ELECTRONIC FILING MESSAGES

MUST be corrected before electronic filing is allowed.

Name(s)

TWO BROTHERS

FEIN

40-0006012

0012 INFORMATION REQUIRED FOR SCHEDULE B-1 - Schedule B-1 must be completed
on partners owning 50% or more of the Partnership at the end of the
tax year. Go to screen B-1 and complete data for lines 3a or 3b as
required.
1352 MISSING ANSWER: No answer has been provided on the Schedule K-1, Item
M, "Did the partner contribute property with a built-in gain or loss?"
* To answer the question globally for all partners, mark the
appropriate box on the PRNT (Print Options) screen, in the "Item M
on Schedule K-1" section.
* To answer the question for individual partners, select the
appropriate box on the K1 (Schedule K-1 Partner Information)
screen.
If the answer to the question in Item M is "Yes," a statement is
required. To produce the same statement for all partners, use the K1G
screen (Global Supplemental Information for Schedule K-1), and select
"K1M" from the "Select Type" drop list. To produce a statement for an
individual partner, go to that partner's K1 screen, click the
"8805/Item M" tab at the top of the screen, and provide an
explanation.
1501 PIN SCREEN INCOMPLETE: The PIN screen (e-file Signature Authorization)
must be complete to e-file this return.
NOTE: If filing an extension Form 7004, a PIN is not required.
(IRS Business Rule R0000-068.)

NOTES
THESE SHOULD BE CONSIDERED BEFORE FILING
Name

TWO BROTHERS

Employer Identification Number

40-0006012

044 CAPITAL ACCOUNT DISCREPANCIES:

The beginning capital account reported on the Schedule L, line 21,
column b does not balance to the amount reported on the Schedule M-2,
line 1. Use the SCH screen to produce the required statement
reconciling the difference.
OR
The ending capital account reported on the Schedule L, line 21,
column d, does not balance to the amount reported on the Schedule M-2,
line 9. Use the SCH screen to produce the required statement
reconciling the difference.
HINT: The amounts reported on the Schedule M-2 are carried from
the Schedules K-1 for partners' beginning and ending capital
accounts.
NOTE: There may be differences between the capital amounts reported
on the schedule L and the Schedule M-2 due to the accounting basis
used for reporting amounts on the Schedules K-1 and the Schedule L.
Book-to-tax differences are reported on Schedules M-1 or M-3. See Form
1065, Schedule M-2 instructions for more information.
097 INDICATE CAPITAL ACCOUNT ANALYSIS. A check box for Schedule K-1,
Item L (Capital Account Analysis) has not been marked.
Select the method of accounting used to compute the partner's capital
account on the PRNT (Print Options) screen:
* Tax basis - if based on the partnership's income and deductions for
federal tax purposes
* GAAP - if based on generally accepted accounting principles (GAAP)
* 704(b) book - if based on the capital accounting rules under
regulations section 1.704(b)(2)(v)
* Other - if any other method is used to compute the partner's
capital account. Attach a statement describing the method and
showing how the partner's capital account was computed
146 MISSING ENTITY TYPE ON SCHEDULE B. The partnership's entity type must
be entered on Schedule B screen.
303 SCHEDULE L ADJUSTED AUTOMATICALLY. The Beginning and Ending Retained
Earnings - Unappropriated amounts shown on Schedule L, line 21,
columns b and d, were adjusted to make the Schedule L, line 14,
columns b and d, balance to Schedule L, line 22, columns b and d
respectively.
The amount entered on screen L was adjusted by:
Beginning: $ 17903
Ending
: $ 3289

NOTES
THESE SHOULD BE CONSIDERED BEFORE FILING
Name

TWO BROTHERS

Employer Identification Number

40-0006012

HINT: The auto-balance feature for the Schedule L can be turned off
on the PRNT screen by marking "Turn off autobalance."
PERMANENT NOTE: The software produces this note based on information
in the return. It is not necessary to change data entry to eliminate
the note. This note is for informational purposes only.
307 CLASS LIFE INCORRECT FOR METHOD. A depreciation method of ARP requires
a class life of either 31.5 or 39 years. On screen 4562, ARP has been
selected, but the class life entered is incorrect for that method.
Review data entry on this screen and change either the "Method" or the
"Life."
355 BOOK DEPRECIATION. Book accumulated depreciation will be carried
to the Schedule L from the 4562 detail screens. The book depreciation
column on some assets does not include a depreciation method. In these
circumstances, the book accumulated depreciation being carried to the
Schedule L may not be correct.
Review the data entry for the asset, enter a method for calculating
book depreciation (even if the same as the tax method), and correct
the prior depreciation, 179 expense, and bonus depreciation amounts,
even if zero (0), as necessary in the book column.

1065EF

EF Transmission Status

2015

(Keep for your records)

Name(s) as shown on return

EIN number

TWO BROTHERS

40-0006012

The following will be transmitted to the IRS.

1065

7004

Amended

The following state returns will be transmitted:

The following returns have been suppressed or are not eligible and will NOT be transmitted.

GA700

EF Notes

Fed return has MESSAGE PAGE.

1065EF.LD

1065

Form

Department of the Treasury

Internal Revenue Service

U.S. Return of Partnership Income

For calendar year 2015, or tax year beginning

Principal business activity

Principal product or service

SERVICE
C

Business code number

444200

OMB No. 1545-0123

, 20

2015

Information about Form 1065 and its separate instructions is at www.irs.gov/form1065.

Name of partnership

LANDSCAPING
B

, 2015, ending

TWO BROTHERS
Type
or
Print

Employer identification number

40-0006012
E

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

120 HERMANOS ST

Date business started

01-01-2007
F

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

Savannah, GA 31405

Total assets (see the

instructions)

(1)
Initial return (2) X Final return (3)
Name change (4)
Address change (5)
Amended return
(6)
Technical termination - also check (1) or (2)
Check accounting method:
(1)
Cash
(2)
Accrual
(3)
Other (specify)
Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year
2
Check if Schedules C and M-3 are attached
.................................................

Check applicable boxes:

H
I
J

Deductions

(see the instructions for limitations)

Income

Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
1a
b
c
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16 a
b
17
18
19
20
21
22

Sign
Here

Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a

885,000
Returns and allowances
. . . . . . . . . . . . . . . . . . . . . . . . . . 1b
30,270
Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c
Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Ordinary income (loss) from other partnerships, estates, and trusts (attach statement)
........... 4
Net farm profit (loss) (attach Schedule F (Form 1040))
.......................... 5
Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797)
.................... 6
Other income (loss) (attach statement)
.................................. 7
Total income (loss). Combine lines 3 through 7
............................. 8
Salaries and wages (other than to partners) (less employment credits)
................... 9
Guaranteed payments to partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Repairs and maintenance
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Taxes and licenses
.................................
...
. . . . . . . 14
See
ATT_PTL
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Depreciation (if required, attach Form 4562)
. . . . . . . . . . . . . . . . 16a
3,131
Less depreciation reported on Form 1125-A and elsewhere on return
. . . . 16b
16c
Depletion (Do not deduct oil and gas depletion.)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Retirement plans, etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Employee benefit programs
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Other deductions (attach statement)
.........................
. . . . . . .#4
. . . 20
Statement
Total deductions. Add the amounts shown in the far right column for lines 9 through 20
. . . . . . . . . . 21
Ordinary business income (loss). Subtract line 21 from line 8
. . . . . . . . . . . . . . . . . . . . . . 22

11,000
36,000
17,000
3,131
4,000
6,000
59,350
190,481
142,049

Print/Type preparer's name

Preparer's signature

JEAN R EXILUS MSAC AF

Firm's name
EATS LLC
Firm's address
1139 E JERSEY STREET SUITE 209
Elizabeth, NJ 07201

For Paperwork Reduction Act Notice, see separate instructions.

