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ORIGINAL
'STRlBUTlON CENTER
Transparent Technology Services Corporation
631 U.S. Highway 1, Suite 312 OCT 01 19 AM 9: 57
North Palm Beach, FL 33408
(V) 561-844-9222
(F) 561-844-7706
October 11, 2001
Florida Public Service Commission
Division of Records and Reporting
2540 Shumard Oak Blvd.
Tallahassee, FL 32399-0850
01 J 37(0 - TS
Reference: Application Form For Authority To Provide Shared Tenant Service
Within The State Of Florida
To Whom It May Concern:
Enclosed please find our application accompanied with the appropriate documentation
and application fee in the amount of$100.00 for the Shared Tenant Service certificate.
After my phone conversation with Nancy Pruitt, a very pleasant and informative woman,
it is our understanding that this application will be received in time to meet the October
25th agenda and hopefully approved by the end of this year.
Should there be any enclosed paperwork which needs clarification or should you have
any questions whatsoever, please contact me at your convenience at 561-844-9222. We
are striving to be STS Certificated by year end.
Thank you in advance for your time and consideration.
Sincerely,
( 'C~\f-R7/L-
Casey Lynch
Bookkeeper
:enc.
FP"r -cn v r ::-,ntl 1"'1 ,..." ••
**FLORIDA PUBLIC SERVICE COMMISSION**
DIVISION OF REGULATORY OVERSIGHT
CERTIFICATION SECTION
APPLICATION FORM FOR AUTHORITY TO PROVIDE
SHARED TENANT SERVICE
WITHIN THE STATE OF FLORIDA
INSTRUCTIONS
• This form is used as an application for an original certificate or for approval of the
assignment or transfer of an existing certificate. In the case of an assignment or transfer,
the information provided shall be for the assignee or transferee . No fee applies for approval
of the assignment or transfer of an existing certificate to another certificated company.
• Print or type all responses to each item requested in the application . If an item is not
applicable, please explain .
• Use a separate sheet for each answer which will not fit within the allotted space .
• Once completed, submit the original and six (6) copies of this form and a non-refundable
application fee of $100.00 to:
Florida Public Service Commission
Division of Records and Reporting
2540 Shumard Oak Blvd.
Tallahassee, Florida 32399-0850
(850) 413-6770
NOTE: No filing fee is required for an assignment or transfer of an existing
certificate to another company.
• If you have questions about completing the form, contact:
Florida Public Service Commission
Division of Regulatory Oversight
Certification Section
2540 Shumard Oak Blvd.
Tallahassee, Florida 32399-0850
(850) 413-6480
Form PSC/CMU-37 (07/97)
Required by Commission Ruie Nos. 25-24.565,
25-24.569, and 25·24.567 1
1. This is an application for (Check One) :
(x) Original Certificate
( ) Approval of Transfer of Existing Certificate
Example: a non-certificated company purchases a certificated company
and desires to retain the original certificate of authority.
( ) Approval of Assignment of Existing Certificate
Example: a certificated company purchases a certificated company and
desires to retain the certificate of authority of that company.
( ) Approval of transfer of control
Example : a company purchases 51 % of a certificated company. The
Commission must approve the new controlling entity.
2. Name of company or name of individual (not fictitious name or d/b/a):
MftA/$Pl!t~)J r k Cf/NOL ObY ~e-~U IC.E~ Ct!)~ ~ote;1-r/()ttJ
3. Name under which applicant will do business (fictitious name , etc.):
4. Official mailing address (including street name & number, Post Office Box, City, State, and
Zip code) :
~ 31 U . S . H/t·~-fI WA Y ::L
{;U TTe 3/2.
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24 .565,
25-24.569, and 25-24.567 2
5. Florida address (including street name & number, Post Office Box, City, State, and Zip
code):
{p 3 J () ..5 .
3/2
FL
6. Structure of organization:
) Individual M Corporation
) Foreign Corporation ( ) Foreign Partnership
) General Partnership ( ) Limited Partnership
) Other:
7. If individual , provide:
Name:
Title:
Address:
City/State/Zip:
Telephone No.: _ _ _ _ _ _ _ _Fax No.:
Internet E-Mail Address:
Internet Website Address:
8. If incorporated in Florida, provide proof of authority to operate in Florida :
(a) Florida Secretary of State Corporate Registration
Number: -::J>ct 7 0 DO I 0 ~ ~ 79
9. If a foreign corporation, provide proof of authority to operate in Florida :
(a) Florida Secretary of State Corporate Registration
Number:
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 3
10. If using fictitious name d/b/a, provide proof of compliance with the fictitious name statute
(Chapter 865.09, Florida Statutes) to operate in Florida:
(a) Florida Secretary of State Fictitious Name Registration
Number: _____________________
11. If a limited liability partnership, provide proof of registration to operate in Florida :
(a) Florida Secretary of State Registration
Number:
12. If partnership, provide name, title and address of all partners and a copy of the
partnership agreement:
(a) Name:
Title:
Address:
City/State/Zip: _______________________
Telephone No.: _________ Fax No.: ________
Internet E-Mail Address:
Internet Website Address:
(b) Name:
Title:
Address: _______________________
City/State/Zip: ________________________
Telephone No.: Fax No.:
Internet E-Mail Address:
Internet Website Address:
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 4
13. If a foreign limited partnership, provide proof of compliance with the foreign limited
partnership statute (Chapter 620.169, Florida Statutes):
(a) The Florida Registration
Number: _____________________________
14. Provide F.E./. Number (if applicable): _______________
15. Who will bill for your services?
--r ,- r-' /1_ 0 jAO.4.noA,l
Name: I AftN~ I'J9 gt=N r I E: c H NOL{)~Y ~F ~IJJt:e:-~ LP"r v " , r
Address: <03 1 U , 5 . HItJ"HWIiJ'! .1 j ~nr. S/ 2..
City/State/Zip: N 6A!. TJ-I fA ut 7!U:19CH J
P L 33 '-log
Telephone No.: 5 tcl - <3 LJL/ - q 2. 2.. 2...
16. Who will serve as liaison to the Commission with regard to the following?
(a) The application:
Name: C It ~E"y L'I A) C H
Title: /SOOKKl?i? (J e=e
Address: (03 1 () .~. H /~H WA Y :L~ 5n: , 312
City/State/Zip: Noe TJi ? I4LJ1 1:> E: /'ic.H , F L 33'1 b<6
Telephone No.: 5 ' 1- 8 1{4'-92.2.2. Fax No.: 5" /- g 4'-/- ? 7010
Internet E-Mail Address: CA~Y § +~ttN5 PABr:}JT- !eCHIV(JI.... 6I1ry, LO~
Internet Website Address: IN ED @ ±ISIVJSP8R~AlT- T-EoI;VOL.6GY - CLJH
~b) ~fficial Point of Contact for ongoing company operations including complaints and
inquIries:
Name: ~u S A- l\l ? tt L It :r A
Title: A J) M I ~ J oS TI!. A- TD R.
Address: Co 3 r v . ~ . H/ GHW AY:1.. Sw. .3 12
City/State/Zip: ND!?TtI T tl LH 6 E I1 C.1-/ , EL 3"3 yo ~
Telephone No.: 5" 1- <i 'lLJ'lj 2.'2.l.Fax No.: Slo l- gL.{ L} - 7 7 0(0
Internet E-Mail Address: S US AN @ t lffl NSPA/?t:NT - je c..HNOL6&Y - c...oH
Internet Website Address: nAN{'IA~etvT -
I NP b €RT E c.rlNCL£>f>'1 . Go/<-!
(c) Complaint/Inquiries from Customers:
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 5
Name: g ~ ~ rv --prt ft r. A
LJ L
Title: A l? H l A)' f.II!..A Tb I;..
Address: 03 J U. S . H It;..tl WI9Y.1 I Sw . SIL
H
City/State/Zip: tJo /f rH 'PAL 'E1F17t..H ) P I- 33 '1~8
Telephone No.:5 bJ - t;'1'1- 2 2..~" Fax No.: SftJ/ - So/£! · 7 7 0(:,
o
Internet E-Mail Address : S u s.qIV @ -t8AN!>PIY l £.N r - r G"CJIIVOLlJ6Y· C l41
Internet Website Address: INF O fi) ± IfIHJS PM EF"NT - rt;ofN~ l..D 6-'1 . ColV
17. List the states in which the applicant:
(a) has applications pending to be certificated as a shared tenant service provider.
NIl)
I
(b) is certificated to operate as a shared tenant service provider.
NIl}
(c) has been denied authority to operate as a shared tenant service provider and the
circumstances involved.
NIl)I
(d) has had regulatory penalties imposed for violations of telecommunications statutes, rules,
or orders and the circumstances involved .
NIl}
I
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos . 25-24.565,
25-24.569, and 25-24.567 6
7
18. Indicate if any officers, directors, or any of the ten largest stockholders have previously
been :
(a) adjudged bankrupt, mentally incompetent, or found guilty of any felony
or of any crime , or whether such actions may result from pending proceedings.
If so, provide explanation : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
N/A
(b) Officer, director, partner or stockholder and any other Florida certificated
telephone company. If yes, give name of company and relationship . If no longer
associated with company, give reason why not.
NJ~{
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 7
19. Submit the following:
A. Managerial Capability
Give resumes of employees and officers of the company that would indicate sufficient
managerial experiences of each .
B. Technical Capability
Give resumes of employees and officers of the company that would indicate sufficient
technical experience or indicate what company has been contracted to perform technical
service.
C. Financial Capability
The application must contain the applicant's audited financial statements for the most
recent 3 years. If the applicant does not have audited financial statements, it shall so be
stated.
The unaudited financial statements must be signed by the applicant's chief executive
officer and chief financial officers affirming that the financial statements are true and
correct and must include:
1. the balance sheet,
2. income statement, and
3. statement of retained earnings.
NOTE: This documentation may include, but is not limited to, financial statements, a projected profit
and loss statement, credit references, credit bureau reports, and descriptions of business
relationships with financial institutions.
Further. the following (which includes supporting documentations) must be provided:
1. A written explanation that the applicant has sufficient financial capability to provide the
requested service in the geographic area proposed to be served.
2. A written explanation that the applicant has sufficient financial capability to maintain the
requested service.
3. A written explanation that the applicant has sufficient financial capability to meet its lease or
ownership obligations.
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24 .569, and 25-24.567 8
**APPLICANT ACKNOWLEDGMENT STATEMENT**
1. REGULATORY ASSESSMENT FEE: I understand that all telephone companies
must pay a regulatory assessment fee in the amount of 0.15 of one percent of the
gross operating revenue derived from intrastate business. Regardless of the gross
operating revenue of a company, a minimum annual assessment fee of $50 is
required.
