . . . . . . . . . . . . . . . . . . . . . . . . . f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Nondeductible expenses ..................................... d Distributions (attach statement if required) (see instructions) ................... e Repayment of loans from shareholders ..............................

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1 2

3c 4 5a 6 7 8a

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Page 3

Total amount

9 10 11 12a 12b

12c(2)

12d 13a 13b 13c 13d 13e 13f 13g

176,867

31

14b 14c 14d 14e 14f 14g 14h 14i 14j 14k

14l 14m 15a 15b 15c 15d 15e 15f 16a 16b 16c 16d 16e

150,000 Form 1120S (2016)

Form 1120S (2016)

Other Information

17 a b c d

Reconciliation

Schedule K

18

Schedule 1 2a b 3 4 5 6 7 8 9 10a b 11a b 12 13a b 14 15 16 17 18 19 20 21 22 23 24 25 26 27

SUNSHINE S CORP

40-0006013

Page 4 Total amount

Shareholders' Pro Rata Share Items (continued)

Investment income ....................................... Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend distributions paid from accumulated earnings and profits ................ Other items and amounts (attach statement)

Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14I L Balance Sheets per Books Beginning of tax year Assets (a) (b)

Cash .................. Trade notes and accounts receivable ... Less allowance for bad debts ...... Inventories . . . . . . . . . . . . . . . . U.S. government obligations ....... Tax-exempt securities (see instructions) .. Other current assets (attach statement) .. Loans to shareholders .......... Mortgage and real estate loans . . . . . . Other investments (attach statement) ... Buildings and other depreciable assets .. Less accumulated depreciation . . . . . . Depletable assets ............ Less accumulated depletion . . . . . . . . Land (net of any amortization) ...... Intangible assets (amortizable only) . . . . Less accumulated amortization . . . . . . Other assets (attach statement) . . . . . . Total assets . . . . . . . . . . . . . . . . Liabilities and Shareholders' Equity Accounts payable ............

(c)

)

(

304,000 256,010 )

(

)

(

)

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6,000 20,000

(

8,500 18,000

)

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47,990

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Other liabilities (attach statement) . . . . . Capital stock . . . . . . . . . . . . . . . Additional paid-in capital ......... Retained earnings ............

31 (d)

8,500

(

176,867 58,819

6,000

Other current liabilities (attach statement) . Loans from shareholders .........

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18 End of tax year

31,477

Mortgages, notes, bonds payable in less than 1 year

Mortgages, notes, bonds payable in 1 year or more

....

17a 17b 17c

(

304,000 257,785 )

(

)

(

)

46,215

105,467

131,534

3,600

2,800

5,000

5,000

96,867

123,734

Adjustments to shareholders' equity (attach statement)

Less cost of treasury stock ........ Total liabilities and shareholders' equity ..

EEA

P

(

)

105,467

(

)

131,534 Form 1120S (2016)

Form 1120S (2016)

Schedule M-1 1 2

SUNSHINE S CORP

40-0006013

Page 5

Reconciliation of Income (Loss) per Books With Income (Loss) per Return

Note: The corporation may be required to file Schedule M-3 (see instructions) Net income (loss) per books . . . . . . . . 176,867 5 Income recorded on books this year not included Income included on Schedule K, lines 1, 2, 3c, 4,

on Schedule K, lines 1 through 10 (itemize):

a Tax-exempt interest $

5a, 6, 7, 8a, 9, and 10, not recorded on books this year (itemize):

3

Expenses recorded on books this year not included on Schedule K, lines 1 through 12 and 14l (itemize): a Depreciation $ b Travel and entertainment $

4

176,867

...........