EEA

332,530
54,000

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 general partner or limited liability company member manager)
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
Signature of general partner or limited liability company member manager

Paid
Preparer
Use Only

854,730
522,200
332,530

Date
Date
Check X if
PTIN
07-25-2016 self-employed P00880171
Firm's EIN
27-0579052

Phone no.

(908)737-7630
Form 1065 (2015)

Form 1065 (2015)

Schedule B
1
a
c
e
2

3
a

4
a

TWO BROTHERS

6
a
b
c
d

7
8
9
10

EEA

(ii) Employer Identification

Number (if any)

(iii) Country of
Incorporation

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

Page 2

What type of entity is filing this return? Check the applicable box:
Yes No
Domestic general partnership
b
Domestic limited partnership
Domestic limited liability company
d
Domestic limited liability partnership
Foreign partnership
f
Other
At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including
an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner),
or a nominee or similar person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
At the end of the tax year:
Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or taxexempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit,
loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes, attach Schedule
B-1, Information on Partners Owning 50% or More of the Partnership
.............................
X
Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of
the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information
on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
X
At the end of the tax year, did the partnership:
Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of
stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see
instructions. If "Yes," complete (i) through (iv) below
......................................
X
(i) Name of Corporation

40-0006012

Other Information

(ii) Employer
Identification
Number (if any)

(iii) Type of
Entity

(iv) Percentage
Owned in Voting Stock

.........

(iv) Country of
Organization

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

Yes No
Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under
section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for
more details
.........................................................
Does the partnership satisfy all four of the following conditions?
The partnership's total receipts for the tax year were less than $250,000.
The partnership's total assets at the end of the tax year were less than $1 million.
Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including
extensions) for the partnership return.
The partnership is not filing and is not required to file Schedule M-3
..............................
X
If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065;
or Item L on Schedule K-1.
Is this partnership a publicly traded partnership as defined in section 469(k)(2)?
........................
During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms
modified so as to reduce the principal amount of the debt?
...................................
Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide
information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
At any time during calendar year 2015, did the partnership have an interest in or a signature or other authority over a financial
account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for
exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes,"
enter the name of the foreign country.
Form 1065 (2015)

TWO BROTHERS

Form 1065 (2015)

Schedule B

40-0006012

Page 3

Other Information (continued)

Yes

No

11

At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or
transferor to, a foreign trust? If "Yes," the partnership may have to file Form 3520, Annual Return To Report
Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions
.....................
12a
Is the partnership making, or had it previously made (and not revoked), a section 754 election?
..................
See instructions for details regarding a section 754 election.
b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes,"
attach a statement showing the computation and allocation of the basis adjustment. See instructions
...............
c
Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a
substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section
734(d))? If "Yes," attach a statement showing the computation and allocation of the basis adjustment. See instructions
......
13
Check this box if, during the current or prior tax year, the partnership distributed any property received in a
like-kind exchange or contributed such property to another entity (other than disregarded entities wholly
owned by the partnership throughout the tax year)
..................................
14
At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other
undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign
Disregarded Entities, enter the number of Forms 8858 attached. See instructions
16
Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's
Information Statement of Section 1446 Withholding Tax, filed for this partnership.
17
Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached
to this return.
0
18a
Did you make any payments in 2015 that would require you to file Form(s) 1099? See instructions
................
b If "Yes," did you or will you file required Form(s) 1099?
.....................................
19
Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign
Corporations, attached to this return.
20
Enter the number of partners that are foreign governments under section 892.
Designation of Tax Matters Partner (see instructions)
Enter below the general partner or member-manager designated as the tax matters partner (TMP) for the tax year of this return:
Name of
designated
TMP

BIG BROTHER

If the TMP is an
entity, name
of TMP representative

Address of
designated
TMP

EEA

Identifying
number of TMP

400-00-0590

Phone number
of TMP

(828)524-8020

841 FIRST BORN LANE

Savannah, GA 31404
Form 1065 (2015)

Form 1065 (2015)

Other Information

Alternative
Minimum Tax
(AMT) Items

Foreign Transactions

Credits

SelfEmployment

Deductions

Income (Loss)

Schedule K

EEA

1
2
3a
b
c
4
5
6
7
8
9a
b
c
10
11
12
13 a
b
c
d
14 a
b
c
15 a
b
c
d
e
f
16 a
b
c
d
g
i
l
m
n
17 a
b
c
d
e
f
18 a
b
c
19 a
b
20 a
b
c

TWO BROTHERS

40-0006012

Partners' Distributive Share Items

Ordinary business income (loss) (page 1, line 22) . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . .
Guaranteed payments
.....................................
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends:
a Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Qualified dividends . . . . . . . . . . . . . . . . .
6b
1,500
Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net short-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . .
Net long-term capital gain (loss) (attach Schedule D (Form 1065))
................
Collectibles (28%) gain (loss) . . . . . . . . . . . . . . . . . . . .
9b
Unrecaptured section 1250 gain (attach statement)
.........
9c
Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (loss) (see instructions) Type
Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment interest expense
..................................
Section 59(e)(2) expenditures: (1) Type
(2) Amount
Other deductions (see instructions) Type
Net earnings (loss) from self-employment
............................
Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross nonfarm income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Low-income housing credit (other)
...............................
Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . .
Other rental real estate credits (see instructions)
Type
Other rental credits (see instructions)
Type
Other credits (see instructions)
Type
Name of country or U.S. possession
Gross income from all sources
.................................
Gross income sourced at partner level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign gross income sourced at partnership level
Passive category
e General category
f Other
Deductions allocated and apportioned at partner level
Interest expense
h Other . . . . . . . . . . . . . .
Deductions allocated and apportioned at partnership level to foreign source income
Passive category
j General category
k Other
Total foreign taxes (check one):
Paid
Accrued
....................
Reduction in taxes available for credit (attach statement)
.....................
Other foreign tax information (attach statement)
.........................
Post-1986 depreciation adjustment
...............................
Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depletion (other than oil and gas)
................................
Oil, gas, and geothermal properties - gross income . . . . . . . . . . . . . . . . . . . . . . . .
Oil, gas, and geothermal properties - deductions . . . . . . . . . . . . . . . . . . . . . . . . .
Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nondeductible expenses
....................................
Distributions of cash and marketable securities
.........................
Distributions of other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment income
.......................................
Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other items and amounts (attach statement)
...........................