2. GROSS RECEIPTS TAX: I understand that all telephone companies must pay a
gross receipts tax of two and one-half percent on all intra- and interstate business .
3. SALES TAX: I understand that a seven percent sales tax must be paid on intra
and interstate revenues .
4. APPLICATION FEE: I understand that a non-refundable application fee of $100.00
must be submitted with the application.
UTILITY OFFICIAL:
/tffJN~ ~UJY-<
Print Name
(2~v
Title
5(;;1 - 8,4'-/- 770fc,
Telephone No. Fax No.
Address:
~v 1T""E!i 3 / 2..
NORTH ?;:J.L.H 3E?7fCff. )
FL
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos . 25-24.565,
25-24.569, and 25-24.567 9
AFFIDAVIT
By my signature below, I, the undersigned officer, attest to the accuracy of the
information contained in this application and attached documents and that the applicant has
the technical expertise, managerial ability, and financial capability to provide shared tenant
service in the State of Florida. I have read the foregoing and declare that, to the best of my
knowledge and belief, the information is true and correct. I attest that I have the authority
to sign on behalf of my company and agree to comply, now and in the future , with all
applicable Commission rules and orders.
I will comply with all current and future Commission requirements regarding
shared tenant services . I understand that I am required to pay a regulatory assessment
fee (minimum of $50.00 per calendar year) and pay gross receipts tax. Furthermore, I
agree to keep the Commission advised of any changes in the names or addresses listed
in the application within 10 days of the change.
Further, I am aware that, pursuant to Chapter 837.06, Florida Statutes , "Whoever
knowingly makes a false statement in writing with the intent to mislead a public servant in
the performance of his official duty shall be guilty of a misdemeanor of the second degree,
punishable as provided in s. 775.082 and s. 775.083. "
UTILITY OFFICIAL:
--z;;.OI'lt1~ ~TWYZ
Print Name
CEO
Title
S~/ - gl/'-/ · 922.2
Telephone No. Fax No.
Address: t) , S . t/1G-IfU)JlfY 1.
•
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 10
CERTIFICATE TRANSFER OR ASSIGNMENT STATEMENT
I, (Name)_____________________________________
(Title)___________________________
of (Name of Company) _______________________________
and current holder of Florida Public Service Commission Certificate Number #
-----
have reviewed this application and join in the petitioner's request for a:
( ) transfer
( ) assignment
of the above-mentioned certificate.
UTILITY OFFICIAL:
Print Name Signature
Title Date
Telephone No. Fax No.
Address:
Form PSC/CMU-37 (07/97)
Required by Commission Rule Nos. 25-24.565,
25-24.569, and 25-24.567 11
Transparent Technology Services Corporation
631 U.S. Highway 1, Suite 312
North Palm Beach, FL 33408
(V) 561-844-9222
(F) 561-844-7706
October 11,2001
Florida Public Service Commission
Division of Records and Reporting
2540 Shumard Oak Blvd.
Tallahassee, FL 32399-0850
Reference: Item 19 of STS Certificate Application
A. Managerial Capability
B. Technical Capability
To Whom It May Concern:
Attached are the Professional Background of Thomas Rietwyk, CEO of Transparent
Technology Services Corporation, and the resumes (9 total) of our employees
substantiating the sufficient experience we possess to provide and perform both technical
and managerial services as they relate to the STS Certificate.
Sincerely,
(
-----
c.J.L"';Y'--', ??-7 v'L
Casey Lynch, I'.
Bookkeeper
:Attachments
Thomas Rietwyk
12932 Inshore Drive
Palm Beach Gardens, FL 33410
Professional Background
Thomas Rietwyk has been in the technology arena approximately 30 years. He
is a graduate of the RCA Institute, T3 Technology Program that was an
intensified school of study in mathematics, physics and electronics.
Tom was invited by one of his instructors to do basic research work at
Maimonides Medical Center, the Edward Nemeith Research Institute in Brooklyn,
NY. Tom spent the next three years doing research and studying the effects of
electromagnetic therapy on animals. This background was a natural for his next
move into the field of sales.
Tom's sales career began with the sale of X-ray products such as processing
solutions, development equipment, recovery, and technical sales. He then went
to work for Gould Corp. selling portable defibrillators throughout the New York
metropolitan area. He was top in sales in the country and ended up as a
Regional Sales Manager over a three-year period.
Through his connection in Gould, Tom worked with manufacturer's reps and felt it
would be a financially lucrative move to become a commission only direct rep.
He went on and started his own company selling medical products and then ran
into the opportunity to be a partner and co developer in the development of the
Vita stat Blood Pressure Machine. This was a successful venture and Tom
eventually sold his New York franchise of the Vitastat Blood Pressure Machine,
moved to Florida and obtained the Florida franchise for this machine which he
ended up selling after three years enabling him to retire for the first time.
Retirement wasn't enough so Tom then became a manufacturer's rep for TEC in
California selling CRT terminals to original equipment manufacturers . After two
years Tom went to Zentec as a salesman and ended up as Vice President of
Sales .
Tom then started Transparent Technology in 1986, a full service company that
sells and services quality communications equipment. Transparent Technology
is an authorized reseller for major manufacturers such as Cisco Systems, Lucent
Technologies, Juniper Networks, Alcatel Internetworking, Extreme Networks and
the like. The company has been profitable since inception and continues to grow
profitably even in the lean times of 2001.
Jeff Blunl
Senior Consultant
Transparent Technology, Inc.
Professional Background
Jeff Blum has been working in the computer networking industry for twelve years. He became qualified as a
Novell Certified NetWare Engineer (CNE) in 1991 after working on Novell and Lan Manager networks for
three years at a large commercial real estate developer. He then worked at an interstate bank where he
researched and designed a four state Wide Area Network (WAN) using NetWare for SAA to connect to multiple
AS/400s, and a $500,000 imaging project to automate the Loan Processing and Servicing Division. While
employed at the bank, Jeff received the experience that later helped him to qualify as an Enterprise CNE and
become a full-time network consultant.
In the summer of 1993, Jeff Blum worked toward and attained Certified NetWare Instructor (CNT) status. He
was the primary instructor and one of the senior consultants for an NAEC and Novell Platinum Reseller located
in Ft. Lauderdale, Florida. He consulted and taught for companies such as Office Depot, Coulter Corporation,
and Burger King. Jeff then became a Microsoft Certified Trainer (MCT) and Microsoft Certified Systems
Engineer (MCSE) through extensive experience with Microsoft Windows NT, Windows 95, MS Exchange and
TCP/IP .
Jeff joined the BlockBuster Entertainment Group as a consultant in December 1996 to work in their Wide Area
Network group. He helped manage and move a large Cisco Router network from Ft. Lauderdale, FL to
,,- Blockbuster's new offices in Dallas, TX. He was a lead designer and manager in a network that supported IP,
IPX, Appletalk, SNA and DECNet traffic utilizing OSPF over a network of Point-to-Point TIs, Redundant
Frame Relay routers, an ATM link, Token Ring Remote Source-Route Bridges, and Transparent Bridges. The
infrastructure consisted of7513 routers, 4500 routers , 250 112502 routers, and Catalyst 1900/2900/5000
switches. He also utilized Distributed Network General Sniffers to solve SNA and Token Ring problems,
managed and upgraded their corporate DNS structure, and designed/troubleshooted multiple WINS servers for
the LAN department.
Jeff has helped many companies like ADT, American Media, Mayor's Jewelers, Mercantile Services ProxyMed
and Pediatrix Medical Group grow and maintain their network by keeping long-term relationships with them .
Acting in whatever capacity is required (designer, installer, project manager, business consultant and
trainer/coach) Jeff has helped their employees overhaul , upgrade, and fine-tune their IS systems.
While still keeping 'hands on' with Windows NT and Novell NetWare servers, Jeff has been focusing on
working with Cisco routers, switches, firewalls, and associated management software for the last 2 years.
Among many recently completed projects, he designed and installed a new $650,000 core network for the Sun
Sentinel, built a fully redundant office and web hosting network for Gerald Stevens, Inc., and designedlinstalled
a 30+ router frame relay network for Jan-Bell Marketing. In February 2000, Jeff completed the Cisco CCIE
certification process, he is now CCIE #5577. Jeff is very active with the local Cisco sales office and runs the
monthly Cisco User Group (CUG) practice lab and training sessions.
Napoleon E. Crowe
3970 NW Cinnamon Circle (temporary)
Jensen Beach, FL 34957
Home:(561) 692-8043 Cell: (3 03) 601-7862
lisauc@mindspring.com
EDUCATION & SPECIAL PROFESSIONAL TRAINING
• PALM BEACH ATLANTIC COLLEGE B.S. May, 1991
Double Major: Computer Information Systems & Business Administration
• FLORIDA ATLANTIC UNIVERSITY 1992 (Begin Masters Degree Program)
Software Engineering
CERTIFICATIONS
Cisco Certified Network Professional - CCNP
Cisco Certified Design Professional - CCDP
Cisco Certified Design Associate - CCDA
Cisco Certified Network Associate - CCNA
Certified Novell Engineer - CNE - NetWare 3.1X, 4.X
(Currently pursuing Cisco Certified Internetwork Expeert - CCIE)
SPECIALTIES, OPERATING SYSTEMS, & PROTOCOLS
LocallWide Area Networks Windows NT Novell NetWare NAI Sniffer
Multiprotocol Network Design Cisco lOS Catalyst OS OSPF
Citrix Winframe Frame Relay TCP/IP IPX
BGP Firewall- 1 EIGRP ATM
EXPERIENCE
SHC DATACOMM DENVER, CO
Systems Engineer II 2000 - present
• Pre-sales Engineering for a nationwide, multibillion dollar, "Cisco preferred provider" , company listed on the
NYSE (also the largest reseller of Cisco and Norte! networks).
• Designed and implemented Cisco, Nortel and Extreme Networks solutions across the full network life cycle, from
assessment through operational support.
• Assisted customers, of one of the largest network integration companies in the U.S, in optimizing networks,
though careful assessment of the existing network environment and through analysis of unique business goals, IS
resources, budget, time frames and technology needs.
• Designed and implemented comprehensive technology solutions including Cisco AVVID, campus LAN, content
delivery networks, wireless LANs and MANs , firewa lls, VolP , and VPNs , to help customers achieve strategic
objectives and grow into future requirements.
• Planned, designed , delivered and managed end-to-end data, network and e-business integration solutions and
delivered open-standard New World broadband and next generation services to customers.
