Preview
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
EXHIBIT 16
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
Feldman, Weisberg, Lesk & Kampfer, CPAs
1776 E Jericho Tpke Ste 1
Huntington, NY 11743-5713
631-499-6666
COPY
June 26, 2020
CONFIDENTIAL
ROCKVILLE CORP
172 SUNRISE HIGHWAY
ROCKVILLE CENTRE, NY 11570
Dear :
We have prepared the following returns from information provided by you without verification
or audit:
U.S. Income Tax Return for an S Corporation (Form 1120-S)
New York S Corporation Franchise Tax Return (Form CT-3-S)
We suggest that you examine these returns carefully to fully acquaint yourself with all items
contained therein to ensure that there are no omissions or misstatements.
Federal Filing Instructions
Your 2019 Form 1120-S shows no balance due.
Your return is being filed electronically with the INS and is not required to be mailed. If you
mail a paper copy of Form 1120-S to the IRS it will delay processing of your return. Your
electronically filed return is not complete without your signature. You are using the Personal
Identification Number (PIN) for signing your return electronically. Form 8879-S, INS e-file
Signature Authorization for Form 1120S should be signed and dated by an authorized officer of
the corporation and returned as soort as possible to:
Feldman, Weisberg, Lesk & Kampfer, CPAs
1776 E Jericho Tpke Ste 1
Huntington, NY 11743-5713
Important: Your return will not be Filed with the IRS until the signed Form 8879-S,
IRS e-file Signature Authorization for Form 1120S has been received by this office.
New York Filing Instructions
Your 2019 Form CT-3-S shows an amount due of $25. You have authorized the New York
Department of Taxation and Finance to debit your CITIBANK checking account for the amount
of $25 on June 22, 2020. Please keep this filing instruction as a reminder of the amount to be
withdrawn from your account.
To cancel a scheduled payment, you must call the New York Department of Taxation and
Finance at 518-485-6027 at least two business days prior to the date of withdrawal.
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
Your return is being filed electronically with the New York Department of Taxation and Finance
and is not required to be mailed. If you mail a paper copy of your return, it will delay processing
of your return.
Your electronically filed return is not complete without your signature, Form TR-579-CT, New
York State E-File Signature Authorization, should be signed and dated by an authorized officer
of the corporation and returned to:
Feldman, Weisberg, Lesk & Kampfer, CPAs
1776 E Jericho Tpke Ste 1
Huntington, NY 11743-5713
Also enclosed is any material you furnished for use in preparing the returns. If the returns are
examined, requests may be made for supporting documentation. Therefore, we recommend that
you retain all pertinent records for at least seven years.
In order that we may properly advise you of tax considerations, please keep us informed of any
significant changes in your financial affairs or of any correspondence received from taxing
authorities.
If you have any questions, or if we can be of assistance in any way, please do not hesitate to call.
Sincerely,
Feldman, Weisberg, Lesk & Kampfer, CPAs
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/22/2020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
or 8879-S IRS e-file Signature
¯ ERO must,
Authorization for Form
,~,~,,~,~°btain and retain cp~p..,l.~ted.:
.... Form 8879-S.
1120S OMB No. 1545-0123
Department of the Treasury
Internal Revenue Service
¯ Go to www.irs.gov/Form8879S for the latest information.
For calendar year 2019, or tax year beginning , and ending
2019
Name of corporation Employer identification number
ROCKVILLE CORP
::::::::::::P......:::::::::::::::::::::::
Tax Return Information (Whole dollars only)
1 Gross receipts or sales less returns and allowances (Form 1120-S, line lc) ..................................
1
2 Gross profit (Form 1120-S, line 3) ...................................................................................
3 Ordinary business income (loss) (Form 1120-S, line 21) ......................................................... 0
4 Net rental real estate income (loss) (Form 1120-S, Schedule K, line 2) ........................................ 80,848
5 Income (loss) reconciliation (Form 1120-S, Schedule K, line 18) ................................................ 80,851
Dec~arati~nandSignatureAuth~riz~i~n~f~icer(Besuret~getac~py~fthec~rp~rati~n’sreturn)~
Under penalties of perjury, I declare that I am an officer of the above corporation and that I have examined a copy of the corporation’s
2019 electronic income tax return and accompanying schedules and statements and to the best of my knowledge and belief, it is true,
correct, and complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the corporation’s
electronic income tax return. I consent to allow my electronic return originator (ERO), transmitter, or intermediate service provider to
send the corporation’s return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the
transmission, (b) the reason for any delay in processing the return or refund, and (c) the date of any refund,
if applicable, I authorize
the U.S. Treasury and its designated Financial Agent to initiate an electronic funds withdrawal (direct debit) entry to the financial
institution account indicated in the tax preparation software for payment of the corporation’s federal taxes owed on this return, and
the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at
1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved
in the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve
issues related to the payment. 1 have selected a personal identification number (PIN) as my signature for the corporation’s electronic
income tax return and, if applicable, the corporation’s consent to electronic funds withdrawal.