Page 4

Total amount
1
2

3c
4
5
6a

142,049

3,500

7
8
9a

10
11
12
13a
13b
13c(2)

13d
14a
14b
14c
15a
15b
15c
15d
15e
15f

142,049
332,530

16b
16c
16f
16h
16k
16l
16m
17a
17b
17c
17d
17e
17f
18a
18b
18c
19a
19b
20a
20b

(900)

3,500
Form 1065 (2015)

TWO BROTHERS

Form 1065 (2015)

40-0006012

Page 5

Analysis of Net Income (Loss)

1

Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of
Schedule K, lines 12 through 13d, and 16l
................................... 1
Analysis by
(ii) Individual
(iii) Individual
(v) Exempt
(i) Corporate
(iv) Partnership
(active)
(passive)
Organization
partner type:

...
145,549
...
Balance Sheets per Books

145,549
(vi)
Nominee/Other

a General partners
b Limited partners

Schedule L

Assets
1
2a
b
3
4
5
6
7a
b
8
9a
b
10 a
b
11
12 a
b
13
14
15
16
17
18
19 a
b
20
21
22

Cash
........................
Trade notes and accounts receivable
.........
Less allowance for bad debts
.............
Inventories . . . . . . . . . . . . . . . . . . . . . .
U.S. government obligations
.............
Tax-exempt securities
................
Other current assets (attach statement)
........
Loans to partners (or persons related to partners) . . . .
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 Capital
Accounts payable . . . . . . . . . . . . . . . . . . .
Mortgages, notes, bonds payable in less than 1 year . . .
Other current liabilities (attach statement) . . . . . . . .
All nonrecourse loans . . . . . . . . . . . . . . . . .
Loans from partners (or persons related to partners)
..
Mortgages, notes, bonds payable in 1 year or more . . .
Other liabilities (attach statement) . . . . . . . . . . . .
Partners' capital accounts . . . . . . . . . . . . . . .
Total liabilities and capital . . . . . . . . . . . . . . .

Schedule M-1

Beginning of tax year

(a)
(b)

End of tax year

(c)

146,923
198,000
1,000

197,000
153,400

205,000
1,000

100,000

317,000
211,820

105,180

(d)

154,400
204,000
147,600
100,000

317,000
214,951

102,049

702,503

708,049

112,000
8,000

121,000
8,000

5,800

5,800

92,000

86,000

484,703
702,503

487,249
708,049

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

Note. The partnership may be required to file Schedule M-3 (see instructions).
Net income (loss) per books
..........
145,549 6 Income recorded on books this year not included
Income included on Schedule K, lines 1, 2, 3c,
on Schedule K, lines 1 through 11 (itemize):
5, 6a, 7, 8, 9a, 10, and 11, not recorded on
a Tax-exempt interest $
books this year (itemize):
3
Guaranteed payments (other than
7 Deductions included on Schedule K, lines
health insurance) . . . . . . . . . . . . . . . .
1 through 13d, and 16I, not charged
4
Expenses recorded on books this year
against book income this year (itemize):
not included on Schedule K, lines 1
a Depreciation $
through 13d, and 16l (itemize):
a Depreciation $
b Travel and entertainment $
8 Add lines 6 and 7
...............
9 Income (loss) (Analysis of Net Income
5
Add lines 1 through 4
.............
(Loss), line 1). Subtract line 8 from line 5
....
145,549
1
2

1
2
3
4
5
EEA

Analysis of Partners' Capital Accounts

Balance at beginning of year
..........
466,800
Capital contributed: a Cash
..........
b Property
........
Net income (loss) per books
..........
145,549

145,549

Schedule M-2

a Cash . . . . . . . . . . . . .
b Property . . . . . . . . . . .
7 Other decreases (itemize):
6 Distributions:

Other increases (itemize):

Add lines 1 through 4

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

612,349

8 Add lines 6 and 7

...............
9 Balance at end of year. Subtract line 8 from line 5

612,349
Form 1065 (2015)

Form

1125-A

(Rev. December 2012)

Department of the Treasury
Internal Revenue Service

Cost of Goods Sold

Name

Employer identification number

TWO BROTHERS
1
2
3
4
5
6
7
8
9a

b
c
d
e
f

40-0006012

Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
153,400
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
339,400
Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
143,000
Additional section 263A costs (attach schedule)
...........................
4
Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .#9
..
5
Statement
34,000
Total. Add lines 1 through 5
....................................
6
669,800
Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
147,600
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
522,200
Check all methods used for valuing closing inventory:
(i) X 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

For Paperwork Reduction Act Notice, see instructions

EEA

OMB No. 1545-2225

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.

Form 1125-A (Rev. 12-2015)

651113
X

2015

Schedule K-1
(Form 1065)

Part III

For calendar year 2015, or tax

year beginning

Department of the Treasury

Internal Revenue Service

, 2015

ending

Amended K-1

OMB No. 1545-0123

Partner's Share of Current Year Income,

Deductions, Credits, and Other Items

Ordinary business income (loss)

15

Credits

16

Foreign transactions

17

Alternative minimum tax (AMT) items

71,025

, 20

Partner's Share of Income, Deductions,

Credits, etc.
See page 2 of form and separate instructions.
Part I

Final K-1

Net rental real estate income (loss)

Other net rental income (loss)

Guaranteed payments

Interest income

6a

Ordinary dividends

6b

Qualified dividends

Royalties

Net short-term capital gain (loss)

9a

Net long-term capital gain (loss)

Information About the Partnership

Partnership's employer identification number

40-0006012
B

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

TWO BROTHERS
120 HERMANOS ST
Savannah, GA 31405
C

1,750
750

IRS Center where partnership filed return

Cincinnati
D

Check if this is a publicly traded partnership (PTP)

Part II
E

Information About the Partner

Partner's identifying number

400-00-0590
F

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

BIG BROTHER
841 FIRST BORN LANE
Savannah, GA 31404
G

General partner or LLC

member-manager

Limited partner or other LLC

member

Domestic partner

Foreign partner

I1
I2

What type of entity is this partner?

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

(450)

18

Tax-exempt income and

nondeductible expenses

19

Distributions

20

Other information

INDIVIDUAL

If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

..............................
Partner's share of profit, loss, and capital (see instructions):
Beginning

50.0000000
50.0000000
50.0000000

Profit
Loss
Capital

Ending

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

Qualified nonrecourse financing

Recourse

$
$
$

14

71,025
166,265

* STMT

*See attached statement for additional information.

......
Capital contributed during the year
..
Current year increase (decrease)
...
Withdrawals & distributions
.....
Ending capital account
.......
Tax basis

Self-employment earnings (loss)

A
C

Partner's capital account analysis:

Beginning capital account

GAAP

$
$
$
$
$

233,400
72,775
)

306,175
Section 704(b) book

Other (explain)

%
%
%

Partner's share of liabilities at year end:

Nonrecourse

50.0000000
50.0000000
50.0000000

%
%
%

For IRS Use Only

Did the partner contribute property with a built-in gain or loss?