• Design includes: WAN and LAN design, Routing and Switching, Managed Services, Remote Access, Internet
Access , Network Access and Addressing design , Network Assessment, Network Backbone design , Network
Management design , Proof-of-Concept Testing and Vulnerability Assessment.
• Delivery includes: Bill of Material preparation, installation , Logistics coordination, Product Inventory and
Procurement, Proposal development, Project Management and Staging.
• Management includes : Enterprise Network Management-LAN / W AN , Enterprise Network Support and On-Site
Engineering.
INTERLINK GROUP, INC. DENVER,CO
Solutions Arc hitect (Consultant) 1998 - 2000
• Denver Health Hospital Authority
• Managed hospital LAN/WAN with over 2800 users, using Cisco 85 10, nOOVXR, 55XX, 50XX, 29XX, 26XX,
25XX, PIX, and AS5300. Other products involved were HP's Network Node Manager and NAI's Distributed
Sniffer.
• Project lead on new IP/IPX scheme for campus and remote sites. This included: IPIIPXNLAN layout; capacity
planning; overhaul of configurations on core and distribution routers/switches; reconfiguration of server farms
connectivity; implementation ofHSRP and DLSw; custom and fair-weighted queuing ; and general updates on all
routers and switches on the LAN/WAN.
• Integrated multiple departments, including the emergency department, into the hospital network.
• Along with other engineers helped acquire a 99.9% uptime compared to a 66% uptime 2 years previous.
• Implemented new frame relay/ DSL layout for remote school clinics.
• Project lead for implementation of dual SONET connections running multilink PPP , ATM for DSL connections,
and Frame Relay to multiple vendors.
• Setup test lab consisting of three Cisco 7206's, a 5005, two 2916's, and mUltiple 25XX' s.
• Assisted in setup of PIX, access firewall lOS on 7206VXR's, and security strategy for the hospital and it's multiple
vendor connections.
• Worked closely with two hospital employees training them on protocols, efficient routing/switching, concepts of
best practices.
• City and County of Denver
• Assistance with implementation / management of ATM backbone over OC-3 & DS-3 links, providing
connectivity to over 5,600 users.
• Implemented / configured HP Openview (NT) SNMP based network management consisting of3Com
Transcend.
• Implemented/maintained more than 100 routers and switches, including 3Com CoreBuilder 3500's, 9600's,
7000's & 5000's; Netbuilder II 's; Cisco 3640, 25XX & 16XX s; and others.
• Implemented / configured/ maintain Check Point Firewall-l NT based VPN Firewall.
• Managed IPX, TCP/ IP, Netbios, Netbeui & Appletalk (Etalk) on NT, Netware 3.x, 4.x and 5.0 servers.
• Managed two city employees in Communications Dept. including tutelage on protocol management, liaison with
communication companies to acquire access for outlying areas via T 1 & T3 connections. and serve as primary
technical contact for all network data communications .
• Distribution Resources Corporation
• Design of Firewall-I and Proxy strategies; Design and implementation ofDHCPIDNSIWINS ; Digital/analog dial-in
access; Implementation of Cisco routers for Internet connectivity/WAN connectivity.
MERCEDES HOMES, INC. MELBOURNE, FL
Senior Network Specialist/Manager 1997 - 1998
• ImplementatiOn/maintenance of: (l) a twelve site-250 node-22 server WAN running Cisco, Ascend, Adtran, NT,
NetWare, SCO UNIX & Citrix , all using TCP/IP & IPX; (2) web servers; & (3) MIS standards and policies.
• Worked closely and shared space with company owned ISP and assisted ISP's business c lients in connectivity and
security.
• Directed company in current and future technologies, including Voice Over IP , network management software, Help
Desk creation, network documentation, migration to new OS's, etc., and management of technical team of two PC
Specialists and two Network Specialists.
COMPUTER NETWORK ASSOCIATES, INC. MELBOURNE, FL
Vice President/Technical Services Manager/Account Executive 1993 - 1997
• Controlled all aspects of company (including clients and employees), directed company in applicable cutting edge
technologies, and performed purchasing, inventory management and trade show exhibition functions .
• Implemented /maintained/consulted for networks with up to 900 users, remote access solutions, WAN solutions,
e-mail , premise cabling, and hundreds of other sol.utions for networks and/or desktops.
• Created security, Internet access, web site design , and document imaging solutions.
SojtCOMM MELBOURNE, FL
Vice President/Technical Services Manager 1992 - 1993
• Established company, performed purchasing, management, corporate alliance, inventory management, inside and
outside sales, consulting and support;
• Provided NetWare and desktop consulting and aJ I associated hardware services as well as implemented large scale
groupware solution for a central Florida city.
Eric T Rietwyk
8650 Satelite Terrace
Lake Park, FL 33408
561 718-6937
Transparent Technology, North Palm Beach, FL 33408 1997 - Current
Office/Sales Manager
• Responsible for performance of our sales team against quota. ($2 .2 Million in
Gross Margin YTD.)
• Oversee handling of key accounts, and generate new accounts for the sales
team .
• Manage the customer service function and supervise our employees responsible
for processing orders, corresponding with customers , and ensuring customer
satisfaction .
• Plan, organize, and implement sales programs for the organization . (ie $100
bonus for hitting quota, free lunches, BMW for the week, etc.)
• Coordinate forecasts and review reports to insure accuracy before presentation to
CEO on weekly basis.
• Plan for and responsible for achieving overall sales objectives.
• Acts as a liaison between CEO, and Transparent Technology to allow him to
pursue Real Estate, and other interests.
• Assume respons ibility for A/R and collection of monies due to Transparent
Technology.
Transparent Technology, North Palm Beach, FL
Sales Manger
• LAN / Wan consultant and customer relations manager.
• Managed sales force and administrative team while increasing sales and
exceeding set quotas.
ALLCAD Inc., North Palm Beach, FL 1995 - 1997
Sales Executive and Account Manager
• Duties included (but not limited to) qualifying and selling high-speed Internet
access (broadband, frame relay, ISDN, DSL), state-of-the-art website
development, website hosting, Internet advertising and search engine submission
campaigns.
Alamo, North Palm Beach , FL 1994-1995
Rental Agent
Achieved awards and special recognition for performance and customer service,
while increasing revenues.
EDUCATION:
Associate's Degree: Associate of Science with honors from PBCC.
Pa e 1 of 3
15257 Ixora Rd. Home: 561-498-3118
Delray Beach, FL 33484 Email : caseylynch@yahoo.com
SUMMARY
Multi tasking, people oriented Office Manager/Bookkeeper with over 20 years experience in
manufacturing, sales, and fund raising/not for profit fields . Office managerial functions range from
Human Resources, Purchasing, Sales, Fund Raising Events, Research, and departmental liaison
while the bookkeeping functions are inclusive through general ledger and federal/state quarterly
taxes.
PROFESSIONAL EXPERIENCE
Transparent Technology Corp., North Palm Beach, FL 33408 Sep. 2001 - Current
Full Charge Bookkeeper
Temple Israel, Orlando, FL Feb. 2001 - Aug. 2001
Full Charge Bookkeeper responsible for revamping accounting procedures.
• Established new chart of accounts for the bookkeeping system to incorporate various levels of
endowment funds and automatic tracking of same.
• Streamlined and updated procedures for receiving and billing donations.
• Responsible for all bookkeeping duties, i.e., receivables, payables, invoicing for dues and school
tuition, collections , customer relations, purchasing , payroll.
• Prepared monthly financial and budgetary reports for the Board of Directors.
• Established cash status, income and budget reports which could be accessed by appropriate
personnel on a daily basis with the push of a button.
• Attend and help organize various fund raising events.
Valencia Community College Foundation Inc., Orlando, Florida 1996-2001
Office/Accounts Manager responsible for human resources, purchasing, research, coordinating fund
raising events and bookkeeping functions.
• Received all forms of donations, deposited to appropriate accounts within appropriate endowment
funds, and maintained and tracked over $30 million in assets located in various portfolios.
• Instituted more efficient procedures for receiving stock donations eliminating loss time for turning
stock into cash .
• Established and maintained electronic filing system to enable direct deposit of employee paychecks,
IRS tax payments, and electronic collection of receivables .
• Reorganized and maintained credit card receipt process.
• Implemented and maintained Budget processing and timely reporting system for all departments.
• Switched accounting system to new , more flexible accounting software which accommodated rapid
growth the foundation was experiencing.
• Developed and maintained Access database with 15 to 20 search fields of several hundred donor
accounts wh ich reduced information retrieval from several hours to minutes .
• Responsible for all bookkeeping functions , i.e., invoicing , accounts receivable/payable , payroll,
budgets, general journals, general ledger, quarterly state and federal tax reports and year end W2's .
• Human resource duties including maintaining personnel records; manage workman 's camp, health,
dental and life insurance programs ; recruitment, hiring and termination of part time employees.
• Worked fund raising events which required receipt of cash and/or credit card donations and
responsible for same .
• Arranged quarterly Board of Director's meetings from sending out invitations, ordering food,
preparing and distributing financial statements to recording the minutes.
Pa e 2 of 3
Limited Gaming of America, Inc., Daytona Beach, FL 32118 1993 - 1996
Office Manager/Bookkeeper responsible for the human resource functions, purchasing, research
and bookkeeping functions.
• Set up new office in Daytona Beach for Management Holding Company relocating from Denver, CO
inclusive of securing leases, insurance (liability and medical), purchasing furniture & fixtures, phone
system, computers, supplies, etc.
• Took over books from CPA firm in Denver and implemented new accounting system. Setup and
maintained books for anywhere from 3 to 5 separate companies at anyone time, generate payroll,
sales commissions, manage accounts receivable/payable, inventory, financials & reports, prepare
quarterly taxes and work with outside CPA for fiscal year end taxes for all companies.
• Coordinated the purchase of materials, heavy equipment, labor and transportation for construction
of a hunting camp on an island in the Mississippi River.
• Traveled occasionally to holding companies, selected advertising media, and prepared brochures.
Laser Industries, Inc., Lawrence, MA 1981 - 1993
Manager, Administration
• Coordinate Engineering, Manufacturing, Quality Control, Financial & Administrative Departments .
• Execute accounting & finance related functions; update manual accounting system to computer,
prepare cash flows and manufacturing forecasts , general ledger, quarterly state & tax filing , payroll,
purchasing , inventory, accounts payable/receivable, inVOicing; establish credit terms with customers
and vendors and responsible for credit collections.
• Coordinate customer service and support of sales process functions. Take active role in daily
customer contact as well as in dispute settlements internally and externally. Follow up of sales
quotes and delivery of incoming and outgoing materials.