Officer’s PIN: check one box only
authorize FeIdman, Weisberq, Lesk
ERO firm name
& Kampfer, to enter my PIN I as my signature
Don’t enter all zeros
on the corporation’s 2019 electronically filed income tax return.
L~ As an officer of the corporation,I will enter my PIN as my signature on the corporation’s 2019 electronically filed income tax
retu rn.
Officer’s signature ¯ Date¯ 06/28/20 Title¯ President
xxxxxxx xxxxx
~!~i~i!iii~i~i~Certification and Authentication
ERO’s EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN. I
Don’t enter all zeros
I certify that the above numeric entry is my PIN, which is my signature on the 2019 electronically filed income tax return for the
corporation indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file
Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business
Returns.
ERO’s signature ¯ HEloTRY KA_,’v~b’~R Date ¯ 06/22/20
ERO Must Retain This Form -- See Instructions
Don’t Submit ThisForm to the IRS Unless Requested To Do So
For Paperwork Reduction Act Notice, see instructions. Form8879-S (2019)
DAA
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/22/2020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
OMB No. 1545-0123
Form 1120-S U.S. income Tax Return for an S Corp.oration
Department of the Treasury
¯ Do not file this form unless the corporation has filed or
is attaching Form 2553 to elect to be an S corporation. 2019
internal Revenue Service ¯ Go to www.irs.qoviForm1120S for instructions and the latest information.
For calendar year 2019 or tax ~,ear be~lil ~nin~ , endin~
A S election effective date Name D Employer identification number
08/08/96 TYPE
ROCKVILLE CORP
B Business activity code
number (see instructions) Number, street, and room or suite no. If a P.O. box, see instructions. E Date incorporated
OR
531120 172 SUNRISE HIGHWAY o8/o8/1996
C Check if Sch. M-3 PRINT City or town, state or province, country, and ZIP or foreign postal code F Tota~ assets (see instructions)
attached D ROCKVILLE CENTRE NY 11570
$ 521,239
G Is the corporation electin(
to be an S corporation beginning with this tax year?
~_J Yes ~ No If"Yes," attach Form 2553 if not already filed
H Checkif:(1) D Finalreturn (2) D Namechange (3) D Address change (4) D Amended return (5) D S election termination or revocation
I Enter the number of shareholders who were shareholders during any part of the tax year ¯ 1
J Check if corporation: (1)
I--]Aggregated activities for section 465 at-risk purposes
(2) r-l ~(~1~ ~(~ti~/iti~;~-(~~ii~~t~)~~&~;~i~ ~ii~it~ purposes
Caution: Include only trade or business income and expenses on lines la throuqh 21. See the instructions for more information.
Returns and allowances lb ....................
lc
Balance, Subtract line lb from line la ................................................................................
i2c Cost of goods sold (attach Form 1125-A) 2
............................................................................
line 1c
Gross profit. Subtract line 2 from 3
.............................................................................
Net line 17
gain (loss) from Form 4797, (attach Form 4797) 4
.........................................................
5
Other income (loss) (see instructions--attach statement) ............................................................
Total income (loss). Add lines 3 throu,qh 5 ¯ 6
......................................................................
Compensation of officers (see instructions-attach Form 1125-E) 7
....................................................
Salaries and wages (less employment credits) 8
.......................................................................
9
Repairs and maintenance .............................................................................................
Bad debts 10
.............................................................................................................
Rents 11
..................................................................................................................
~112 12
Taxes and licenses ....................................................................................................
Interest (see instructions) 13
.............................................................................................
Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562)
........ 14
Depletion (Do not deduct oil and gas depletion.) ...................... 15
Advertising ............ 16
Pension, profit-sharing, etc., plans 17
11, Employee benefit programs
" "
18
19
Other deductions (attach statement)
t~ 120 Tote deduct ons. Add nes 7 throu~l~’i9........................................................................... ~
20
22 Excess net pass ve
ncome or LIFO recapture tax (see instructions) 22a
Add nes 22a and 22b (see nstruct ons for additional taxes) 22c
2019 estimated tax payments and 2018 overpayment credited to 2019 I23 I
Add lines 23a through 23d 23e
.........................................................................................
~ 24 Estimated tax penalty (see instructions). Check if Form 2220 is attached ¯ r~
24
25
Amount owed. If line 238 is smaller than the total of lines 22c and 24, enter amount owed .........................
26 26
Overpayment. If line 238 is larger than the total of lines 22c and 24, enter amount overpaid ........................
_ 27 Enter amount from line 26: Credited to 2020 estimated tax ¯ Refunded ¯ 27
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements,
I May the IRS discuss this return with the preparer
is based on all information of which preparer has any knowledge. shown below? See instructions.