Yes

No

If "Yes," attach statement (see instructions)

For Paperwork Reduction Act Notice, see Instructions for Form 1065.
EEA

IRS.gov/form1065

Schedule K-1 (Form 1065) 2015

Schedule K-1 Supplemental Information

Partner's name

BIG BROTHER

Partnership EIN

TWO BROTHERS

40-0006012
Line 20 - Other Information
___________________________

Code ___________
____
Description
A
Investment income

EEA

PG01

400-00-0590

Name of Partnership

1065K_1.LD2

2015

Partner's ID Number

Statement #99

Amount
______
1,750

651113
X

2015

Schedule K-1
(Form 1065)

Part III

For calendar year 2015, or tax

year beginning

Department of the Treasury

Internal Revenue Service

, 2015

ending

Amended K-1

OMB No. 1545-0123

Partner's Share of Current Year Income,

Deductions, Credits, and Other Items

Ordinary business income (loss)

15

Credits

16

Foreign transactions

17

Alternative minimum tax (AMT) items

71,024

, 20

Partner's Share of Income, Deductions,

Credits, etc.
See page 2 of form and separate instructions.
Part I

Final K-1

Net rental real estate income (loss)

Other net rental income (loss)

Guaranteed payments

Interest income

6a

Ordinary dividends

6b

Qualified dividends

Royalties

Net short-term capital gain (loss)

9a

Net long-term capital gain (loss)

Information About the Partnership

Partnership's employer identification number

40-0006012
B

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

TWO BROTHERS
120 HERMANOS ST
Savannah, GA 31405
C

1,750
750

IRS Center where partnership filed return

Cincinnati
D

Check if this is a publicly traded partnership (PTP)

Part II
E

Information About the Partner

Partner's identifying number

400-00-0580
F

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

LITTLE BROTHER
314 SIBLING CIRCLE
Savannah, GA 31408
G

General partner or LLC

member-manager

Limited partner or other LLC

member

Domestic partner

Foreign partner

I1
I2

What type of entity is this partner?

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

(450)

18

Tax-exempt income and

nondeductible expenses

19

Distributions

20

Other information

INDIVIDUAL

If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

..............................
Partner's share of profit, loss, and capital (see instructions):
Beginning

50.0000000
50.0000000
50.0000000

Profit
Loss
Capital

Ending

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

Qualified nonrecourse financing

Recourse

$
$
$

14

71,024
166,265

* STMT

*See attached statement for additional information.

......
Capital contributed during the year
..
Current year increase (decrease)
...
Withdrawals & distributions
.....
Ending capital account
.......
Tax basis

Self-employment earnings (loss)

A
C

Partner's capital account analysis:

Beginning capital account

GAAP

$
$
$
$
$

233,400
72,774
)

306,174
Section 704(b) book

Other (explain)

%
%
%

Partner's share of liabilities at year end:

Nonrecourse

50.0000000
50.0000000
50.0000000

%
%
%

For IRS Use Only

Did the partner contribute property with a built-in gain or loss?

Yes

No

If "Yes," attach statement (see instructions)

For Paperwork Reduction Act Notice, see Instructions for Form 1065.
EEA

IRS.gov/form1065

Schedule K-1 (Form 1065) 2015

Schedule K-1 Supplemental Information

Partner's name

LITTLE BROTHER

Partnership EIN

TWO BROTHERS

40-0006012
Line 20 - Other Information
___________________________

Code ___________
____
Description
A
Investment income

EEA

PG01

400-00-0580

Name of Partnership

1065K_1.LD2

2015

Partner's ID Number

Statement #99

Amount
______
1,750

Capital Account Reconciliation

2015
Page 1

(Keep for your records)

Partnership Name

EIN

TWO BROTHERS

40-0006012

Partner Name

Beginning
Capital
Account

Capital
Contributed
During Year

Partner's Share
of Lines 3, 4 and 7
Form 1065, Sch M-2

Withdrawals
and
Distributions

Ending
Capital
Account

BIG BROTHER
LITTLE BROTHER

233,400
____________
233,400

____________

72,775
____________
72,774

____________

306,175
____________
306,174

TOTALS

____________
466,800
____________

____________
____________

____________
145,549
____________

____________
____________

____________
612,349

WK_PCAR.LD

Form

Depreciation and Amortization

4562

Department of the Treasury

Internal Revenue Service (99)

Attach to your tax return.

Information about Form 4562 and its separate instructions is at www.irs.gov/form4562.

Name(s) shown on return

Business or activity to which this form relates

TWO BROTHERS
Part I
1
2
3
4
5
6

OMB No. 1545-0172

(Including Information on Listed Property)

2015
Attachment
Sequence No.

179

Identifying number

FORM 1065

40-0006012

Election To Expense Certain Property Under Section 179

Note: If you have any listed property, complete Part V before you complete Part I.
Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . .
Threshold cost of section 179 property before reduction in limitation (see instructions)
..........
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0...............
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a) Description of property

(b) Cost (business use only)

1
2
3
4
5

(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 2014 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 do not enter more than line 11
.........
12
13
Carryover of disallowed deduction to 2016. Add lines 9 and 10, less line 12
13
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.
Part II
Special Depreciation Allowance and Other Depreciation (Do not 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
15
Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16
Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Part III
MACRS Depreciation (Do not include listed property.) (See instructions.)
Section A
17
MACRS deductions for assets placed in service in tax years beginning before 2015
...........
17
3,131
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 2015 Tax Year Using the General Depreciation System
(a) Classification of property

(b) Month and year

placed in
service

(c) Basis for depreciation

(business/investment use
only-see instructions)

(d) Recovery
period

(e) Convention

(f) Method

(g) Depreciation deduction

19a
b
c
d
e
f
g
h

3-year property
5-year property
7-year property
10-year property
15-year property
20-year property
25-year property
25 yrs.
S/L
Residential rental
27.5 yrs.
MM
S/L
property
27.5 yrs.
MM
S/L
i Nonresidential real
39 yrs.
MM
S/L
property
MM
S/L
Section C - Assets Placed in Service During 2015 Tax Year Using the Alternative Depreciation System
20a Class life
S/L
b 12-year
12 yrs.
S/L
c 40-year
40 yrs.
MM
S/L
Part IV
Summary (See instructions.)
21
Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22
Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter
here and on the appropriate lines of your return. Partnerships and S corporations - see instructions
..
22
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.
EEA

3,131
Form 4562 (2015)

Federal Supporting Statements

Name(s) as shown on return

2015

PG01

FEIN

TWO BROTHERS

40-0006012
Form 1065 - Line 20 - Other Deductions

Statement #4

Description
ADVERTISING
ACCOUNTING
BUILDING
LIABILITY INSURANCE
WORKERS COMPENSATION INSURANCE
JANITORIAL
LEGAL SERVICE
UTILITIES
TELEPHONE
SUPPLIES
POSTAGE
OFFICE EXPENSE

Amount
2,500
2,700
6,500
4,000
7,200
11,250
6,000
8,400
1,000
6,500
2,000
____________
1,300

Total

____________
59,350
____________

Form 1065 - Schedule A - Line 5

PG01
Statement #9

Description
MISC
PROFESSIONAL FEES
UTILITIES
WAREHOUSING

Amount
5,000
6,000
16,000
____________
7,000

Total

____________
34,000
____________

STATMENT.LD

Taxes and Licenses Attachment

2015

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

EIN

TWO BROTHERS
Taxes and Licenses

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

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
Licenses

13 Total to Form 1065, Page 1, Line 14

ATT_PTL.LD

40-0006012
Form 1065

Page 1, Line 14

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

7,000
8,000

2,000
17,000

WK_PCOMP~.LD

k1 Ordinary business income (loss

k6a Ordinary dividends. . . . . .
k6b Qualified dividends. . . . .
k14a Net Earnings From Self-Emplo
k14c Gross Non-Farm Income. . . .
k17a Post - 1986 depreciation adj