Add lines 1 through 3

Schedule M-2

6 Deductions included on Schedule K, lines 1 through 12 and 14l , not charged against book income this year (itemize): a Depreciation $

7 Add lines 5 and 6 . . . . . . . . . . . . 8 Income (loss) (Schedule K, line 18). Line 4 less line 7

(a) Accumulated adjustments account 1 2 3 4 5 6 7 8

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31

176,867

Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders' Undistributed Taxable Income Previously Taxed (see instructions)

Balance at beginning of tax year ...... Ordinary income from page 1, line 21 .... Other additions .............. Loss from page 1, line 21 . . . . . . . . . . Other reductions .............. Combine lines 1 through 5 ......... Distributions other than dividend distributions . Balance at end of tax year. Subtract line 7 from line 6

96,867 176,867 ( (

) ) (

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273,734 150,000 123,734

EEA

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(b) Other adjustments account

(c) Shareholders' undistributed taxable income previously taxed

)

Form 1120S (2016)

Form

1125-A

Cost of Goods Sold OMB No. 1545-0123

(Rev. October 2016)

Attach to Form 1120, 1120-C, 1120-F, 1120S, 1065, or 1065-B. Information about Form 1125-A and its instructions is at www.irs.gov/form1125a.

Department of the Treasury Internal Revenue Service Name

Employer identification number

SUNSHINE S CORP 1 2 3 4 5 6 7 8 9a

b c d e f

40-0006013

Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 20,000 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 130,960 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14,000 Additional section 263A costs (attach schedule) ........................... 4 Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Total. Add lines 1 through 5 .................................... 6 164,960 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 18,000 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 ......................... 8 146,960 Check all methods used for valuing closing inventory: (i) Cost (ii) Lower of cost or market (iii) Other (Specify method used and attach explanation.) Check if there was a writedown of subnormal goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) ............. If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed under LIFO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d If property is produced or acquired for resale, do the rules of section 263A apply to the entity? See instructions ...... Yes No Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If "Yes," attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

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For Paperwork Reduction Act Notice, see instructions EEA

Form 1125-A (Rev. 10-2016)

671113 Schedule K-1 (Form 1120S)

2016 For calendar year 2016, or tax

Department of the Treasury Internal Revenue Service

year beginning

Ordinary business income (loss)

Net rental real estate income (loss)

3

Other net rental income (loss)

4

Interest income

5a

Ordinary dividends

SUNSHINE S CORP

5b

Qualified dividends

464 BRIGHT LANE

6

Royalties

7

Net short-term capital gain (loss)

8a

Net long-term capital gain (loss)

8b

Collectibles (28%) gain (loss)

Information About the Corporation

FL 33160

IRS Center where corporation filed return

Part II

Information About the Shareholder

Shareholder's identifying number

XXX-XX-XXXX Shareholder's name, address, city, state, and ZIP code

SOLAR WINDS 444 TULIP LANE MIAMI F

FL 33180

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Shareholder's percentage of stock ownership for tax year

..........

For IRS Use Only

14

Foreign transactions

Corporation's name, address, city, state, and ZIP code

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E-FILE

E

Credits

Corporation's employer identification number

NORTH MIAMI BEACH

D

13

17,687

40-0006013

C

OMB No. 1545-0123

Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items

2

Part I

B

Amended K-1

, 20

Shareholder's Share of Income, Deductions, Credits, etc. See page 2 of form and separate instructions. A

Part III 1

, 2016

ending

Final K-1

10.00000

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%

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Unrecaptured section 1250 gain

9

Net section 1231 gain (loss)

10

Other income (loss)

11

Section 179 deduction

12

31

15

Alternative minimum tax (AMT) items

16

Items affecting shareholder basis

D

15,000

Other deductions

17

Other information

* See attached statement for additional information. For Paperwork Reduction Act Notice, see Instructions for Form 1120S. EEA

IRS.gov/form1120S

Schedule K-1 (Form 1120S) 2016

Schedule K-1 Distribution Information

2016

Shareholder's name

Shareholder's ID Number

SOLAR WINDS

XXX-XX-XXXX

Name of S Corporation

S Corporation's EIN

SUNSHINE S CORP

40-0006013 Total Amount of Distribution

Date of Distribution

03-03-2016 11-06-2016

Ownership % at Date of Distribution

50,000 100,000

10.00 10.00

Shares

Shareholder's Pro Rata Share of Distribution

020.00000 020.00000

TOTAL

__________ 15,000 __________

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31

5,000 __________ 10,000

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671113 Schedule K-1 (Form 1120S)

2016 For calendar year 2016, or tax

Department of the Treasury Internal Revenue Service

year beginning

Ordinary business income (loss)