Yes No
Sign
ere xxxxxxx
Signature of officer xxxxx Date
~ President
Title
Print/Type preparer’s name Preparer’s signature Date Check U if PTIN
aid HENRY KAMPFER HENRY KAMPFER 06/22/20 self-employed
reparer F~rm’sname ~ Feldman, Weisberg, Lesk & Kampfer, CPAs F~rm’sE~N¯
se Only F~rm’s.ddress
~ 1776 E Jericho Tpke Ste 1
Huntington, NY 11743-5713 Phone no.631-499-6666
For Paperwork Reduction Act Notice, see separate instructions. Form 1120"S (2o19)
DAA
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/22/2020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
Rental Real Estate Income and Expenses of a
Form 8825
(Rev. Novernt~er2018)
--
-’l"artnersr"p
-- or an S ~;orporation oMBNo. 15454123
Department of the Treasury ¯ Attach to Form 1065 or Form 1120S.
Internal Revenue Service ¯ GO to www.irs.gov/Form8825 for the latest information.
Name Employer identification number
ROCKVILLE CORP
1 Show the type and address of each property. For each rental real estate property listed, r~port the number of days rented at fair
rental value and days with personal use. See instructions. See page 2 to list additional properties.
Physical address of each property--street, city, state, Type--Enter code 1-8;
Fair Rental Days Personal Use Days
ZIP code see page 2 for list
COMMERCIAL PROPERTY
172 SUNRISE HIGH~TAY
Commercial 0 0
Properties
Rental Real Estate Income A B C D
2 Gross rents 2 169,463
Rental Real Estate Expenses
3 3
Adqertising ............................
4 Auto and travel 4
5 Cleaning and maintenance 5
6 Commissions 6
7 Insurance 7
8 Legal and other professional fees 8
9 Interest (see instructions) 9 10,072
10 Repairs 10
...............................
11 Taxes 11 64,770
12 Utilities 12
13 Wages and salaries 13
14 Depreciation (see instructions) 14 13,721
15 Other (list) ¯
See Statement 5 15 52
16 Total expenses for each property.
Add lines 3 through 15 16 88,615
17 Income or (loss) from each property.
Subtract line 16 from line 2 17 80,848
18a Total gross rents. Add gross rents from line 2, columns A through H 18a 169,463
b Total expenses. Add total expenses from line 16, columns A through H 18b 88,615)
19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real
estate activities
...........................................................................................................
19
20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which
this partnership or S corporation is a partner or beneficiary (from Schedule K-l) ........................................
20a
b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line
20a. Attach a schedule if more space is needed.
(1) Name (2) Employeride~tfficationnumbel
21 Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on:
¯ Form 1065 or 1120S: Schedule K, line 2
21 80,848
For Paperwork Reduction Act Notice, see instructions. ~o~m 8825 (~ev. I~-2oI~I
DAA
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/22/2020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
671119
Final K-1 Amended K-1 OMB No. 1545-0123
Schedule 2019
(Form 1120-S) For calendar year 2019, or tax year
Department of the Treasury Ordinary business income (loss)13 Credits
Internal Revenue Service
beginning I ending
I 2 Net rental real estate income (loss)
I
* 80,848
Shareholder’s Share of Income, Deductions, 3 Other net rental income (loss)
Credits, etc. ~ See back offormand separate instructions.
:::i ::::::::::::::::::::::::::::::::::::::::::::::::::::::: i:i: i:i:i:i:i:i:i:i:i:i:!:i:i:!:i:! :!:i:!:!:::!::::iii!:!i:i:iii:i:i:i:i:i: i: i: i:i:i:i::: :::: :::::::: :: :: ::::::::::::::::::::::::::::::::::::::::::::::::::::: :; :::::: :%: :::::%: :: :::::::::::::::::: ::::::
4 Interest income
ili:::
!~i~ili: !i:i:i:i:i:i:i::’i:
ili ili ili ill ill ii~
i: ::i" "; ::::::::::::::::::::: :: !::’!~ii
$i:~:~:!:!:!:i:!:!:"::i"
i~ ’:::i:!:::!: !:!:i::’!:i::"
ii~
::"!:!:i:!: !: i:i::"
ii i~~i~ 3
:::::::::::::::::::::::::::::::::::::::: :i:~: i:~:~:~:i:i:i:i?!:i:i:i:!:[:!$
~!ii~i iii~iiiili ii~i i~i i i i l i li iili¢i li ;ii:i:
A Corporation’s employer identification number 5a Ordinary dividends
B Corporation’s name, address, city, state, and ZIP code 5b Qualified dividends 14 Foreign transactions
~OCKV"r’r,’r,~.CO~P
6 Royalties
172 SUNRISE HIGHWAY
ROCKVILLE CENTRE NY 11570 7 Net short-term capital gain (loss)
C IRS Center where corporation filed return 8a Net long-term capital gain (loss)
e-file
8b Collectibles (28%) gain (loss)
D Shareholder’s identifying number 8c Unrecaptured section 1250 gain
E Shareholder’s name, address, city, state, and ZIP code 9 Net section 1231 gain (loss)
xxxxxxx xxxxx
26 SANDPIPER COURT 10 Other income (loss) 15 Alternative minimum tax (A~) items
A 1,235
OLD WESTBURY NY 11568
F Shareholder’s percentage of stock
ownership for tax year .............................