Description

_________
_________
_________
_________
_________
_________

_________
_________
_________
_________
_________
_________

_________
_________
_________
_________
_________
_________

Total
_________
142,049
_________
3,500
_________
1,500
_________
142,049
_________
332,530
_________
(900)

40-0006012
***-**-0590
***-**-0580
BIG BROTHER
LITTLE BROTHER
_________
71,025 _________
71,024 _________
_________
1,750 _________
1,750 _________
_________
750 _________
750 _________
_________
71,025 _________
71,024 _________
_________
166,265 _________
166,265 _________
_________
(450) _________
(450) _________

EIN

2015

PARTNERSHIP NAME

(Keep for your records)

K-K1 Comparison Worksheet

TWO BROTHERS

Form 1065

Worksheet for Figuring Net Earnings (Loss)

From Self-Employment

2015

(Keep for your records)

Name(s) as shown on return

Identifying Number

TWO BROTHERS

40-0006012

1a
b
c
d
e
2
3a
b
c
4a
b
c
5

Ordinary business income (loss) (Schedule K, line 1) . . . . . . . . . . . . . .

1a
142,049
Net income (loss) from certain rental real estate activities (see instructions)
. . . 1b
Other net rental income (loss) (Schedule K, line 3c) . . . . . . . . . . . . . . .
1c
Net loss from Form 4797, Part II, line 17, included on line 1a above. Enter as a
positive amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Combine lines 1a through 1d . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
142,049
Net gain from Form 4797, Part II, line 17, included on line 1a above . . . . . . .
2
Subtract line 2 from line 1e. If line 1e is a loss, increase the loss on line 1e by the
amount on line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3a
142,049
Part of line 3a allocated to limited partners, estates, trusts, corporations, exempt
organizations, and IRAs . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3b
Subtract line 3b from line 3a. If line 3a is a loss, reduce the loss on line 3a by the amount on line 3b. Include
each individual general partner's share in box 14 of Schedule K-1, using code A
...............
Guaranteed payments to partners (Schedule K, line 4) derived from a trade or
business as defined in section 1402(c) (see instructions)
. . . . . . . . . . . . 4a
Part of line 4a allocated to individual limited partners for other than services and
to estates, trusts, corporations, exempt organizations, and IRAs . . . . . . . . .
4b
Subtract line 4b from line 4a. Include each individual general partner's share and each individual limited
partner's share in box 14 of Schedule K-1, using code A
...........................
Net earnings (loss) from self-employment. Combine lines 3c and 4c. Enter here and on Schedule K, line 14a
.

WK_SE.LD

3c

142,049

4c
5

142,049

Date

Cost

ASSET 5

09152010

05152003
25,000

125,000

65,000

317,000

ASSET 4

11222005

35,000

67,000

317,000

ASSET 3

05152010

06152006

Land Amount
Net Depreciable Cost

ASSET 2

Totals

ASSET 1

Description

No.

Salvage

100.00

100.00

100.00

100.00

100.00

179

percentage

Life

304,500

12,500 7

125,000 7

65,000 7

35,000 5

67,000 5

Basis

Depreciation

200 DB HY

200 DB HY

Method

Rate

Current

Accumulated

8.92

5.76

3,131

1,115

2,016

depr.

214,951

20,015

38,460

65,000

24,476

67,000

Depreciation

expense

Prior

PY

ST ADJ:

PAGE

AMT

(1,115)

4,031

1,115

2,916

Current

2015

12,500

depreciation

Bonus

40-0006012
Section

Business

Social security number/EIN

TWO BROTHERS

For your records only

FORM 1065

Depreciation Detail Listing

Name(s) as shown on return

* Item was disposed

of during current year.

ASSET 5

09152010

05152003
25,000

125,000

65,000

317,000

ASSET 4

11222005

35,000

67,000

317,000

ASSET 3

05152010

06152006

Cost

Land Amount
Net Depreciable Cost

ASSET 2

Date

Totals

ASSET 1

Description

No.

Salvage

100.00

100.00

100.00

100.00

100.00

179

percentage

Life

317,000

25,000 7

125,000 7

65,000 7

35,000 5

67,000 5

Basis

Depreciation

200 DB HY

200 DB HY

Method

Rate

Current

Accumulated

8.92

5.76

4,246

2,230

2,016

depr.

203,566

8,630

38,460

65,000

24,476

67,000

Depreciation

expense

Prior

ST ADJ:

depreciation

Bonus

40-0006012
Section

TWO BROTHERS
Business

Social security number/EIN

Name(s) as shown on return

For your records only

STATE FORM 1065

Depreciation Detail Listing

PAGE

AMT
Current

2015

Date

Cost

ASSET 5

09152010

05152003
25,000

125,000

65,000

317,000

ASSET 4

11222005

35,000

67,000

317,000

ASSET 3

05152010

06152006

Land Amount
Net Depreciable Cost

ASSET 2

Totals

ASSET 1

Description

No.

Salvage

100.00

100.00

100.00

100.00

100.00

179

percentage

Life

317,000

25,000 7

125,000 7

65,000 7

35,000 5

67,000 5

Basis

Depreciation

200 DBHY

200 DBHY

Method

Rate

Current

Accumulated

8.92

5.76

3,131

1,115

2,016

depr.

214,951

20,015

38,460

65,000

24,476

67,000

Depreciation

expense

Prior

PY

ST ADJ:

PAGE

AMT
Current

2015

12,500

depreciation

Bonus

40-0006012
Section

Business

Social security number/EIN

TWO BROTHERS

For your records only

BOOK FOR FORM 1065

Depreciation Detail Listing

Name(s) as shown on return

* Item was disposed

of during current year.

FOR TAX YEAR 2015

TWO BROTHERS

EATS LLC
1139 E JERSEY STREET SUITE 209
Elizabeth, NJ 07201
(908)737-7630

Federal Filing Instructions

2015
Your Social Security Number

Name(s) as shown on return

TWO BROTHERS

40-0006012

Date to file by:

04-18-2016

Form to be filed:

Form 1065 and supplemental forms and schedules

Sign and date:

A general partner or managing member must sign and

date the return on the bottom of page 1.