• Supervision of clerical, order processing, and shipping/receiving departments.
• Perform human resource functions: recruiting & employment, personnel relations, compensation &
benefits, and administration of state and federal regulatory requirements
Peabody Trading Company of Boston, Boston, MA
1980 -1981
Office Manger/Accountant
• Maintain General and Customer Segregated bank accounts as well as general ledgers for each of
15 commodity pools, audit monthly computer runs for daily trades against P&L Statements issued
by the Chicago Mercantile & New York exchanges.
• Maintain Accounts Payable/Receivable, Payroll, and Personnel functions as well as Supervision of
Computer & General Office departments.
General Tire Plastics International Co., Lawrence, MA 1976 - 1980
Administrative Assistant responsible for the department financial controls and distribution of
financial information to Corporate Headquarters.
• Control of all interdivisional billings, disbursements, vendor invoicing, handling of international
freight claims, computation of ProForma invoices for Import Permits ad Letters of Credit. Computed
and distributed semi-annual price lists per product category to clients and salesmen.
• Liaison with plant controllers throughout the U.S. to purchase their goods and sell them
internationally.
• Set up and operated "freezone" warehouse in Germany for storage and distribution of products in
Europe.
Pa e 3 of 3
EDUCATION
Kent State University, Business Administration minor in Accounting
New Hampshire College, Marketing
SOFTWARE PROFICIENCY
Microsoft Word , Access, Excel, Power Point; Lotus, Various Accounting software including but not
limited to Peachtree, Quicken, Real World, MICRO/CFMS, Raiser's Edge, ChaverWare.
OTHER
Notary Public, Certified Senior Advisor, VITA Volunteer during tax season.
REFERENCES
Furnished upon request.
Transl2~ent TechnolQgy, North Palm Beach, FL 1999-Current
PUI'chasing Manager
• Create purchase orders based on Sales Dept. requirements, tmck P.O. 's, maintain vendor database
as well as correspond with vendors.
• Check vendor invoices for accuracy and then enter them into accounts payable, ad as liaison for all
vendor wire t!"Clnsfer transactions, and pursue credits due the company for mischarges and RMA's.
• Create packing slips and generate sales invoices and customer st3temellts for either mail or email
transmission, depending on customer request.
• Provide weekly AIR repolts to sales reps showllJg each rep. and their deals, occasionally assist with
AIR follow-up on past due funds, and enter all credit card transactions.
• Provide weekly reports regarding sales orders, hack logs, shipping, gross margin, commissions,
sales rep. bonuses, open P.O. 's backorder status, RlVIA's, quote reports, loans, AlP, AIR and
deposits.
• Tr3ck all maintenance contracts for vendors, activate all Cisco maintenance packages, assist with
any defective/DOA equipment issues.
• Maintain database and fIling system for P.O.'s, packing slips, invoices 3nd credit memos. In
addition, maintain database of all maintenance contracts with all vendors, i.e., Cisco, Foundry,
Juniper, Lucent, Extreme, Riverside, and have II1fonnation on hand for customer's who call
requesting contract tt, serial tJ, expiration, etc.
• Prepare monthly inventory report; track all equipment loanedlretumed to COmpilny.
• Oversee shippinglreceiving department.
• Enter petty cash checks, weekly payroll charges and customer payments into Peachtree accounting
software.
The Cooker Bar & Grille 1992- I 999
1992 - 1993 Ft. Myers location; 1993 - 1998 Altamonte Springs location
J 998 - 1999 West Palm Beach location 1998 - 1999 Corporate Office (West Palm Beach)
Accollnts I'ayable Specialist (\Vest Palm Beach)
• Maintain vendor relations on behalf of store locations.
• Research vendor statements, questionable invoices, credit memos and payments.
• Examine and sort weekly incoming location mail containing AlP and depilrtmental mall.
• Verify all weekly store invoice entries in accordance to Platinum general ledger reports; document
and rekey any discovered entry elTors.
• Code and key all AlP mail including all store lucation and corporate utilities, all remaining
corporate invoices, and all payroll garnishes bi-weekly.
• Aid in completion of check runs, which IIJvolved remittance address verification and mass mailing.
• Estiiblish new vendors by obtaining complete information to comply with 1099 requirements.
• Update and maintain entire Accounts Payable filing system.
• Relieve receptionist when necessary by handling main pflOllC system to answer all incoming calls
to Corp. Office.
-
Computer Experience: Microsoft Outlook, Excel and Word; Peachtree, QuickBooks, and Platinum
SQL Accounting; Lotus J 23, UPS On-Line; Fed-Ex On-line
Education: North Fort Myers High School, North Ft Myers, FL
Diploma with Honors, G.P .A. 3.79
Edison Comnulnity College, Ft. Myers, fL
J99]-1993, G.PA . 3.48
References: Furnished upon request.
Randall N. Branam
I 121 I S. Military Tr.
Boynto n Beach, FL 3343 6
SUMMARY
Sales Representative
WORK HISTORY
2000-Present Assistant Sales Manager, Transparent Technology Corp. - North Palm Beach,
Florida
Drive business through the sale of product while assisting the direction of
subordinate sales members to the same.
• Develop strategic partnerships with key market groups
• Foster/maintain customer base and prospect resources
• Marketing campaigns to drive company awareness and sales through online
advertising, print, and telemarketing
• Design and implement network solutions in a consultant capacity to satisfy
customer needs
1999-2000 Youth Minister, South Florida Church ofChrist- Miami Lakes, Florida
Facilitated the growth and spiritual well being of a membership of over 70 teens and
volunteer teen workers.
• Coordinated with two other regional counties for support and resources
consisting of over 150 members and volunteer workers .
• Planned , coordinated, and executed various events, activities, fundraisers,
nationally recognized community help and outreach programs, and special
functions both in the church and in the community under the direction and
approval of an advisory board and within the confines of a strict budget.
• Responsible for the solicitation of established business partners, as well as cold
contacts, to sponsor events and activities with supplies, services and facilities.
1996-1999 Avionics TechniCian, United States Coast Guard - Air Station Miami, Florida
Managed work crews in the maintenance of all avionics, communications, and
special sensory equipment on board two different airframes, as well as all transient
aircraft when required , to military specifications in the fast-paced and goal oriented
environment of the busiest air and sea rescue unit in the world!
• Was assigned to a special work force in charge of implementing new technical
orders and consulting many civilian and military businesses, national and
international , for the procurement of services and equipment, specific technical
design implementation, field operation changes, and supply concerns.
• Oversaw NVG lab tracking government contracts, contract expiration and
renewal dates, equipment fatigue and field performance.
• Technical and operational liaison between military command and supply
agencies facilitating specific expectations for product, supply, and performance.
1993-1995 Boatswainsmate ofthe Watch, USCGC Chase - San Pedro, California
Commanded duty sections, watch sections, federal law enforcement detachments and
entire deck-force crew in operational evolutions vital to the unit's success and
mission effectiveness.
• Managed ship's helicopter shop division of equipment, supply, operation and
training of helo deck personnel vital to the availability and effectiveness of the
deployed helicopter and its crew.
• Managed government base of civilian and military bu sinesses, national and
international, to consult and plan for the procurement of services, confer on
equipment concerns , technical design, and high volume supply and demand.
• Maintained equipment operation and workflow, through management of the
duty section, while ensuring the quality of operations and deadline compliance.
EDUCATION
1996 Aviation Technical Training Center, "c" School - Elizabeth City, NC
1995-1996 Aviation Technical Training Center, "A" School - Elizabeth City, NC
1991-1993 North Harris Community College - Kingwood , TX
ULYSSES E. PACHECO
2234 N. W. 81 Terr., Sunrise, FL 33322
Phone: (954) 5 72-7191
Employment
SALESPERSONINETWORK ADM[ NISTRATOR 200 l-Current
Transparent Technology, North Palm Beach, Florida
Original employment responsibilities for Sales included selling data routing equipment, developing client
relationships, and heading up email campaign to consenting prospects & clients.
Currently, as Network Administrator, my responsibilities include establishing reliable & scalable data network &
telecommunications systems for a new office building that Transparent Technology has purchased and moving in to.
• Computer hardware - data network cabling, printer troubleshooting, PC repair & upgrades, software
installation & updating.
• Network Administration - Administer all user connectivity requirements, manage email, manage website
configurations including IP addressing, ensure network backup re liability.
• Software - MS Office, Outlook & Outlook Express, MS Word, MS Excel, Windows 3.1195/98INT Server,
Windows 2000 Profess ional & Server, MS Exchange Server, Frontpage 2000Imail Internet Email
Administrator.
COMPUTER TECH NICIAN 1997-2001
Computer Link, Miami, Florida
Employment responsibilities include building, repairing and upgrading PCs , installing and maintaining networks,
software installation, and user support.
• Computer hardware, network & telephone cabling, printer troubleshooting.
• Network Administration - Contracted for initial network installation , upgrading, and periodic maintenance .
• Software - MS Office, Outlook & Outlook Express, Word Perfect, Windows 3.1195/98INT Server, Windows
2000 Professional , 3D Animation, audio & video editing software.
• Networking - cable connections, PC & server security configuration , TCPIIP, NetBEUI , IPX/SPX, routers,
hubs, switches.
• Projects - Install a 30 workstation network at Tradewinds Power Corp. (Miami , FL), Install a 15 workstation
network at Preferred National Investment (Coral Springs, FL) , Ran network cabling for 50 PC's and terminals
over 4 floors at T-Square (Miami , FL), Ran network & telephone cabling for 205 PC's and telephone over 2
floors at Miller Construction (Fort Lauderdale, FL), Networked all City of West Miami departments (City Hall,
Police Dept., Public Works, & Community Center)
PHONE TECH NICAL SUPPORT 2000 (3 MONTHS)
Cybergate Intern et Service, Fort Lauderdale, Florida (Evenings)
Duties included customer technical sUppOl1 for various dial-up issues and new employee training while gaining
experience with the following:
• DOS , Windows 3.1, 95, 98, NT Server and UNIX Operating Systems.
• Outlook, Outlook Express, Internet Explorer, Netscape and Lotus Notes.
• TCP/IP addressing, modems and bilingual phone support.
ULYSSES E. PACHECO
COMPUTER TECHNICIAN 1996-1997
Wilson Alvarez Consulting Group, Miami, Florida
Responsibilities included building , repairing and upgrading PCs, software installation, user support.
• Computer hardware, network & telephone cabling, printer troubleshooting.
• Software - MS Office, Outlook & Outlook Express, Word Perfect, Windows 3.1/95 , audio & video editing
software.