11 Section 179 deduction 16 Items affecting shareholder basis
12 Other deductions
17 Other information
~ 3
V*
~8 ~J More than one activity for at-risk purposes*
19 J~ More than one activity for passive activity purposes*
* See attached statement for additional information.
For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S.
www.irs.gov/Form1120S Schedule K-1 (Form 1120-S) 2019
DAA
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/2212020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
Form 1120-S,!2019) ROCKVILLE CORP Page2
i~i~i!~ii~ii . Other Information ’see instructions)
1 Check accounting method: a I~1 Cash b ~1 Accrual .:~.: No
U
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-l, Information on Certain Shareholders of an S Corporation X
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 X
..........................................................................................................................................
(ii) Employer (iii) Country of (iv) Percentage of
(v) If Percentage in (iv) Is 100%,
(i) Name of Corporation Identification Incorporation Stock Owned Enter the Date (if any)
Number (if any) a Qualified Subchapter S
Subsidiary Election Was Made
b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or ::::::::::::::::::::::::::::::::::::
capital in any foreign or domestic partnership(including an entity treated as a partnership) or in the beneficial interest of a
trust? For rules of constructive ownership, see instructions. If "Yes," corn )lete (i) through (v) be ow .........................................
(ii) Employer (iv) Country of (v) Maximum Percentage
(i) Name of Entity Identification (iii) Type of Entity Organization Owned in Profit,
Number (if any) Loss, or Capital
5a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? X
If "Yes," complete lines (i)and (ii) below.
(i) Total shares of restricted stock ¯
.........................................................................
.............................
(ii)Total shares of non-restricted stock .....................................................................
¯ .............................
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.
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 . ¯ $
Did the corporation have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions X
................................................................................................
Does the corporation satisfy one or more of the following? See instructions X
The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.
The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $26 million and the corporation has business interest expen§e.
The corporation is a tax shelter and the corporation has business interest expense.
If "Yes," complete and attach Form 8990.
Does the corporation satisfy both of the following conditions? X
!:!:!:i:!:i:i:!:!:i:.,:!:!:~:!:!:!:!:!:!:!:
The corporation’s total receipts (see instructions) for the tax year were less than $250,000.
The corporation’s total assets at the end of the tax year were less than $250,000.
If "Yes," the corporation is not required to complete Schedules L and M-1. iiiiiiiiiiii::i::i::i::iiiiiiiiiiii[iiiiiiiiii:.
Form1120-S (2019)
DAA
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022
HROC01 06/22/2020 3:55 PM
NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022
Form 1120-S (2019) ROCKVILLE CORP Pa.qe 3
~!~i::~i:: Other Information (see instructions) (continued) Yes No
12 During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the
terms modified so as to reduce the principal amount of the debt?
If"Yes," enter the amount of principal reduction ¯ $
13 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If"Yes," see instructions
..................... X
14a Did the corporation make any payments in 2019 that would require it to file Form(s) 1099?
..................................................
b If "Yes," did the corporation file or will it file required Forms 1099?
.............................................................................
15 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? X
S#~!!~ii~i:: Shareholders’ Pro Rata Share Items Total amount
1 1
Ordinary business income (loss) (page 1, line 21) .............................................................
2 Net rental real estate income (loss) (attach Form 8825) ........................................................ 80 t 848
: ............. :2:.: .........
3a Other gross rental income (loss) .............................................
I 3a! i=============:=====:================:=
~. c Other net rental income (loss). Subtract line 3b from line 3a 3c
..................................................
8 4 Interest income 4 3
~, 5 Dividends: a Ordinary dividends 5a
_= 6 Royalties 6
.......................................................................................................
7 Net short-term capital gain (loss) (attach Schedule D (Form 1120-S))
........................................7
8a Net long-term capital gain (loss) (attach Schedule D (Form 1120-S)) 8a
I I
9 Net section 1231gain (Joss) (attach Form 4797) 9
..............................................................
10 Type ¯
Other income (Joss) (see instructions) ................ 10
~ 11 Section 179 deduction (attach Form 4562) 11
....................................................................
~ 12a 12a
Charitable contributions ........................................................................................
o b Investment interest expense 12b
c Section 59(e)(2) expenditures
(1) Type ¯ 12c(2)
.................................................... (2) Amount
¯
~
d Type ¯
Other deductions (see instructions) ................. 12d
13a Low-income housing credit (section 420)(5)) 13a
..................................................................
b 13b
Low-income housing credit (other) .............................................................................
c 13c
Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) ....................
~
d Other rental real estate credits (see instructions) ... 13d
Type ¯ ................................................
~
~ 13e
Type ¯ ................................................
e Other rental credits (see instructions) ...............
f 13f
Biofuel producer credit (attach Form 6478) ....................................................................