Address to file:

Department of the Treasury

Internal Revenue Service
Cincinnati, OH 45999-0011

FILEINST.LD

Partnership
Diagnostic Summary

1065

2015

Name

Employer Identification #

TWO BROTHERS

40-0006012

Demographics
Mailing Address:

Resident State:

120 HERMANOS ST
Savannah, GA 31405

Phone:

(828)524-8020

GA

Diagnostics
Preparer: JEAN

R EXILUS MSA

Invoice:

Date:

07-25-2016

Return Information
2015
Federal

Item on Return

2014 Federal
(If available)

Total Assets
Number of Partners
Gross Receipts/Sales
Total Income
Total Deductions
Ordinary Income
Total Equity

2
885,000
332,530
190,481
142,049
487,249

State/City Information

State/City

GA700

Gross
Income

145,549

Taxable
Income

144,434

Composite
Tax

Other Tax

Refund/
(Balance Due)

1065 TAX RETURN COMPARISON

2013 / 2014 / 2015

2015

Name(s) as shown on return

Identifying number

TWO BROTHERS

40-0006012

Income
Net receipts
.............
Cost of goods sold . . . . . . . . . . .
Gross profit . . . . . . . . . . . . . .
Ordinary income (loss) from other
partnerships, estates, trusts . . . . . . .
Net farm profit (loss) . . . . . . . . . .
Net gain/loss from 4797 . . . . . . . . .
Other income . . . . . . . . . . . . . .
Total income . . . . . . . . . . . . .
Deductions
Salaries and wages . . . . . . . . . . .
Guaranteed payments to partners . . . .
Repairs and maintenance . . . . . . . .
Bad debts . . . . . . . . . . . . . . .
Rents . . . . . . . . . . . . . . . . .
Taxes and licenses . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . .
Depreciation from Form 4562 . . . . .
Depreciation claimed elsewhere . . .
Net depreciation . . . . . . . . . . . .
Depletion . . . . . . . . . . . . . . . .
Pension, profit-sharing . . . . . . . . .
Employee benefits . . . . . . . . . . .
Other deductions . . . . . . . . . . .
Total deductions . . . . . . . . . . .

2013
FEDERAL

2014
FEDERAL

Ordinary business income(loss) . . . .

SCHEDULE K - Partner's Share Items
Income
Ordinary business income (loss) . . . .
Net rental real estate income (loss) . . .
Other net rental income (loss) . . . . . .
Guaranteed Payments . . . . . . . . .
Interest income . . . . . . . . . . . . .
Ordinary dividends . . . . . . . . . . .
Qualified dividends . . . . . . . . . . .
Royalties . . . . . . . . . . . . . . . .
Net short-term capital gain (loss) . . . .
Net long-term capital gain (loss) . . . . .
Collectibles (28%) gain (loss) . . . . . .
Unrecaptured section 1250 gain . . . . .
Net section 1231 gain (loss) . . . . . . .
Other income (loss) . . . . . . . . . . .
Deductions
Section 179 deduction . . . . . . . . .
Contributions . . . . . . . . . . . . . .
Investment interest expense . . . . . .
Section 59(e)(2) expenditures . . . . .
Other deductions . . . . . . . . . . .

2013
COMPAREP.LD

2014

2015
FEDERAL

DIFFERENCE
BETWEEN 2014 & 2015

854,730
522,200
332,530

854,730
522,200
332,530

332,530

332,530

54,000

54,000

11,000

11,000

36,000
17,000

36,000
17,000

3,131

3,131

3,131

3,131

4,000
6,000
59,350
190,481

4,000
6,000
59,350
190,481

142,049

142,049

142,049

142,049

3,500
1,500

3,500
1,500

2015

DIFFERENCE

1065 TAX RETURN COMPARISON

2013/ 2014 / 2015

2015

Name(s) as shown on return

Page 2
Identifying number

TWO BROTHERS

40-0006012

Self-Employment
Net earnings (loss) from self-employment
Gross farming or fishing income . . . . .
Gross nonfarm income . . . . . . . . .
Credits
Low-income housing credit (section
42(j)(5)) . . . . . . . . . . . . . . . .
Low-income housing credit (other) . . .
Qualified rehabilitation expenditures
(rental real estate) . . . . . . . . . . .
Other rental real estate credits . . . . .
Other rental credits . . . . . . . . . . .
Other credits . . . . . . . . . . . . . .
Foreign Transactions
Gross income from all sources . . . . .
Gross income sourced at partner level .

2013
FEDERAL

2014
FEDERAL

2015
FEDERAL

DIFFERENCE
BETWEEN 2014 & 2015

142,049

142,049

332,530

332,530

Foreign gross income sourced at partnership

Passive . . . . . . . . . . . . . . . .
General categories . . . . . . . . . . .
Other limitation . . . . . . . . . . . . .
Deductions allocated and apportioned at partner
level

Interest expense . . . . . . . . . . . .
Other . . . . . . . . . . . . . . . . . .
Ded allocated / apportioned at ptr level to
foreign source inc.

Passive. . . . . . . . . . . . . . . . .
General categories . . . . . . . . . . .
Other limitation . . . . . . . . . . . . .
Total foreign taxes paid or accrued . . .
Reduction in taxes available for credit . .
Alternative Minimum Tax (AMT) items
Post-1986 depreciation adjustment. . . .
Adjusted gain or loss . . . . . . . . . .
Depletion . . . . . . . . . . . . . . . .

(900)

(900)

Oil, gas, and geothermal properties - gross income

Oil, gas, and geothermal properties - deductions

Other AMT items . . . . . . . . . . . .

Other information
Tax-exempt interest income . . . . . . .
Other tax-exempt income . . . . . . . .
Nondeductible expenses . . . . . . . .
Distribution of cash and marketable securities

Distributions of other property . . . . . .

Investment income . . . . . . . . . . .
Investment expenses . . . . . . . . . .

RESIDENT STATE
Taxable income . . . . . . . . . . . . .
Total tax . . . . . . . . . . . . . . . .
Overpayment . . . . . . . . . . . . . .
Balance due . . . . . . . . . . . . . .

2013
COMPAREP.LD2

2014

3,500

3,500

GA
144,434

144,434

2015

DIFFERENCE

GA-MSG
GA

GA ELECTRONIC FILING MESSAGES

MUST be corrected before electronic filing is allowed.

Name(s)

TWO BROTHERS

PAGE 1
Social Security Number

40-0006012

0111 GA Electronic Filing Not allowed - A Federal messages page was

produced, therefore disallowing the state to be transmitted
either as a piggy back or state only file.
0113 GA Electronic Filing NOT allowed:
Location of records address must be entered.
9055 The federal PIN screen is required on all returns.

GA-MSG.LD

GAINST

Filing Instructions

2015

Name(s) as shown on return

SSN or EIN

TWO BROTHERS

40-0006012

DATE TO FILE BY:

04-18-2016

FORM TO BE FILED:

GA700 AND SUPPLEMENTAL FORMS AND SCHEDULES

SIGN AND DATE:

A PARTNER MUST SIGN AND DATE THE RETURN AT THE

BOTTOM OF FORM GA700 PAGE 1.

REFUND:

$0.00

ADDRESS TO FILE:

GEORGIA DEPARTMENT OF REVENUE

PROCESSING CENTER
PO BOX 740315
ATLANTA, GA 30374-0315

OTHER INSTRUCTIONS: ATTACH A COMPLETE COPY OF THE FEDERAL RETURN.