Net rental real estate income (loss)

3

Other net rental income (loss)

4

Interest income

5a

Ordinary dividends

SUNSHINE S CORP

5b

Qualified dividends

464 BRIGHT LANE

6

Royalties

7

Net short-term capital gain (loss)

8a

Net long-term capital gain (loss)

8b

Collectibles (28%) gain (loss)

Information About the Corporation

FL 33160

IRS Center where corporation filed return

Part II

Information About the Shareholder

Shareholder's identifying number

XXX-XX-XXXX Shareholder's name, address, city, state, and ZIP code

SUN FLOWERS 333 IRIS ROAD MIAMI F

FL 33180

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Shareholder's percentage of stock ownership for tax year

..........

For IRS Use Only

14

Foreign transactions

Corporation's name, address, city, state, and ZIP code

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E-FILE

E

Credits

Corporation's employer identification number

NORTH MIAMI BEACH

D

13

88,434

40-0006013

C

OMB No. 1545-0123

Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items

2

Part I

B

Amended K-1

, 20

Shareholder's Share of Income, Deductions, Credits, etc. See page 2 of form and separate instructions. A

Part III 1

, 2016

ending

Final K-1

50.00000

P

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%

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Unrecaptured section 1250 gain

9

Net section 1231 gain (loss)

10

Other income (loss)

11

Section 179 deduction

12

31

15

Alternative minimum tax (AMT) items

16

Items affecting shareholder basis

D

75,000

Other deductions

17

Other information

* See attached statement for additional information. For Paperwork Reduction Act Notice, see Instructions for Form 1120S. EEA

IRS.gov/form1120S

Schedule K-1 (Form 1120S) 2016

Schedule K-1 Distribution Information

2016

Shareholder's name

Shareholder's ID Number

SUN FLOWERS

XXX-XX-XXXX

Name of S Corporation

S Corporation's EIN

SUNSHINE S CORP

40-0006013 Total Amount of Distribution

Date of Distribution

03-03-2016 11-06-2016

Ownership % at Date of Distribution

50,000 100,000

50.00 50.00

Shares

Shareholder's Pro Rata Share of Distribution

100.00000 100.00000

TOTAL

__________ 75,000 __________

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P 1120SK_1.LD2

31

25,000 __________ 50,000

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671113 Schedule K-1 (Form 1120S)

2016 For calendar year 2016, or tax

Department of the Treasury Internal Revenue Service

year beginning

Ordinary business income (loss)

Net rental real estate income (loss)

3

Other net rental income (loss)

4

Interest income

5a

Ordinary dividends

SUNSHINE S CORP

5b

Qualified dividends

464 BRIGHT LANE

6

Royalties

7

Net short-term capital gain (loss)

8a

Net long-term capital gain (loss)

8b

Collectibles (28%) gain (loss)

Information About the Corporation

FL 33160

IRS Center where corporation filed return

Part II

Information About the Shareholder

Shareholder's identifying number

XXX-XX-XXXX Shareholder's name, address, city, state, and ZIP code

SUMMER FLOWEWRS 555 ROSE CIRCLE MIAMI F

FL 33180

e it c

Shareholder's percentage of stock ownership for tax year

..........

For IRS Use Only

14

Foreign transactions

Corporation's name, address, city, state, and ZIP code

n r ut

E-FILE

E

Credits

Corporation's employer identification number

NORTH MIAMI BEACH

D

13

35,373

40-0006013

C

OMB No. 1545-0123

Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items

2

Part I

B

Amended K-1

, 20

Shareholder's Share of Income, Deductions, Credits, etc. See page 2 of form and separate instructions. A

Part III 1

, 2016

ending

Final K-1

20.00000

P

c ar

%

eR 8c

Unrecaptured section 1250 gain

9

Net section 1231 gain (loss)

10

Other income (loss)

11

Section 179 deduction

12

31

15

Alternative minimum tax (AMT) items

16

Items affecting shareholder basis

D

30,000

Other deductions

17

Other information

* See attached statement for additional information. For Paperwork Reduction Act Notice, see Instructions for Form 1120S. EEA