• Networking - cable connections, PC & server security configuration, TCPIIP , NetBEUI, IPX/SPX, routers ,
hubs, switches.
• Upgraded 80 servers' operating system and troubleshoot some of the servers for
existing problems. This job was done for the Bi-Lo Grocery Store chain in South Carolina, Maryland,
Virginia, & Pennsylvania
Education
Miami Springs Senior High School Diploma 1986
Florida International University (Broadcast Production) 1994-96
Skills
• Fifteen years of experience with computer technology and its developments .
• Bilingual (English and Spanish).
• People skills developed from years of customer service positions.
• Public speaking and teaching .
• A+ CERTIFIED at Sylvan Prometric in Plantation, Florida on 4/28/ 1999.
Susan R. Palaia
1701 Marina Isle Way, #206
Jupiter, FL 33477
Phone: 561-624-4096
Transparent Technology Services Corp., North Palm Beach, FL 33408 olI98-Current
Administrator
• Liaison between Mr. Rietwyk and various other concerns be they internal or external.
• Oversee build out construction of new property, approve bills for payment against contracted
work done, ensure that contracted work is carried out according to previously agreed upon
requirements and time schedules. Maintain constant communication with contractors.
• Oversee customer service with all service related functions of the company. These functions
are broad in scope and cover such areas as property rental and maintenance, advertising, web
hosting, flight services, travel provisions,
• Process financial, legal, insurance or contractual forms relative to conducting business on
daily basis.
• Produce invoices for services, reconcile bank statements to accounts, files sales tax report
monthly, maintain all insurances on airplanes and cars.
Transparent Technology
• Receive mail, record accounts payable invoices, cash receipts, and process bank deposits.
• Prepare payments and submit for signature.
• Process payroll weekly, maintain employee files and all relative paperwork pertaining to
employee hiring, health benefits, etc. Conduct interviews as needed.
• Oversee shipping and receiving functions.
• Prepare advertising copy as needed.
S & R Development, North Palm Beach, FL 33408
• Process sales contracts regarding property purchases.
• Implement and oversee maintenance and repairs on properties.
• Collect and maintain rental payments and related information.
Int'!. Software Systems Solutions, Inc., Palm Beach Gardens, FL 1996-1998
• Perform Administrative Assistant functions as well as keep and maintain company AIR, AlP
and Payroll using Quick Books Pro.
• Responsible for computer program documentation.
Palaia Concepts Inc., Makati, Philippines 1986-1996
• Owned and operated Palaia Concepts, a company which started out in the restaurant
business, offering chef cooking demonstrations, classes and catering contracts.
• Marketed a diverse range of merchandise to local patrons ranging from baked goods,
ceramics and jewelry from local artists, sterling silver tableware and high quality partyware
imported from Italy.
• Maintained all accounting, insurance, shipping, receiving, etc. myself.
• Closed the company to move back to the United States.
MATTHEW DYLAN MCKINNON
150 Andrews Ave.
Delray Beach, FL 33483
Home: (561)276-2334--Cell: (954)415-2636
mattmckinnon33@hotmail.com
EXPERIENCE SENIOR SALES CONSULTANT, Transparent Technology
North Palm Beach, FL, September 2000 - Present
Authorized reseller for Cisco Systems, 3Com, Avaya, Nortel Networks
Juniper Networks, Extreme Networks, Foundry Networks and NBase Xyplex.
• Improved productivity of businesses after consulting end users with
their data communications and internetworking requirements
TERRITORY MANAGER, 3Com Corporation
Boca Raton, FL, October 1999 - May 2000
Responsible for selling 3Com Network System Products (LAN/WAN) in
South Florida in order to meet $5.5 million quota.
• Developed and implemented a strategic account plan that helped
achieve quota (123%) and bonuses
• Successfully worked in conjunction with 3Com partners to introduce
key customers and identify new accounts
• Developed relationships with other 3Com organizations to ensure
customer satisfaction
• Sold 3Com's largest wireless LAN in North America
DISTRICT SALES MANAGER, NBase Xyplex
Fort Lauderdale, FL, November 1996- October 1999
Implemented sales tactics and programs in order to meet assigned quotas for
LAN & WAN products in Florida and the Caribbean.
• Presidents Club
• Directed smooth transition of direct accounts to channel partners
• Recruited and managed VARS
SALES DEVELOPMENT REPRESENTATIVE, NBase Xyplex
Littleton, MA, March 1995-Nov 1996
Responsible for prospecting potential and existing customers for sales
opportunities within the computer networking industry. Qualified
prospects and worked in conjunction with Sales Managers in closing
business.
• Leads generated resulted in over $2 million in revenue in FY96
• Exceeded every quarterly quota assigned to my region
EXECUTIVE EDITOR, Government Procurement Bureau, Inc.
Andover, MA, March 1994-March 1995
Executive Editor of the Computer Bid Report, a weekly
publication containing verified sales leads within the computer
industry. Responsible for: Editing, Research, Production,
Marketing, Sales, Sales Support, Customer Service, Database
Management, Collections and Printing.
• Employed and trained research staff and sales force
• Responsible for marketing strategies
• Company's top salesman
• Key decision maker
• Helped build company from three to fifteen employees
ASSISTANT, Sports Information Department, UMass-Lowell
Lowell , MA, Aug. 1992-March 1994
Gathered statistics during NCAA events. Assisted in various facets of the
department. Gained valuable experience concerning the operation of a
NCAA Sports Information Department.
REPORTER, UMass Athletic Development Department
Amherst, MA, Sept.1991-May 1992
Investigated and wrote articles for the Tradition, a newsletter published by
the UMass Athletic department. Gained experience concerning the
promotion of college athletics.
COMPUTER SKILLS Windows 2000 , Goldmine, Microsoft Office, Excel, Word 6.0, Alpha Four,
Pagemaker, DBase, Lotus, IBM, Macintosh, Word Perfect, Act
EDUCATION BA Degree in Journalism , 3.3 GPA
B.S. Degree in Sports Management
University of Massachusetts at Amherst--May, 1992
Dean's List
INTERESTS Delta Upsilon Brother of the Year, Fundraising Volunteer for the Jimmy Fund,
Golf, Racquetball, Cross Training, Guitar, Reading
REFERENCES Furnished Upon Request
Transparent Technology Services Corporation
631 U.S. Highway I, Suite 312
North Palm Beach, FL 33408
(V) 561-844-9222
(F) 561-844-7706
October 11, 2001
Florida Public Service Commission
Division of Records and Reporting
2540 Shumard Oak Blvd.
Tallahassee, FL 32399-0850
Reference: Item 19 of STS Certificate Application
C. Financial Capability
To Whom It May Concern:
Transparent Technology Services Corporation was incorporated 12/30/97. Due to moves
in location and changes in both accounting software and bookkeepers, we are only able to
supply you with our 6/30/2001 year end balance sheet, income statement, and statement
of retained earnings. These statements are unaudited at this time and as stipulated in your
instructions, have been signed by the CEO, Thomas Rietwyk, to be true and correct to the
best of his knowledge. Also attached to this letter are the Form 1120 U.S. Corporation
Income Tax Retums for the past three years.
Should you have any questions or require further paperwork, please call 561-844-7706 at
your convenience.
Sincerely,
(
)
C'( vPjr L f-nc/L
£/
Casey Lynch,
Bookkeeper
: Enclosures
'1, .ANSP ARENT TECHNOLOGY SERVICES CG.
Balance Sheet
June 30, 200 I
ASSETS
Current Assets
MERRELL ACCOUNT $ 2,696.25
CITffiANK OPERATING ACCOUNT 1,755 .80
ACCOUNTS RECEIVABLE 300,096.46
Total Current Assets 304,548.51
Property and Equipment
ACCUM. DEPRECIATION/AUTO < 18,886.00>
Total Property and Equipment <18,886.00>
Other Assets
AIRPLANES 377,721.25
Total Other Assets 377 ,721.25
Total Assets $ 663,383.76
LIABILITIES AND CAPITAL
Current Liabilities
SHAREHOLDER LOAN $ < 16,659.20>
ACCOUNTS PAYABLE 50,634 .35
TRANSPARENT LOAN 440,827.38
Income Taxes Payable 409.00
Total Current Liabilities 475,211.53
Long-Term Liabilities
Total Long-Term Liabilities 0.00
Total Liabilities 475,211.53
Capital
PAID-IN CAPITAL 500.00
RETAINED EARNINGS 56,264.86
Net Income 131 ,407 .37
Total Capital 188,172.23
Total Liabilities & Capital $ 663,383.76
This Balance Sheet is unaudited. As CEO r affirm this y knowledge.
Page: I
TRANSPARENT TECHNOLOGY SERVICES CORP.
Income Statement
For the Twelve Months Ending June 30, 2001
Year to Date
Revenues
SALES-WEBSITE RENTAL <3,734.97> < 1.21 >
INSTALLA TION INCOME 63,275.00 20.42
INTEREST INCOME
SERVICE CONTRACT INCOME
Total Revenues
302.92
250,000.00
309,842.95
0.10
80.69
100.00
-
Cost of Sales
Total Cost of Sales 0.00 0.00
Gross Profit 309,842 .95 100.00
Expenses
ADVERTISING 195.00 0.06
AUTO EXPENSES 896.26 0.29
AIRPLANE EXPENSE 38,410.00 12.40
FORD 150 LEASE 6,014.25 1.94
BANK CHARGES 375.00 0.12
BONUS 2,000.00 0.65
DUES & SUBSCRIPTIONS 733.45 0.24
FREIGHT/SHIPPING 357 .07 0. 12
GIFT EXPENSE 73.14 0.02
INCOME TAX EXPENSE 11,134.00 3.59
INSTRUCTIONAL/TRAINING 7,275 .50 2.35
INSURANCE 11 ,476.81 3.70
INTEREST 10,395.95 3.36
LEGALIPROFESSIONAL FEES 10,466.21 3.38
LICENSE EXPENSE 10.00 0.00
MAINTENANCE 217.99 0.07
ENTERTAINMENT 1,184.58 0.38
OFFICE SUPPLIES 5,533 .80 1.79
PAYROLL EXPENSE 2,500.00 0.81
PENAL TIES & FINES 10.00 0.00
RENT~EASEEXPENSE 3,675.00 1.19
REPAIRS 274.07 0.09
COMPUTER INSTALL./CONSULTATI 39,880.00 12.87
TELEPHONE EXPENSE 58.58 0.02
TRAVEL EXPENSE 16,722.45 5.40
TRA VEL (MEALS ONLY) 673.51 0.22
Other Expense 7,892.96 2.55
Total Expenses 178,435.58 57.59
Net Income $ 131,407.37 42.41
..