GAINST.LD

Page 1
Georgia Form 700 (Rev. 08/07/15)
Partnership Tax Return

1601702613

2015 Income Tax Return

Beginning
Ending
01-01-15
Original Return
Amended Return

12-31-15
X Final Return

Name Change

A. Federal Employer Id. No.

B. Name

40-0006012

TWO BROTHERS

Address Change

C. Location of Books for Audit (City) & (State)

D. GA. Withholding Tax Numbers

E. Number and Street
Payroll WH Number Nonresident WH Number

F. Country

G. Telephone Number

120 HERMANOS ST
H. GA. Sales Tax Reg. No.

I. City or Town

J. State

GA

R. NAICS Code

S. Kind of Business

444200

LANDSCAPING

P. Zip Code

Q. If no return was filed last year, state the reason why

T. Date began doing

business in GA

U. Basis of this return

(

W. Number of Partners X. Do you have Nonresident

Partners?
( ) Yes or ( X ) No
2

COMPUTATION OF GEORGIA NET INCOME

1. Total Income for Georgia purposes (Line 12, Schedule 8)

) CASH (

(ROUND TO NEAREST DOLLAR)

1.

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

3.

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

4.

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

5.

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

6.

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

7.

3. Business income subject to apportionment (Line 1 less Line 2)

5. Net business income apportioned to Georgia (Line 3 x Line 4)

7. Total Georgia net income (Add Line 5 and Line 6)

) OTHER

Z. Amount of Nonresident
Withholding paid for tax year

SCHEDULE 1

144434

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

2.

6. Net income allocated to Georgia (Attach Schedule)

) ACCRUAL (

Y. Number of Nonresident
Partners

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

2. Income allocated everywhere (Attach Schedule)

4. Georgia ratio (Schedule 7, Column C)

K. Zip Code

31405

M. Number and Street (if different from last year's return)

O. State

V. Indicate latest taxable year

adjusted by the IRS

828-524-8020

SAVANNAH
L. Name (if different from last year's return)

N. City

Composite Return Filed

144434

144434

144434

Copy of the Federal Return and supporting Schedules must be attached. Otherwise this return shall be deemed incomplete.
DECLARATION
I/We declare under the penalties of perjury that I/we have examined this return (including accompanying schedules and statements) and to the best of my/our knowledge and
belief, it is true, correct, and complete. If prepared by a person other than the taxpayer, this declaration is based on all information of which the preparer has knowledge.
Georgia Public Revenue Code Section 48-2-31 stipulates that taxes shall be paid in lawful money of the United States, free of any expense to the State of Georgia.

MAIL TO: Georgia Department of Revenue, Processing Center, P.O. Box 740315, Atlanta, Georgia 30374-0315
Signature of Partner (Must be signed by partner)

Signature of Preparer other than partner

I authorize the Georgia Department of Revenue to electronically notify me at the below e-mail address regarding any updates to my account(s).

EATS LLC
Email Address

07-25-2016
Date

Preparer's Firm Name

P00880171
Preparer's SSN or PTIN

07-25-2016
Date

Page 4

Georgia Form 700/2015

1601702643
(Partnership) Name TWO BROTHERS
INCOME TO PARTNERS
(1.) Name
(3.) City, State and Zip
(2.) Street and Number
(4.) I.D. Number
1. BIG BROTHER
2. 841 FIRST BORN LANE
A
3. SAVANNAH
GA 31404
4. 400000590
1. LITTLE BROTHER
2. 314 SIBLING CIRCLE
B
3. SAVANNAH
GA 31408
4. 400000580
1.
2.
C
3.
4.
1.
2.
D
3.
4.
1.
2.
E
3.
4.
TOTAL

Profit Sharing %
5.
50.00

5.

50.00

5.

6.

5.

6.

5.

6.

DEPR ADJ

144434

(ROUND TO NEAREST DOLLAR)

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

Total (Add Lines 1 through 8) enter here and on Line 9, Schedule 8

DEPR ADJ

.....................
.....................
Total (Add Lines 1 through 6) enter here and on Line 11, Schedule 8
................

1.
2.
3.
4.
5.
6.
7.
8.
9.

3131
3131
SCHEDULE 6

1.
2.
3.
4.
5.
6.
7.

(ROUND TO NEAREST DOLLAR)

A. WITHIN GEORGIA

1. Gross receipts from business . . . . . . . . . . . . .

2. Georgia Ratio (Divide Column A by Column B) . . . . .

SCHEDULE 5

(ROUND TO NEAREST DOLLAR)

Interest on obligations of United States (must be reduced by direct and indirect interest expenses)
.
Exception to intangible expenses and related interest cost (Attach IT-Addback)
...........
Exception to captive REIT expenses and costs (Attach IT-REIT) . . . . . . . . . . . . . . . . . . .
Other subtractions (Attach Schedule)
...............................

APPORTIONMENT OF INCOME

72218

72216

6.

State and municipal bond interest other than Georgia or political subdivision thereof
.........
Net income or net profits taxes imposed by taxing jurisdictions other than Georgia . . . . . . . . . .
Expenses attributable to tax exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal deduction for income attributable to domestic production activities (IRC section 199) . . . . .
Intangible expenses and related interest costs
...........................
Captive REIT expenses and costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other additions (Attach schedule)
.................................

SUBTRACTIONS FROM FEDERAL TAXABLE INCOME

1.
2.
3.
4.
5.
6.
7.

Georgia Source Income

6.

100.00

ADDITIONS TO FEDERAL TAXABLE INCOME

1.
2.
3.
4.
5.
6.
7.
8.
9.

FEIN40-0006012
SCHEDULE 4

(ROUND TO NEAREST DOLLAR)

B. EVERYWHERE

4246
4246
SCHEDULE 7
C. DO NOT ROUND COL (A)/ COL (B)
COMPUTE TO SIX DECIMALS

Page 5

Georgia Form 700/2015

1601702653
(Partnership) Name TWO BROTHERS
COMPUTATION OF TOTAL INCOME FOR GEORGIA PURPOSES (ROUND TO NEAREST DOLLAR)
1. Ordinary income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

2. Net income (loss) from rental real estate activities

.......

3a.

..........

3b.

3. a. Gross income from other rental activities

b. Less expenses (attach schedule)

c. Net income (loss) from other rental activities (Line 3a less Line 3b)

FEIN

40-0006012
SCHEDULE 8

1.

142049

2.

3c.

a. Interest Income

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

4a.

b. Dividend Income

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

4b.

c. Royalty Income

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

4c.

d. Net short-term capital gain (loss)

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

4d.

e. Net long-term capital gain (loss)

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

4e.

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

4f.

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

5.

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

6.

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

7.

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

8.

145549

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

9.

3131

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

10.

148680

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

11.

4246

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

12.

144434

1. Salaries and wages (Form 1065)

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

1.

54000

2. Taxes and licenses (Form 1065)

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

2.

17000

3. Section 179 deduction (Form 1065)

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

3.

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

4.

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

5.

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

6.

4. Portfolio income (loss):

f. Other portfolio income (loss)

5. Guaranteed payments to partners
6. Net gain (loss) under Section 1231
7. Other Income (loss)

8. Total Federal income (add Lines 1 through 7)

9. Additions to Federal income (Schedule 5, Line 9)

10. Total (add Lines 8 and 9)

11. Subtractions from Federal income (Schedule 6, Line 7)

12. Total income for Georgia purposes (Line 10 less Line 11)

3500

Other Required Federal Information

4. Contributions (Form 1065)

5. Investment interest expense (Form 1065)

6. Section 59(e)(2) expenditures (Form 1065)

1613502613

Georgia Depreciation and Amortization

Form

4562
(Rev. 06/08/15)

(Including Information on Listed Property)

Note: Georgia does not allow any additional depreciation benefits provided by I.R.C.
Section 168(k), 1400L, 1400N(d)(1), and certain other provisions.