9 Other credits (see instructions) Type ¯
.....................
b Gross income from all sources 14b
c Gross income sourced at shareholder level 14c
...................................................................
Preview
FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 EXHIBIT 16 FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 Feldman, Weisberg, Lesk & Kampfer, CPAs 1776 E Jericho Tpke Ste 1 Huntington, NY 11743-5713 631-499-6666 COPY June 26, 2020 CONFIDENTIAL ROCKVILLE CORP 172 SUNRISE HIGHWAY ROCKVILLE CENTRE, NY 11570 Dear : We have prepared the following returns from information provided by you without verification or audit: U.S. Income Tax Return for an S Corporation (Form 1120-S) New York S Corporation Franchise Tax Return (Form CT-3-S) We suggest that you examine these returns carefully to fully acquaint yourself with all items contained therein to ensure that there are no omissions or misstatements. Federal Filing Instructions Your 2019 Form 1120-S shows no balance due. Your return is being filed electronically with the INS and is not required to be mailed. If you mail a paper copy of Form 1120-S to the IRS it will delay processing of your return. Your electronically filed return is not complete without your signature. You are using the Personal Identification Number (PIN) for signing your return electronically. Form 8879-S, INS e-file Signature Authorization for Form 1120S should be signed and dated by an authorized officer of the corporation and returned as soort as possible to: Feldman, Weisberg, Lesk & Kampfer, CPAs 1776 E Jericho Tpke Ste 1 Huntington, NY 11743-5713 Important: Your return will not be Filed with the IRS until the signed Form 8879-S, IRS e-file Signature Authorization for Form 1120S has been received by this office. New York Filing Instructions Your 2019 Form CT-3-S shows an amount due of $25. You have authorized the New York Department of Taxation and Finance to debit your CITIBANK checking account for the amount of $25 on June 22, 2020. Please keep this filing instruction as a reminder of the amount to be withdrawn from your account. To cancel a scheduled payment, you must call the New York Department of Taxation and Finance at 518-485-6027 at least two business days prior to the date of withdrawal. FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 Your return is being filed electronically with the New York Department of Taxation and Finance and is not required to be mailed. If you mail a paper copy of your return, it will delay processing of your return. Your electronically filed return is not complete without your signature, Form TR-579-CT, New York State E-File Signature Authorization, should be signed and dated by an authorized officer of the corporation and returned to: Feldman, Weisberg, Lesk & Kampfer, CPAs 1776 E Jericho Tpke Ste 1 Huntington, NY 11743-5713 Also enclosed is any material you furnished for use in preparing the returns. If the returns are examined, requests may be made for supporting documentation. Therefore, we recommend that you retain all pertinent records for at least seven years. In order that we may properly advise you of tax considerations, please keep us informed of any significant changes in your financial affairs or of any correspondence received from taxing authorities. If you have any questions, or if we can be of assistance in any way, please do not hesitate to call. Sincerely, Feldman, Weisberg, Lesk & Kampfer, CPAs FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/22/2020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 or 8879-S IRS e-file Signature ¯ ERO must, Authorization for Form ,~,~,,~,~°btain and retain cp~p..,l.~ted.: .... Form 8879-S. 1120S OMB No. 1545-0123 Department of the Treasury Internal Revenue Service ¯ Go to www.irs.gov/Form8879S for the latest information. For calendar year 2019, or tax year beginning , and ending 2019 Name of corporation Employer identification number ROCKVILLE CORP ::::::::::::P......::::::::::::::::::::::: Tax Return Information (Whole dollars only) 1 Gross receipts or sales less returns and allowances (Form 1120-S, line lc) .................................. 1 2 Gross profit (Form 1120-S, line 3) ................................................................................... 3 Ordinary business income (loss) (Form 1120-S, line 21) ......................................................... 0 4 Net rental real estate income (loss) (Form 1120-S, Schedule K, line 2) ........................................ 80,848 5 Income (loss) reconciliation (Form 1120-S, Schedule K, line 18) ................................................ 80,851 Dec~arati~nandSignatureAuth~riz~i~n~f~icer(Besuret~getac~py~fthec~rp~rati~n’sreturn)~ Under penalties of perjury, I declare that I am an officer of the above corporation and that I have examined a copy of the corporation’s 2019 electronic income tax return and accompanying schedules and statements and to the best of my knowledge and belief, it is true, correct, and complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the corporation’s electronic income tax return. I consent to allow my electronic return originator (ERO), transmitter, or intermediate service provider to send the corporation’s return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the transmission, (b) the reason for any delay in processing the return or refund, and (c) the date of any refund, if applicable, I authorize the U.S. Treasury and its designated Financial Agent to initiate an electronic funds withdrawal (direct debit) entry to the financial institution account indicated in the tax preparation software for payment of the corporation’s federal taxes owed on this return, and the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at 1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved in the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve issues related to the payment. 