This Income Statement is unaudited. As CEO I affirm this s ment is true and correct to the best of my knowledge.
/"
Page: I
TRANSP ARENT TECHNOLOGY SERVICES COk.. .
Statement of Retained Earnings
For the Twelve Months Ending June 30, 2001
Beginning Retained Earnings $ 56,264.86
Adjustments To Date 0.00
Net Income 131,407.37
Subtotal 187,672.23
Ending Retained Earnings $ 187,672.23
This Statement is unaudited . As CEO I affirm this stat wledge.
Thomas Rietwyk,
U. Corporation Income Tax R Jrn
"arm 1120
Departme nt of Ihc Treasury
For ca lcnca r year 1999 or , "A year beginning 7 / 1 .1999. ending 6/3 °
~ Instructions are separate . See page 1 'or Paperwork Reduction Act Notice .
2 ° °°° 1999
Interna.l Revenue Service
A ChecK II a.: Use B Employer,denliflc.>lIoonumbcr
1 Con501ld alca rclurn
:, \la.Ch ror m OSl) o IRS
label.
T RANSPARENT TE CHNOLOGY S E RVICES, INC. 65-0824972
~ r so nal hOIOlng co . 0 Other 631 US H IGHWAY 1 #312 C Dal e locor oorateo
.dl!.lcn Se h . ?H)
J ~erson.}1 :;crvlcc coro.
wise, WEST PALM BEACH, fL 33408 12 /30/1997
t..lS cef ::1I!d Ul please o Tota.l assets (see page 6 of instructions)
':- em::>C.~J(·1 Regs.
print
:;ec. :.'~<l : _4T_
::>ec'r.:;'rtJCllons) o or type.
E Chec,.100llCJOICDOXCS: (1)0 ;nlilaircturn (2)0 Flnalr etur.1 (3)0 Ch.lnqcoladdrcss S 386,280
1 a Grcss rece ipts/sa le s i 260 , 422 1b Le ss returns & allowances LI_ __ _ __ _ _-"1 c Balance ~ 1--,-+_ __ 2 6:..:0 ,_Ll.: ._.::. 2 =-_
1C .::....:: :....!.
1 2:..:
I 2 Cost of good s sold (Sc hedu le A, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2---;1
. . ... .. ...... . .. . ...... 1-_ , _ _ _ _ __ __ _
I 3 Gross profit. Subtract line 2 from line Ic . . . . . . .... . ......... . . . ........ . . . . . . . . . .. . . . . ...... 2:..: :
!~.: .3---l1---..: 6:....:0-',:..:L1-=_-=2:..:2::......-
I ~ Dividends (Schedule C, line 19) . . , . .. . . . . , . .. .. . . ... . , .. . . " , . . . . . . . .. ... . . , ... . .. 4:..:S
~:..:4---11L-------6.::....:: =--
N 5 Interest . . . . . . . . . . . . . . ,.. ...... .. . . ... .. . . ... , . .... , . .... .. . .. . .. . ..... ,. , . 5 1
C
o 6 Gross rents . . .. . .. ... , . . . . . . . . . . . . . . . .. . ... , . ...... , , ............ . , . .. . . . ... . , , , . . 6 1
M 7 Gross r oyal lies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , , ..... . .. , .. . , . .. ~
., .......... 1 ---'.7_1-1_ _ _ _ _ _ _ _ __
~:~~~:::irn(l~:~i)n~::eF~:~~9~~h:~~II~, ~n~~~~a)~~O~)~orm f-=-:~Ii--------,--:---
E
: 47'97'). • • • • •. : : : ••.• : .• : : : . : : : : : : ' : : : : : : : '. '1'
10 Other income (se e page 7 of instruclions - attach schedule) ............. , . .. SEE .. STATEMENT.. 10 98
!11 Total income. Add lines 3 through 10 . ............. .. .. .. .. . .... ... ~ 1 11 261, 165
12 Compensation of oHicers (Sched ule E. line 4) .. 12 1
5 13 Salaries and wages (le ss employment credits) .. , .. ... . .. . . . . .. , ....... . , .. . , ... , .... , . .. .. . ...... 1- -+_ _ _ _ _ _ _ _....;_
1_3 1
§ 14 Repairs and maintenance ....... ........... .... . ..... . , ...... , . ......... . . " .. . .... , .......... .. f.-1.:..4-'-+-_________ 1
:...
j 15 0_5
Bad deb ts ...... ... . ....... , , ............. . , ...... . ... . . .. . . . . .. . . .. ... , . .. . .. . . . . . . . . , ...... 1--1_5-+_ _ _ _1--'-,_ _ 0 _1_
~ 16 Rents .......... ... , .. ..... . . .. ... . . . .. .. . .. .. . =-+ 1 , 5 5..::.0-,1_
.. , . , , ... . ......... ... .. ......... ..... j........:...16 _ _ _-=-.:.....=....::.
r
R 17 Taxes and licenses .. .. , . . .. . . .. . .. ... , .... . ..... . . .. ....... , . ..... SEE. .STATEMENT ... 2 1-L17L+_ _ _-=1..!....,_7..::._ -:.1_
6
7
o u 18 Interest .................... ......... 1..,::8--1-_ _ _ _....: ' ....: 9 1 1
. . . , , ...... .. ... ........ . ........ .... 1-- 4:....:.... 1....:_ --'._
E ~
o I 19 :::....:: .::.....-
Charitable co ntributions (see p age 9 of Instructions for )0 % limitation ) ... , ................................. f.-1:..,:9=--1-_ _ _ _ _--'1 3:..:0 1-'.
U 0 20
('~.
Depreciation (a ttach Form 4562) ............................. . . , .. .. . .. I 20 I 18 , 88 6 1 I
21 Less deprecialion claimed on Sched ule A and elsewhere on return .. . , . . ...... 1~:2=1:a=I~==================~I==:=2:1=b~+-_ _ _---=l::....:. -=- 1_
8-', 8_8:.-6_,
<.J 22 Depletion. ................................................................. 22
OR
N 23 AdvertiSing ... . ................ . ......... . .. . . , .. .... . ....... , ...... .. , ..... . ........ .. f-..=2:..::3-+_ _ _ _ _ _ _---'_
S 247 ..:._1-_ _ _ _ _ _ _ _-'-_
Pension, profit -sharing , etc., plans ....... . ....... . . . . .... . . .... ... , ..... . ..... .. .. .. . . . . .. . . . ..... f.-2 4
M
2.5 Employee ben efit programs ..... ......... , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . ......... . ~2::..5=--+-------...,_-...:...-
A 25 Other deductions (attach schedule). . . . . . . . . . . . . . . . . . . . 2 5:..:....:~
2:..:6:..:..;._ _--c1:::....::8....:::....!.."..:: 7' 9'_
. ..... , .... SEE .. STAT E MENT ... 3. f-..=
T
: 27 Total deductions. Add lines 12 through 26 .......... .
2...:::1~:...J ,
........... ... , ...... ................... ~ ~2.:..:7-1-_ _..::: 0 ,:....:2=-5=3-.:._
:I:: Taxab le income before net operating loss deduction and speCia l ded uctions. Subtract line 27 trom line ) 1 ..
. )'
Less: a Net opera ting loss (NOL) deduction (see page 1) of Instr '. . ...... . '. '. '. '.
28 5 0, 91 ~
22-99-ab-tI---------t--r---I
~-
130
b SpeCial deductions (Sched ule C. line 20) . . . . . . . . .
Taxab le Income. Subtract line 29c trom line 28 ... , , .. .. , ... .. . . .. , , . . . . . . .
29c
30 5 °, 912
T 131 Totaf tax (Schedule J, line 12) ..:...: . ...:.,.,.:.. . ..:...: . ...:., .
... . . . ..... ...... , . .... ;- .....:..:, . .:.,....: .....:..:, . :..:.:...:...::....:....:..:...:....:.....:..:..::..:...:...;.,.:...:.....:...:,...-'-3:...:1-+_ _ _ _ _ 7_2 _
7--'-,_ _ 8
~ 32 Payments:
A I a 1998 overpa yment credited to 1999 .. r - - " 1 - - - - - - - - - - -!---"
. ~ .
N i b 1999 estimated tax payments .... .. .
o
P
C Less 1999rcfundappiL eaforonForm4466 . .
e Tax deposited Wi th For m 7004 . .... .......... .
I
--'.-"-'~-------------~~
. . . . . . . . .. 32e I
I
1
A ' Credit for tax paid on undistributed capital gains (a ttach Form 2439) .. .. .. .. " . r 3 2-,+----'---'---'------i:--11
- I
Y r--~--------------_,~--~
M ' 9 Credit for Federal tax on fuels (attach Form 4136). See instruc tions " .. " " L3:..:2~g....l.....-_ _ _ _ _-c=;,-l---+13:..:2:.:..:h-+ _ _--=1:...: ,_0 0 '7-
8L,! :-0::;-7 I
~ t
J3 Estima ted tax penalty (see page 12 of ins:ructions). Check If Form 2220 IS attached . . ~ 33 4 nI:;
~ I ~:
Tax due. If line 32 h IS smaller than the lo tal of lines 3 ) and 33, enter amo unt owed .... , . . . . 34
35 9,8 66
Refunded ~ 35 9,866
fudl n q ace panYlnq schedules ana Slatcmcnts, ana to the Desl 01 my know1c cgc ana cellc', I I:;
Sign on .11lmformallon of whlcn pr cp Clrer lia s any kno wledge"
Here / / ~
~ ~.;t~~ 6t /~~J(~-' / i) ~~~----_______________
______~~J_f~J_fl~'C~e~r~~~--~=---~~~~==~L-~~~~~~~~~--~~D:~a~t~c~/ / ' :L~ ~~~,.~~TI:II:e-- .~ ~ =·~~~P /? ~
Pr~PJrer"::; Preparer":; SSN or PTiN
C t1 eCK If ::;ell
Paid ;)--0<:)
::; Iqr,JI CrO /J emDloyed 0 P000871 0
Pr eparer's
Flrm"s namo (or
SMITH, CPA , & ASSOC, , PA EtN ~ 65 - 062 0 2 69
Use Only
you r s" II sell -cm plO YClll N. MILITARY TRAIL, #202E
PALM BEACH GARD E NS, FL 211'cooo ~ 3 3 410
Form 11202-((21~99~9~).....,--T~RAN~~S~P~A~R~E~N~T~1~....:.,~H~N~O~L::2:0~G~Y~~S~E:.:R~V'--I~C~E.:::S...L.I_....:I:..:N~C:::...:..._---~0~8~2-=4.:::.9....:.7--=2=------------''--
iSchedule A I Cost of Goods Sold (See page 12 of instructions,)
Inventory at beginning of year , .