IRS.gov/form1120S

Schedule K-1 (Form 1120S) 2016

Schedule K-1 Distribution Information

2016

Shareholder's name

Shareholder's ID Number

SUMMER FLOWEWRS

XXX-XX-XXXX

Name of S Corporation

S Corporation's EIN

SUNSHINE S CORP

40-0006013 Total Amount of Distribution

Date of Distribution

03-03-2016 11-06-2016

Ownership % at Date of Distribution

50,000 100,000

20.00 20.00

Shares

Shareholder's Pro Rata Share of Distribution

040.00000 040.00000

TOTAL

__________ 30,000 __________

e it c

c ar

P 1120SK_1.LD2

31

10,000 __________ 20,000

eR

n r ut

671113 Schedule K-1 (Form 1120S)

2016 For calendar year 2016, or tax

Department of the Treasury Internal Revenue Service

year beginning

Ordinary business income (loss)

Net rental real estate income (loss)

3

Other net rental income (loss)

4

Interest income

5a

Ordinary dividends

SUNSHINE S CORP

5b

Qualified dividends

464 BRIGHT LANE

6

Royalties

7

Net short-term capital gain (loss)

8a

Net long-term capital gain (loss)

8b

Collectibles (28%) gain (loss)

Information About the Corporation

FL 33160

IRS Center where corporation filed return

Part II

Information About the Shareholder

Shareholder's identifying number

XXX-XX-XXXX Shareholder's name, address, city, state, and ZIP code

OCEAN BREEZE 777 DAISY COURT MIAMI F

FL 33180

e it c

Shareholder's percentage of stock ownership for tax year

..........

For IRS Use Only

14

Foreign transactions

Corporation's name, address, city, state, and ZIP code

n r ut

E-FILE

E

Credits

Corporation's employer identification number

NORTH MIAMI BEACH

D

13

35,373

40-0006013

C

OMB No. 1545-0123

Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items

2

Part I

B

Amended K-1

, 20

Shareholder's Share of Income, Deductions, Credits, etc. See page 2 of form and separate instructions. A

Part III 1

, 2016

ending

Final K-1

20.00000

P

c ar

%

eR 8c

Unrecaptured section 1250 gain

9

Net section 1231 gain (loss)

10

Other income (loss)

11

Section 179 deduction

12

31

15

Alternative minimum tax (AMT) items

16

Items affecting shareholder basis

D

30,000

Other deductions

17

Other information

* See attached statement for additional information. For Paperwork Reduction Act Notice, see Instructions for Form 1120S. EEA

IRS.gov/form1120S

Schedule K-1 (Form 1120S) 2016

Schedule K-1 Distribution Information

2016

Shareholder's name

Shareholder's ID Number

OCEAN BREEZE

XXX-XX-XXXX

Name of S Corporation

S Corporation's EIN

SUNSHINE S CORP

40-0006013 Total Amount of Distribution

Date of Distribution

03-03-2016 11-06-2016

Ownership % at Date of Distribution

50,000 100,000

20.00 20.00

Shares

Shareholder's Pro Rata Share of Distribution

040.00000 040.00000

TOTAL

__________ 30,000 __________

e it c

c ar

P 1120SK_1.LD2

31

10,000 __________ 20,000

eR

n r ut

Summary of Stock Ownership

2016

CORPORATION NAME

EIN

SUNSHINE S CORP

40-0006013

Shareholder Information Name

Shares EIN/SSN

SOLAR WINDS SUN FLOWERS SUMMER FLOWEWRS OCEAN BREEZE

XXX-XX-XXXX XXX-XX-XXXX XXX-XX-XXXX XXX-XX-XXXX

TOTAL

c ar

e it c

P WK_SOWN.LD

Type

Beginning

% Ownership Ending

20 100 40 _______ 40

20 100 40 _______ 40

_______ 200 _______

_______ 200 _______

Beginning

eR

31

10.00000 50.00000 20.00000 20.00000

n r ut

Ending

10.00000 50.00000 20.00000 20.00000

Form

1125-E

Compensation of Officers

(Rev. October 2016)

OMB No. 1545-0123

Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S. Information about Form 1125-E and its separate instructions is at www.irs.gov/form1125e.