1 have selected a personal identification number (PIN) as my signature for the corporation’s electronic income tax return and, if applicable, the corporation’s consent to electronic funds withdrawal. Officer’s PIN: check one box only authorize FeIdman, Weisberq, Lesk ERO firm name & Kampfer, to enter my PIN I as my signature Don’t enter all zeros on the corporation’s 2019 electronically filed income tax return. L~ As an officer of the corporation,I will enter my PIN as my signature on the corporation’s 2019 electronically filed income tax retu rn. Officer’s signature ¯ Date¯ 06/28/20 Title¯ President xxxxxxx xxxxx ~!~i~i!iii~i~i~Certification and Authentication ERO’s EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN. I Don’t enter all zeros I certify that the above numeric entry is my PIN, which is my signature on the 2019 electronically filed income tax return for the corporation indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns. ERO’s signature ¯ HEloTRY KA_,’v~b’~R Date ¯ 06/22/20 ERO Must Retain This Form -- See Instructions Don’t Submit ThisForm to the IRS Unless Requested To Do So For Paperwork Reduction Act Notice, see instructions. Form8879-S (2019) DAA FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/22/2020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 OMB No. 1545-0123 Form 1120-S U.S. income Tax Return for an S Corp.oration Department of the Treasury ¯ Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. 2019 internal Revenue Service ¯ Go to www.irs.qoviForm1120S for instructions and the latest information. For calendar year 2019 or tax ~,ear be~lil ~nin~ , endin~ A S election effective date Name D Employer identification number 08/08/96 TYPE ROCKVILLE CORP B Business activity code number (see instructions) Number, street, and room or suite no. If a P.O. box, see instructions. E Date incorporated OR 531120 172 SUNRISE HIGHWAY o8/o8/1996 C Check if Sch. M-3 PRINT City or town, state or province, country, and ZIP or foreign postal code F Tota~ assets (see instructions) attached D ROCKVILLE CENTRE NY 11570 $ 521,239 G Is the corporation electin( to be an S corporation beginning with this tax year? ~_J Yes ~ No If"Yes," attach Form 2553 if not already filed H Checkif:(1) D Finalreturn (2) D Namechange (3) D Address change (4) D Amended return (5) D S election termination or revocation I Enter the number of shareholders who were shareholders during any part of the tax year ¯ 1 J Check if corporation: (1) I--]Aggregated activities for section 465 at-risk purposes (2) r-l ~(~1~ ~(~ti~/iti~;~-(~~ii~~t~)~~&~;~i~ ~ii~it~ purposes Caution: Include only trade or business income and expenses on lines la throuqh 21. See the instructions for more information. Returns and allowances lb .................... lc Balance, Subtract line lb from line la ................................................................................ i2c Cost of goods sold (attach Form 1125-A) 2 ............................................................................ line 1c Gross profit. Subtract line 2 from 3 ............................................................................. Net line 17 gain (loss) from Form 4797, (attach Form 4797) 4 ......................................................... 5 Other income (loss) (see instructions--attach statement) ............................................................ Total income (loss). Add lines 3 throu,qh 5 ¯ 6 ...................................................................... Compensation of officers (see instructions-attach Form 1125-E) 7 .................................................... Salaries and wages (less employment credits) 8 ....................................................................... 9 Repairs and maintenance ............................................................................................. Bad debts 10 ............................................................................................................. Rents 11 .................................................................................................................. ~112 12 Taxes and licenses .................................................................................................... Interest (see instructions) 13 ............................................................................................. Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) ........ 14 Depletion (Do not deduct oil and gas depletion.) ...................... 15 Advertising ............ 16 Pension, profit-sharing, etc., plans 17 11, Employee benefit programs " " 18 19 Other deductions (attach statement) t~ 120 Tote deduct ons. Add nes 7 throu~l~’i9........................................................................... ~ 20 22 Excess net pass ve ncome or LIFO recapture tax (see instructions) 22a Add nes 22a and 22b (see nstruct ons for additional taxes) 22c 2019 estimated tax payments and 2018 overpayment credited to 2019 I23 I Add lines 23a through 23d 23e ......................................................................................... ~ 24 Estimated tax penalty (see instructions). Check if Form 2220 is attached ¯ r~ 24 25 Amount owed. If line 238 is smaller than the total of lines 22c and 24, enter amount owed ......................... 26 26 Overpayment. If line 238 is larger than the total of lines 22c and 24, enter amount overpaid ........................ _ 27 Enter amount from line 26: Credited to 2020 estimated tax ¯ Refunded ¯ 27 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, I May the IRS discuss this return with the preparer is based on all information of which preparer has any knowledge. shown below? See instructions. Yes No Sign ere xxxxxxx Signature of officer xxxxx Date ~ President Title Print/Type preparer’s name Preparer’s signature Date Check U if PTIN aid HENRY KAMPFER HENRY KAMPFER 06/22/20 self-employed reparer F~rm’sname ~ Feldman, Weisberg, Lesk & Kampfer, CPAs F~rm’sE~N¯ se Only F~rm’s.ddress ~ 1776 E Jericho Tpke Ste 1 Huntington, NY 11743-5713 Phone no.631-499-6666 For Paperwork Reduction Act Notice, see separate instructions. Form 1120"S (2o19) DAA FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/22/2020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 Rental Real Estate Income and Expenses of a Form 8825 (Rev. Novernt~er2018) -- -’l"artnersr"p -- or an S ~;orporation oMBNo. 15454123 Department of the Treasury ¯ Attach to Form 1065 or Form 1120S. Internal Revenue Service ¯ GO to www.irs.gov/Form8825 for the latest information. Name Employer identification number ROCKVILLE CORP 1 Show the type and address of each property. For each rental real estate property listed, r~port the number of days rented at fair rental value and days with personal use. See instructions. See page 2 to list additional properties. Physical address of each property--street, city, state, Type--Enter code 1-8; Fair Rental Days Personal Use Days ZIP code see page 2 for list COMMERCIAL PROPERTY 172 SUNRISE HIGH~TAY Commercial 0 0 Properties Rental Real Estate Income A B C D 2 Gross rents 2 169,463 Rental Real Estate Expenses 3 3 Adqertising ............................ 4 Auto and travel 4 5 Cleaning and maintenance 5 6 Commissions 6 7 Insurance 7 8 Legal and other professional fees 8 9 Interest (see instructions) 9 10,072 10 Repairs 10 ............................... 11 Taxes 11 64,770 12 Utilities 12 13 Wages and salaries 13 14 Depreciation (see instructions) 14 13,721 15 Other (list) ¯ See Statement 5 15 52 16 Total expenses for each property. Add lines 3 through 15 16 88,615 17 Income or (loss) from each property. Subtract line 16 from line 2 17 80,848 18a Total gross rents. Add gross rents from line 2, columns A through H 18a 169,463 b Total expenses. Add total expenses from line 16, columns A through H 18b 88,615) 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities ........................................................................................................... 19 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-l) ........................................ 20a b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed. (1) Name (2) Employeride~tfficationnumbel 21 Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on: ¯ Form 1065 or 1120S: Schedule K, line 2 21 80,848 For Paperwork Reduction Act Notice, see instructions. ~o~m 8825 (~ev. I~-2oI~I DAA FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/22/2020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 671119 Final K-1 Amended K-1 OMB No. 1545-0123 Schedule 2019 (Form 1120-S) For calendar year 2019, or tax year Department of the Treasury Ordinary business income (loss)13 Credits Internal Revenue Service beginning I ending I 2 Net rental real estate income (loss) I * 80,848 Shareholder’s Share of Income, Deductions, 3 Other net rental income (loss) Credits, etc. ~ See back offormand separate instructions. :::i ::::::::::::::::::::::::::::::::::::::::::::::::::::::: i:i: i:i:i:i:i:i:i:i:i:i:!:i:i:!:i:! :!:i:!:!:::!::::iii!:!i:i:iii:i:i:i:i:i: i: i: i:i:i:i::: :::: :::::::: :: :: ::::::::::::::::::::::::::::::::::::::::::::::::::::: :; :::::: :%: :::::%: :: :::::::::::::::::: :::::: 4 Interest income ili::: !~i~ili: !i:i:i:i:i:i:i::’i: ili ili ili ill ill ii~ i: ::i" "; ::::::::::::::::::::: :: !::’!~ii $i:~:~:!:!:!:i:!:!:"::i" i~ ’:::i:!:::!: !:!:i::’!:i::" ii~ ::"!:!:i:!: !: i:i::" ii i~~i~ 3 :::::::::::::::::::::::::::::::::::::::: :i:~: i:~:~:~:i:i:i:i?!:i:i:i:!:[:!$ ~!ii~i iii~iiiili ii~i i~i i i i l i li iili¢i li ;ii:i: A Corporation’s employer identification number 5a Ordinary dividends B Corporation’s name, address, city, state, and ZIP code 5b Qualified dividends 14 Foreign transactions ~OCKV"r’r,’r,~.CO~P 6 Royalties 172 SUNRISE HIGHWAY ROCKVILLE CENTRE NY 11570 7 Net short-term capital gain (loss) C IRS Center where corporation filed return 8a Net long-term capital gain (loss) e-file 8b Collectibles (28%) gain (loss) D Shareholder’s identifying number 8c Unrecaptured section 1250 gain E Shareholder’s name, address, city, state, and ZIP code 9 Net section 1231 gain (loss) xxxxxxx xxxxx 26 SANDPIPER COURT 10 Other income (loss) 15 Alternative minimum tax (A~) items A 1,235 OLD WESTBURY NY 11568 F Shareholder’s percentage of stock ownership for tax year ............................. 11 Section 179 deduction 16 Items affecting shareholder basis 12 Other deductions 17 Other information ~ 3 V* ~8 ~J More than one activity for at-risk purposes* 19 J~ More than one activity for passive activity purposes* * See attached statement for additional information. For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S. www.irs.gov/Form1120S Schedule K-1 (Form 1120-S) 2019 DAA FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/2212020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 Form 1120-S,!2019) ROCKVILLE CORP Page2 i~i~i!