2 Purchases ..
........ . .. .... . ... . ... . .... . ....
Cost of labor .
. Additional section 263A costs (attach schedule) . , , . , , , , , . , , . . . . . . ..... .. , . . , . . . , , . . . . . . . , . , , .... . .
5 Olher costs (attach schedule) . ....... - .. . ............... . ... . . . ......... . ..... . .
6 Total. Add lines 1 through 5 .
. .. . . . ... ........ . .. . .. ...... . ... . .. .. . . . . ....... . .. . .. . ...
, , ,
7 In ventory at end of year ....... , . , . ....... , ..... . , ........ , ... , . , ... . ... , . . . ..... .
8 Cost 01 goods sOld. Subtract line 7 from line 6, Enter here and on line 2, page 1 . , ..... . . . . .... . . . , , .. ... . . ' -_ -L_ __ _ _ _ ._._ _-'-__
9 a Check all methods used for valuing closing inventory:
(i) 0 Cost as described in Regulations section 1.471-3
(ii) 0 Lower of cost or market as de scribed in Regulations section 1.471-4
(iii) 0 Other (Specify method used and attach explanation.) ~
b C heck if there was a wntedown of subnormal goods as described in Regulations section 1.471-2(c) ......... . . . .. , . . . ... . ·,··, · ~ 0
c Check if the LIFO inventory method w as adopted this tax year for any goods (if checked, attach Form 970) , . . . . . . . . . . .. . . . ~ 0
~L. . :.9.: .d---L_-;=;_
d If the LIFO Inventor y method was used for this tax year, enter percentage (or amounts) of closing
inv entory com puled under LIFO ... , , , . , . , , , , ... , , ...... , , .. , ..... , . ........ . .. '" . . . . . _ _--;=; - - _ - ' - _
e If propert y IS produced or acqUIred for resale, do the rules of section 263A apply to the corporation? ... D Yes No 0
Was there an y change in determining quantities, cost, or valuations between opening and closing inventory?
.
If "Yes" attach explanation ......... , .. . ......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... . . ......... .. .. . DYes o No
(a) DI v idendS (C) Special deducli o nS
I Schedule .C I Dividends and Special Deductions (See page 13 of instructions.) received
(b) %
(a) x (b)
1 Dividends from less-than-20%-owned domestic corporations that are subject to the
70% deduction (other than debt-financed stock) . , , . . ........ , .. , . , ...... , .. , ........ , 70
2 Dividends from 20 % -or-more-owned domestic corporations that are subject to the
80% deduction (other than debt-financed stock) ......................... .... . . . . ... .. 80
s ee
3 Dividends on debt-financed stock of domestic and foreign corporation s (section 246A) .. . ..... Ins tr
. Dividends on certain preferred stock of less-than-20% -owned public utilities ........ , .... , . . 42
Dividends on certain preferred stock of 20%-or-more-owned public utilities ... .... .... , ... . , 48
0 Dividends from less-than-20%-owned foreign corporations and certain FSCs that are
subject to the 70 % deduction .. . .... . . .................. . .................... ..... 70
7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs that are
subject to the 80% deduction, ...... .... . .................................. . ..... . 80
8 DIvidends from w holly owned foreign subsidiaries subject to the 100% deduction (section 245(b)) 100
9 TOlill. Add lines 1 through 8. See page 14 of instructions for limitation ...... , .... . .. ........
10 Di vidends from domestic corporations recei v ed b y a small bUSiness in vestment
company operating under the Small BUSiness Inv estment Act of 1958. , .. .. . . .......... ... 100
11 Dividends from certain FSCs that are subject to the 100% deduction (section 245(c)(1)) ....... 100
12 DiVidends from affiliated group members subject to the 100% deduction (section 243(a)(3)) ..... 100
..
,..
13 Other dividends from foreign corporations not included on lines 3 , 6, 7, 8, or 11 . , , . , . . .... , ..
Income from controlled foreign corporations under subpart F (attach Form(s) 5471) , . . . ... . ...
15 Foreign di vidend gross-up (section 78) ........ . . .. .................................
16 IC-DISC and former DISC dividends not included on lines 1,2, or 3 (section 246(d)) . , .. , .....
17 Other dividends .... ...... , ............ ... ,' ..... . . .... ,., ... . .. . . . ..... . .. 645
18 Deduction for dividends paid on certain pr eferred stock of public utilities ...... , ....... ...... [
19 TOlill dividends. Add lines 1 through 17. Enter here and on line 4, page 1 ... " ...... , ' , . .~ 645
20 TOtill special deductions. Add lines 9, 10, II, 12, and 18. Enter here and on line 29b, page t . , . .. ...... , ... ... . . . . .. .. ~
L..~.,~!!_e.9.!:lJ e E_J Compensation of Officers (See instructions for line 12. page 1.)
Note: Cornplete Schedule E oilly If total receipts (line I a plus lines 4 through lOon page t Form I 120) are $500000 or more
(C) Percenl 0 1 P ercent of corp o ra lion
s l oc k. {lwneO
(.1) N ,:) me of offic er (b) Soc ia! security numoer lime o evotcd to (I) I\mOllnt o f f..)mpt.:fl '"t!l o n
bUSiness (tI) Com m on (e)F'rel erretl
% % %
% % %
% % %
~/o % %
% % %
2 Tolal compensa tion of officers. . , . . . .. . . , .... . . . . . . , ..
. . .. . . .. . . ........ . . .. .
.. .. , . . ..... . .
"
3 Compensation of officers claimed on Schedule A and elsewhere on return . .. . . .. . . ... .. , . , , . . . . . . ........
. Su b tracl li ne 3 from line 2 . Enter Ihe result here and on line 12. Qage 1 ... . . . ' , . . . . . .. . , . . . . . ... ..
TRANSP AR ENT ~ CHNOLOGY SERVICES, INC. 5 - 0824972 Page 3
Form 1120(1999)
L SCh e dule J Tax Computation (:0 "e pag e 15 0 fin s tructlons)
1 Check if the corporation is a member of a co ntro lled group (see sections 1561 and 1563) ... . . . . . ... .~ !21
Important: Members of a controlled group, see instructions on page 15.
2a If box on line I is checked, enter corp's share of $50,000, $25 ,000, & $9,925,000 taxable inc brackels (i n that order):
1$ 9,925,000
b
(1 ) L 50,0001 I (2) 25,0001
En ter the corporation's share of: (1) Additional 5% tax (not more than $11,750)
I (3) S
S 0
(2) Additional 3% tax (no t more than $100,000) S 0
3 Income tax. Check if a qualified personal service corporation under sec tion 448(d)(2) (see page 15)ST . .4 ~O 3 7,728
oIa Foreign tax credit (attach Form 111 8) .......... ...... .. . ... . . .. .... 4a
b Possessions tax credit (attach Form 5735) .. ...... . . .. .. . . ... .. . , ........ 4b
c Check: 0 Nonconventional source fuel cred it
o QE V credi l (attach Form 8834). .
.......... . '" . ... , .. . . ... oIc
d General business credit. Ent er here & check which forms are attached: 0 3800
03468 05884 o 6478 06765 08586 08830 08826
-
08835 o 8844 0884 5 08846 08820 0 8847 0 8861 4d
e Credit for prior year minimum tax (attach Form 8827) . .. .. . . . . . .. . .. 4e
5 Total credits. Add lines 4a through 4e ... ........ ......... , ..... . .. . ........ . . . . . . .... . . .. .. . . .. 5
6 Subtract line 5 from line 3 ......... .... , ... .... , .. ... . .... . . , ..... . ... ... ... .. .. . . . . ..... . · . .. 6 7,728
7 Personal holding co mpan y tax (attach Schedule PH (Form 1120)) ... . . .. ... ... . ... ... . . . . .. ... .. ... .. .. . 7
8 Recapture laxes . Check if from: o
Form 4255 OForm8611 .. .... .... . ......... . . .... . . . ... .... .. · . 8
9 Alternative minimum tax (attach Form 4626) .......... . . .... . .. .. .. . . . . .... . . . . . . . . . . , . ... ... . · .
'"
9
10 Add lines 6 Ihro ugh 9 . ................. ... ...... .... .... . . . . . . . . . . . . . . ... . . . ... . . . . ...... . .. 10 7, 728
11 Qualified zo ne academy bond credit (a ttach Form 8860) - .. .. . ...... . . . . ... . . ..... . . . .. . . . . . . . . . . . 11
12 Total tax. Subtract line I I from line 10. Enler here & on line 31. page 1. ... . .... . . . .. . . . . . . . . . ... " 12 7, 7281
L~chedule K I Other Information (See page 17 of instructions.)
Yes1 No YC ~ No
r----'--
1 C heck melhod 01 accounting: 7 Was the corporation a U.S. shareholder of any controlled foreign
a o Cash b ~ Accr ual corporation? (See sections 951 and 957.) ....... . ....... X
c o O ther (specify) ~ If ''Ye s,'' attach Form 5471 for each suc h corporation.
Enter number of Form s 547 1 attached ~
2 See page 19 of the Instructions and enter the:
..
8 At any time during the 1999 calend ar year, did the corpor ation
a BUSiness acllvity code no. ~ 541519 have an interest in or a signature or other authority over a
b BUSiness activity ~ ROUTER INST & MAINT financial account (suc h as a bank account, securities account,
c Producl or service ~ SERV ICE or ot her financial accounl) in a foreign country? .. . . .. . . X
3 At the end of Ihe tax year, did the corporation ow n , directly If ''Yes,'' the corporation may have to file Form TO F 90 - 22. I .
or IIld 1l'cc lly , 50% or more of the voting stock of a domestic If ''Yes,'' enter name of foreign coun try ~
corporation? (For rules of attribution, see seclion 267(c).) .....
~ 9 DUring the tax year, did the corporation receive a distribution
from, or was it the gran tor of, or transferor to, a lorelg n tru st?
II ''Yes,'' attac h a schedule showing: (a) name and employer
If ''Yes, '' the corporation may ha ve to file Form 3520 .... . X
Idenllficallon number (EIN), (b) percentage owned, and (e)
IJxable Income or (loss) before NOL a nd spec ial deductions 10 At any time dUring the tax year, did one foreign per so n own,
of such corporallon for the tax year ending with or within
directly or indirec tl y, at lea st 25% of: (a) the total voting power
your tax year.
of all classes of stock of the corp oration entitled to vote, or (b)
01 Is th e corporation a subsidiary in a n affilia ted group or a the total value of all classes of stock of the corporation? If 'Yes." X
par en t-su()sldiary controlled group? . ... . .. . . ... . .. . .. .. . lX a Enter percentage ow ned ~
II ·'Yes." enler name and EIN of the parent corporatio n b Enter owner's co untr y ~
~
c The corpora tion may ha ve to file Form 5472.