Department of the Treasury Internal Revenue Service Name

Employer identification number

SUNSHINE S CORP

40-0006013

Note: Complete Form 1125-E only if total receipts are $500,000 or more. See instructions for definition of total receipts. (b) Social security number (see instructions)

(a) Name of officer

1

(c) Percent of time devoted to business

Percent of stock owned (d) Common

SOLAR WINDS

XXX-XX-XXXX

100

%

10

%

%

SUN FLOWERS

XXX-XX-XXXX

100

%

50

%

%

SUMMER FLOWERS

XXX-XX-XXXX

100

%

OCEAN BREEZE

XXX-XX-XXXX

100

%

BREAKING WINDS

XXX-XX-XXXX

100

%

n r ut 20

%

%

20

%

%

0

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

%

eR % % %

e it c

c ar

P

%

3

Compensation of officers claimed on Form 1125-A or elsewhere on return

15,000 15,000 14,000

%

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

3

15,000

%

2

Total compensation of officers

31

10,000

%

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

2

4

(f) Amount of compensation

(e) Preferred

69,000

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 69,000 For Paperwork Reduction Act Notice, see separate instructions. Form 1125-E (Rev. 10-2016) EEA

Federal Supporting Statements Name(s) as shown on return

2016

PG01

FEIN

SUNSHINE S CORP

40-0006013 FORM 1120S - LINE 5 - OTHER INCOME

Statement #1

DESCRIPTION INTEREST INCOME ON RECEIVABLES TAXABLE INCOME FROM INSURANCE PROCEEDS

AMOUNT 4,500 ______________ 17,977

TOTAL

______________ 22,477 ______________

n r ut

FORM 1120S - LINE 19 - OTHER DEDUCTIONS DESCRIPTION ACCOUNTING BANK CHARGES CELL PHONE EDUCATION AND TRAINING INDEPENDENT CONTRACTOR BUILDING AND EQUIPMENT INSURANCE LIABILITY INSURANCE WORKERS COMP INSURANCE INTERNET JANITORIAL LEGAL AND PROFESSIONAL MARKETING POSTAGE/SHIPPING PRINTING SOFTWARE SUPPLIES TELEPHONE TRAVEL UTILITIES TOTAL

STATMENT.LD

P

c ar

e it c

eR

31

PG01 Statement #2

AMOUNT 850 450 350 2,950 9,000 1,200 2,500 5,000 350 11,000 3,000 1,750 750 1,500 1,000 3,000 575 6,200 ______________ 3,750 ______________ 55,175 ______________

Listing of Shareholder Distributions Name(s) as shown on return

2016 Employer Identification Number

SUNSHINE S CORP

40-0006013

Date

Amount

31

03-03-2016 11-06-2016

50,000 __________ 100,000

TOTAL

__________ 150,000 __________

c ar

e it c

P WK_DIST.LD

eR

n r ut

Schedule M-2/Retained Earnings Worksheet Form 1120S

2016

(Keep for your records)

Name(s) as shown on return

Tax ID Number

SUNSHINE S CORP

40-0006013 Analysis of Current-Year Retained Earnings

1 2 3 4 5

Beginning retained earnings per balance sheet (Schedule L, column b, lines 24 and 25) .............. Book income (loss) (Schedule M-1, line 1, or Schedule M-3, page 1, line 11) ................... Distributions (Schedule K, line 16d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtotal (combines lines 1 through 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ending retained earnings per balance sheet (Schedule L, column d, lines 24 and 25) ...............

1 2 3 4 5

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

6

6 Difference (line 4 minus line 5) (should be zero)

n r ut

Current-Year Change to Retained Earnings Compared to Current-Year Change to AAA & OAA

1 Ending retained earnings (Schedule L, column d, line 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Beginning retained earnings (Schedule L, column b, line 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Retained earnings change (line 1 minus line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 2 3