~ii~ii . Other Information ’see instructions) 1 Check accounting method: a I~1 Cash b ~1 Accrual .:~.: No U 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-l, Information on Certain Shareholders of an S Corporation X 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 X .......................................................................................................................................... (ii) Employer (iii) Country of (iv) Percentage of (v) If Percentage in (iv) Is 100%, (i) Name of Corporation Identification Incorporation Stock Owned Enter the Date (if any) Number (if any) a Qualified Subchapter S Subsidiary Election Was Made b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or :::::::::::::::::::::::::::::::::::: capital in any foreign or domestic partnership(including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If "Yes," corn )lete (i) through (v) be ow ......................................... (ii) Employer (iv) Country of (v) Maximum Percentage (i) Name of Entity Identification (iii) Type of Entity Organization Owned in Profit, Number (if any) Loss, or Capital 5a At the end of the tax year, did the corporation have any outstanding shares of restricted stock? X If "Yes," complete lines (i)and (ii) below. (i) Total shares of restricted stock ¯ ......................................................................... ............................. (ii)Total shares of non-restricted stock ..................................................................... ¯ ............................. 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. 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 . ¯ $ Did the corporation have an election under section 163(j) for any real property trade or business or any farming business in effect during the tax year? See instructions X ................................................................................................ Does the corporation satisfy one or more of the following? See instructions X The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense. The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year are more than $26 million and the corporation has business interest expen§e. The corporation is a tax shelter and the corporation has business interest expense. If "Yes," complete and attach Form 8990. Does the corporation satisfy both of the following conditions? X !:!:!:i:!:i:i:!:!:i:.,:!:!:~:!:!:!:!:!:!:!: The corporation’s total receipts (see instructions) for the tax year were less than $250,000. The corporation’s total assets at the end of the tax year were less than $250,000. If "Yes," the corporation is not required to complete Schedules L and M-1. iiiiiiiiiiii::i::i::i::iiiiiiiiiiii[iiiiiiiiii:. Form1120-S (2019) DAA FILED: NASSAU COUNTY CLERK 06/13/2022 04:51 PM INDEX NO. 607197/2022 HROC01 06/22/2020 3:55 PM NYSCEF DOC. NO. 39 RECEIVED NYSCEF: 06/13/2022 Form 1120-S (2019) ROCKVILLE CORP Pa.qe 3 ~!~i::~i:: Other Information (see instructions) (continued) Yes No 12 During the tax year, did the corporation have any non-shareholder debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? If"Yes," enter the amount of principal reduction ¯ $ 13 During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If"Yes," see instructions ..................... X 14a Did the corporation make any payments in 2019 that would require it to file Form(s) 1099? .................................................. b If "Yes," did the corporation file or will it file required Forms 1099? ............................................................................. 15 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? X S#~!!~ii~i:: Shareholders’ Pro Rata Share Items Total amount 1 1 Ordinary business income (loss) (page 1, line 21) ............................................................. 2 Net rental real estate income (loss) (attach Form 8825) ........................................................ 80 t 848 : ............. :2:.: ......... 3a Other gross rental income (loss) ............................................. I 3a! i=============:=====:================:= ~. c Other net rental income (loss). Subtract line 3b from line 3a 3c .................................................. 8 4 Interest income 4 3 ~, 5 Dividends: a Ordinary dividends 5a _= 6 Royalties 6 ....................................................................................................... 7 Net short-term capital gain (loss) (attach Schedule D (Form 1120-S)) ........................................7 8a Net long-term capital gain (loss) (attach Schedule D (Form 1120-S)) 8a I I 9 Net section 1231gain (Joss) (attach Form 4797) 9 .............................................................. 10 Type ¯ Other income (Joss) (see instructions) ................ 10 ~ 11 Section 179 deduction (attach Form 4562) 11 .................................................................... ~ 12a 12a Charitable contributions ........................................................................................ o b Investment interest expense 12b c Section 59(e)(2) expenditures (1) Type ¯ 12c(2) .................................................... (2) Amount ¯ ~ d Type ¯ Other deductions (see instructions) ................. 12d 13a Low-income housing credit (section 420)(5)) 13a .................................................................. b 13b Low-income housing credit (other) ............................................................................. c 13c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) .................... ~ d Other rental real estate credits (see instructions) ... 13d Type ¯ ................................................ ~ ~ 13e Type ¯ ................................................ e Other rental credits (see instructions) ............... f 13f Biofuel producer credit (attach Form 6478) .................................................................... 9 Other credits (see instructions) Type ¯ ..................... b Gross income from all sources 14b c Gross income sourced at shareholder level 14c ...................................................................