GEORGIA

See separate instructions.

Name(s) shown on return

2015

Attach to your return.

Business or activity to which this form relates

TWO BROTHERS

Identification number

FORM 1065

40-0006012

Part I
1
2
3
4
5

Election To Expense Certain Tangible Property Under Section 179

Note: If you have any listed property, complete Part V before you complete Part I.
Maximum amount. See IRS instructions for a higher limit for certain businesses
..............
Total cost of IRC Section 179 property placed in service (see IRS instructions) . . . . . . . . . . . . . . .
Threshold cost of IRC Section 179 property before reduction in limitation
.................
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0................

1
2
3
4

Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see IRS instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(a) Description of property

(b) Cost (business use only)

$ 500,000
$ 2,000,000

0
500,000

(c) Elected cost

6
7
Listed property. Enter the amount from line 29
................. 7
8
Total elected cost of IRC Section 179 property. Add amounts in column (c), lines 6 and 7
.........
9
Tentative deduction. Enter the smaller of line 5 or line 8
........................
10
Carryover of disallowed deduction from line 13 of your 2014 Form 4562 . . . . . . . . . . . . . . . . . .
11
Business income limitation. Enter the smaller of business income (not less than zero) or line 5 . . . . . . .
12
IRC Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
........
13
Carryover of disallowed deduction to 2016. Add lines 9 and 10, less line 12
..
13
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.

Part II
14

Special Depreciation Allowance and Other Depreciation (Do not include listed property.)

Special depreciation allowance for qualified property (see instructions)

(other than listed property) placed in service during the tax year . . . . . . . . . . . . . . . . . . . . . .
Property subject to IRC Section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15
16

Part III

8
9
10
11
12

14
15
16

Not allowed for

Georgia purposes

MACRS Depreciation (Do not include listed property.)

Section A
MACRS deductions for assets placed in service in tax years beginning before 2015
. . . . . . . . . . . . 17
If you are electing under IRC Section 168(i)(4) 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 2015 Tax Year Using the General Depreciation System

17
18

(a) Classification of
property

19a
b
c
d
e
f
g
h

(b) Month and

year placed in
service

(c) Basis for depreciation

(business/investment use
only.) See IRS instructions

(d) Recovery
period

(e) Convention

(f) Method

3-year property
5-year property
7-year property
10-year property
15-year property
20-year property
25-year property
25 yrs.
S/L
Residential rental
27.5 yrs.
MM
S/L
property
27.5 yrs.
MM
S/L
i Nonresidential real
39 yrs.
MM
S/L
property
MM
S/L
Part IV
Section C -- Assets Placed in Service During 2015 Tax Year Using the Alternative Depreciation System
20a Class life
S/L
b 12-year
12 yrs.
S/L
c 40-year
40 yrs.
MM
S/L

4,246

(g) Depreciation deduction

Partner's Share of
Georgia Income

GAK-1
(GA700)

For calendar year

2015

or other year starting

and ending

Partner's Identifying Number

Federal Employer ID Number

400-00-0590

40-0006012

Partner's Name, Address, and Zip Code

Partnership's Name, Address, and Zip Code

BIG BROTHER
841 FIRST BORN LANE
SAVANNAH, GA 31404

TWO BROTHERS
120 HERMANOS ST
SAVANNAH

GA 31405

50.00 %

Partner's percentage of stock ownership for tax year

Participated in Composite Return

Partner's Pro Rata Share Items

Amount

72775

1. Share of partnership's federal income (loss)

2. GA Additions to income (loss)
a. Federal deduction for income attributable to domestic production activities
b. Intangible expense and related interest costs
c. Captive REIT expenses and related interest costs
d. Other additions
e. DEPR ADJ

1566
1566

Total additions
3. GA Subtractions from income (loss)
a. Interest on obligation of United States
b. Exception to intangible expenses and related interest costs
c. Exception to captive REIT expenses and costs
d. Other subtractions
e.
f. DEPR ADJ
Total subtractions
4. Total income for GA purposes
5. Net business income apportioned to GA (Nonresidents only)
6. Net income allocated to GA (Nonresidents only)
7. Total GA source income
Credits
Credit Type Code
Corporation Name
1
2
3
4
5
6
7
8
9
10

2123
2123
72218
0
72218
FEIN

Certificate #

Amount of Credit
1
2
3
4
5
6
7
8
9
10

Partner's Share of
Georgia Income

GAK-1
(GA700)

For calendar year

2015

or other year starting

and ending

Partner's Identifying Number

Federal Employer ID Number

400-00-0580

40-0006012

Partner's Name, Address, and Zip Code

Partnership's Name, Address, and Zip Code

LITTLE BROTHER
314 SIBLING CIRCLE
SAVANNAH, GA 31408

TWO BROTHERS
120 HERMANOS ST
SAVANNAH

GA 31405

50.00 %

Partner's percentage of stock ownership for tax year

Participated in Composite Return

Partner's Pro Rata Share Items

Amount

72774

1. Share of partnership's federal income (loss)

2. GA Additions to income (loss)
a. Federal deduction for income attributable to domestic production activities
b. Intangible expense and related interest costs
c. Captive REIT expenses and related interest costs
d. Other additions
e. DEPR ADJ

1565
1565

Total additions
3. GA Subtractions from income (loss)
a. Interest on obligation of United States
b. Exception to intangible expenses and related interest costs
c. Exception to captive REIT expenses and costs
d. Other subtractions
e.
f. DEPR ADJ
Total subtractions
4. Total income for GA purposes
5. Net business income apportioned to GA (Nonresidents only)
6. Net income allocated to GA (Nonresidents only)
7. Total GA source income
Credits
Credit Type Code
Corporation Name
1
2
3
4
5
6
7
8
9
10

2123
2123
72216
0
72216
FEIN

Certificate #

Amount of Credit
1
2
3
4
5
6
7
8
9
10

State Income Adjustment

GADEPDIF

2015

due to differences in depreciation between the Federal and State

(Keep for your records)

Name(s) as shown on return

Identification number

TWO BROTHERS

40-0006012

Taxpayer/Business

Federal

State Portion

Difference

Bonus Depreciation

Section 179 Expense

3,131

4,246

3,131

4,246

Regular Depreciation not associated with Section 179

Regular Depreciation on Section 179 Difference
Total:

Spouse

Federal

State Portion

(1,115)
0
(1,115)

Difference

Bonus Depreciation

Section 179 Expense

Regular Depreciation not associated with Section 179

Regular Depreciation on Section 179 Difference

Total:

Combined Totals

Federal

State Portion

Difference

Bonus Depreciation

Section 179 Expense

3,131

4,246

3,131

4,246

Regular Depreciation not associated with Section 179

Regular Depreciation on Section 179 Difference
Total:

GADEPDIF.LD

(1,115)
0
(1,115)