4 Ending AAA plus OAA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Beginning AAA plus OAA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Difference (line 4 minus line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 5 6

eR

7 8 9 10

Current-Year Timing Adjustments per Schedule M-1 Subtractions from net income per books (Schedule M-1, lines 5 and 6 - not included on Schedule M-2) Other income recorded on books not included on Schedule K . . . . . . . . . . . . . . . 7 Depreciation on Schedule K not included on books . . . . . . . . . . . . . . . . . . . . 8 Other Schedule K items not included on books . . . . . . . . . . . . . . . . . . . . . . 9 Total subtractions (lines 7 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 12 13 14 15

Additions to net income per books (Schedule M-1, lines 2 and 3 - not included on Schedule M-2, line 3) Income included on Schedule K not recorded on books . . . . . . . . . . . . . . . . . . 11 Depreciation on books not included on Schedule K . . . . . . . . . . . . . . . . . . . . 12 Other items on books not included on Schedule K . . . . . . . . . . . . . . . . . . . . . 13 Total additions (lines 11 through 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Sch M-1 timing adjustments not included on Schedule M-2, lines 2 thru 5 (subtract line 14 from line 10)

e it c

c ar

.......

96,867 176,867 (150,000) 123,734 123,734

31

123,734 96,867 26,867 123,734 96,867 26,867

15

Current-Year Timing Adjustments Per Schedule M-3 Permanent or temporary book-to-tax difference amounts entered on the M32, M33, 8916A, and SCH3 screens appear on line 16 and line 17 as opposite of the actual entries. For example, an entry of -100 would appear as 100. 16 Permanent differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Temporary differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

P

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

18

Distributions reported on Schedule K, line 16d, not allowed on Schedule M-2, line 7 ................ Adjustments to retained earnings (Schedule L, line 25 column d minus Schedule L, line 25, column b) ....... M-2 amount after M-1 timing adjustments (add lines 6, 15, 19, and 20) . . . . . . . . . . . . . . . . . . . . . . . M-2 amount after M-3 timing adjustments (add lines 6, 18, 19, and 20) . . . . . . . . . . . . . . . . . . . . . . .

19 20 21 22

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

23

18 Timing adjustments not included on Schedule M-2 (combine lines 16 and 17) 19 20 21 22

23 Net reconciliation difference (line 3 minus line 21 or 22)

WK_M2.LD

26,867

Taxes and Licenses Attachment

2016

Note: This information does not transmit to the IRS with e-filed returns. Including with a paper filed return is optional. S CORPORATION NAME

EIN

SUNSHINE S CORP

40-0006013

Taxes and Licenses

1 2 3 4 5 6 7 8 9 10 11 12 13

Form 1120S

State income taxes State franchise taxes City income taxes City franchise taxes Local property taxes Intangible property taxes Payroll taxes Less: credit from Form 8846 Foreign taxes paid Occupancy taxes Other miscellaneous taxes Built in gains tax allocated to ordinary income Licenses

Page 1, Line 12

14 Total to Form 1120S, Page 1, Line 12

c ar

e it c

P ATT_STL.LD

1 2 3 4 5 6 7 8 9 10 11 12 13

eR

n r ut 14

31

1,500

22,000

1,000

24,500

n r ut

Depreciation Detail Listing

* Item was disposed of during current year.

FORM 1120S

For your records only Name(s) as shown on return

SUNSHINE S CORP No.

Description

Date

Cost

Salvage

Business

Section

Depreciation

percentage

179

Basis

1

ASSET 1

07122005

13,000

100.00

2

ASSET 2

06142014

175,000

100.00

3

ASSET 3

09052005

10,000

100.00

4

ASSET 4

04132009

66,000

100.00

5

ASSET 5

03122006

15,000

100.00

6

ASSET 6

03152015

25,000

100.00

Life

Method

13,000 5

eR

175,000

0 5

EXP

10,000 7 66,000 5

200 DB HY

15,000 5

25,000

e it c

0 5

EXP

Rate

31

PAGE

40-0006013

Accumulated

Prior

depr.

Depreciation

expense

13,000

0

175,000

0

10,000 1,775

1

Social security number/EIN

Current

0

0

2016

Bonus depreciation

AMT Current

175,000

19,785

1,775

0

15,000

0

25,000

25,000

257,785

200,000

c ar

P Totals Land Amount Net Depreciable Cost

304,000

200,000

104,000

1,775

1,775 ST ADJ:

304,000