- - Enler number of Forms 54 7 2 attached ~
5 At the end of the lax year. did any individual, partnership,
corporJ tlon, eS:Qte or trusl own. directly or indirectly, 50 % 11 Chec k this box If the corporation issued pIJhllr.ly offerp.n ni';J t
01 11101 C of ttl e! CUI pOI L1tIOII'S votllrg stock ') (For rules of In s ~ urnents With Original Issue discount .. . . .. 0
at~· lbutlon. see sec tion 267(c).) . .... . . , .. . .. .... . , .... XI If checked, the corporation may have 10 file Form 8281 .
12 Enter the amoun t of tax-exempt interest received or accruej
If ·'Yes ." atl::tch a schedule shOWing name and Identifying no.
i '-;) no t Include any Information Cllready entered in 4 above.) dUring the tax year ... ... .. ~ $
brter perce ntage owned ~ 100 % 13 If there were 75 or fewer shareh olders at the end of the tax l ear.
SEE STATE MENT 5 enter the number ~ 1
DUring Ihls tax year. did the corporation pay diVidends (other
IIMlr slock dlvide!nds and distributions in exc hange lor stOCk) 14 If the corporation ha s an NOL for the lax year and is elecling
III exce ss of Ihe corporatlon 's current and accumulated to forego the canyback period, check here. .. .... . ~ 0
earn ings ano proflls? (See secs. 30 I and 316 .) .... . . '"
.. ~
II "(" :.." 111 12 Form 5452. If Ihls IS a consolida ted return, answer 15 Enler the available NOL carryover from prior tax years
here lor the pare nt corporation an d on Form 851, Affi liation s (Do not reduce It by any d educ tion on line 29a.)
Sc hedul e. lor each s...,os,d ,ar'l . ~ S
-
INC. .-, 65-0824972 P a'Le 4
or m 1120 11 9 ,, 9) T RANSPARENT ....:r:ECHNOLOGY SERVICES,
Beginning of lax year End of tax year
Schedule L Balance Sheets per E. s
I (b) (c) (d)
Assets (a)
.. ... . . 5, 939 17, 479
1 Cash. . . . . . . ... . ......... . ..... .. . .. ",::.:0:',"" '<'.. ' ,
1, 390 >? 4, 102
2a Trade notes and accounts receivable .. ...........
} 1, 390 4, 102
b Less allowance for bad debts ...................
3 Inventories .. . .. . ................... . ......
~ U.S. government obligations ........... .. . ..... .
5 Tax-exempt securities (see instructions). ..... . ....
6 Olher current assets (attach sch.) ..SEE. .ST . .. 6. 5, 997 500
7 Loans to stockholders ........... ... . ..... . ....
5, 3 64
.,
8 Mortgage and real estate loans. . . ..... . ........ ,
9 Other investments (attach sch.) ......... ......... «
lOa BUildings and other depreciable assets .... . .......
.,i 377,721
b Less accumulated depreciation ......... .. ....... ( 18, 886) 358, 835
lla Depletable assets ............. . .. ...... . . ....
b Less accumulated depletion .................... ( ) )
.'.
12 Land (net 01 any amortization) ............. . ... . :::;"" ... ,<
13a Intangible assets (amortizable only) . . . . . . . . . ... .. ,<>,,' .'
b Less accumulated amortization ...... . .. · . . . . . . . . )
14 Other assets (attach schedule) ......... ....... - ~ .:. <;
15 Total assets. .. . ., .............. "' .. . ... .. 13, 326 386, 280
Liabilities and Stockholders' Equity J::"
I'
••••••••••••••
67, 468
16 Accounts payable ........................... :::.
17 Mortgages, notes, bonds payable in less than 1 year
18 Other current liabilities (attach sch.) ............. ..
';"",:It•• .•
19 Loans from stockholders .......................
20 Mortgages, notes, bonds payable In 1 year or more .. . ",,}!::/ ;,
:'.:, ;1'",,,::::),.)
21 Other liabilities (attach sch.) ......SEE..s.T ... 7. .",.
..... .'.'.
261, 547
22 Capital stock: a Preferred stock ................. ":,)" ' , '
b Common stock .......... . ...... 500 500 500 500
J Additional paid-in capital - .... _ ....... · ...... .. ..''.'
::::: )j::~)/::}~~ i{ . ';.>
.)
2~ Retained earnings - Appropriated . . . . . . . . . . . - ... ,.
25 Retained earnings Unappropriated ............. "";(,, ;t·> 12, 826 .. 56, 765
26 Adjustments to shareholder's equity .............. .:::.: .. i ::« :,,:
27 Less cost of treasury stock . . . . . . . . . . . . · . . ......
" 1;'::'; , )
28 Total liabilities and stockholders' equity, . .. . .... . . 13, 326 386, 280
Note' The corporation is not required to complete Schedules M-l and M-2 il the total assets on line 15 column (d) of Schedule L are less Ill an $25 000
[ ScheduleM-1[ Reconciliation of Income (Loss) per Books With Income per Return (See page 18 of instructions.)
1 Net income (loss) per books ....................
43,939 7 Income recorded on books this year
2 Federal income tax .... . . . . . . . . . . . . . . . . . . . ... .
4,939 not included on this return (itemize):
3 Excess 01 capital losses over capital gains .........
a Tax-exempt Interest $
4 Income subject to tax not recorded on books this year '
(itemize):
·:·:',.,' :. i!.: .
8 Deductions on this return not charged
5 ,,:,:,: against book income this year (itemize):
Expenses recorded on books this year not deducted
on thiS retul n (Itemize): a Depreciation .... $
a DepreCiation ............$ b Contrib carryover $
-
b Contributions carryover .. . .. $
c Travel and entertainment ... $ 1, 114
-
STATEM ENT 8 920 2,034 9 Add lines 7 and 8 ..... ..............
0
6 Add lines 1 through J . ..... . ... . ... ... . . . . ... 50,912 10 Income (line 28, pg. 1) - line 6 less line 9 50,912
I Schedule M-2 I Analysis of Unappropriated Retained Earnings per Books (Line 25, SchedUle L)
1 Balance at beginning of year, ..... ... . ., . .. ~-- 12,826 5 Distributions: a Cash . ..... . . ... .
-2 Net income (loss) per books .. .. . . . . . .... 43,939 b Stock. . . . . ...
Other Increases (itemize): c Property .......... . ,
I
-
6 Other decreases (itemize):
7 Add lines 5 and 6 ............. ......
~ Add lines 1, 2, and 3. . .. . 56,765 8 Balance at end of year (line 4 less line 7) , 56,765
f.":o!m 11~O ( 19 <:' :J )
F orm 7004
(hev. July 19.6) Applicadon for Automatic Extension of Time OMS ';0.1545 - 0233
Oeparlme n l 0 1 the Trea sur y
To File Corporation Income Tax Return
Inl er n ;1t R e ve nu e Ser vi c e
Employer Idc nl lllCil(lOfl number
~e 0 1 c orpcra(lon
Ju~SPARENT TECHNOLOGY SERVIC ES, INC . 65-0824972
Numoer . :i lr eel. .:ina r o om or SUite no. (II a P.O . bO)( or o utside Ihe Unllea Slaies . see InS\rUCllons . )
63 1 US HIGHWAY 1 #312
C l1y c..:r I O V·/T • . 1"'
Slale . ,;"nd 2 1 co oe
WEST PALM BEACH , FL 33408
Ch eck t'/ pe of retur n 10 be filed :
iZI Form 1120 o Form 1120-FSC o For m 1120-ND o For m 1120-REIT o Form 1128- SF
o Form 1120-A o Form 1120-H o Form 1120-PC o Form 1120-RIC
o Form 1120- F o Form 1120-L o Form 1120-P OL o Form 1120S
o Form 990-C ... Note : O ther 990 filers (i .e., Form 990, 990 - EZ, 990-BL. 990-PF, and cer tain filers of Form 990 - T (see instructions)) m u st use
o Form 990-T r Form 2758 to reques t an ex tensio n of time to file.
Form 1120-F fi lers: CheCK here If you do not have an oHice or place of business in Ihe United States
1a I reque st an automatic 6-month (or, for certain corporations. 3-month) extension of time untif 3/15 20 'J l . to file Ihe
~----~------~~~
Inc ome {ax return 01 th e ccrpora ll on named above lor ~ 0 ca lendar year or ~ C1 tax year beginning 7 /01 1 9 99
and ending ~/ 3 0 ______ , 2000
__6 ~~__ --~--------
b II th is lax ye r IS for less than 12 months. check reason:
o Initial retur n o Final return o Change In accounting period o Consolidated return to be filed
2 II Ihls ap p lication al so covers subSidiaries to be Included in a consolidated return, complete the follOWing:
Nam e an d address ot ea ch mem ber at the a ttiliated gr oup I Employer id entiticat ion numb er Tax perio d
I
I
-..
I
I
I
3 Tent8tlve tax (see InS lJ uctlons) . . . .. , . . .. . . . . . ... . . . , . . . . . . . ... . . . . .......... ... .. . . . . . . . ...... . .. . . 3 18, 000
~ Credi ts :
a Overpayment credited from prior year .... . , 4a I
b Estima ted tax payments for the tax year ..... 4b
c Les s relund for the tax year applied for
.. . . ....
on Form 4466 , .. ,
" .. . 4c
(
, , , ,
) Bal~ J
-Id 0
e Credll for tax paid on undistributed capita l gains (Form 2439) , . .. , ...
I
4e
f LleUlt 101 r'~ue l allax on lue ls (Forln 4 136) . , ... '
... , . . .. , . . .. .. . . . ..
,
411
5 TOt31. Add lines 4d through 41 ., .. . , 5 0
6 Balance d u e . Sub trac t line 5 tram line 3, Depo sit thi s amount ele c tron ically or With a Fed er al Tax DepOSi t
(FTD) Co u po n (see Instructions). .. . ... .. .. . ... .. . . .. . . . , , , ' '" , ' . , .. 6 18, 000
SI ~l¥C . - U noer oenaltle s 0 1 cer 1ur y. I d e c la , e Ind.t I have been .lu\horlzea by 1I.. . e .lO CV e-name a corpor.ll on 10 maKe \ h lS appUe.ll o n , ana 10 (he besl 01 m y Knowledge ':' .' 0 belie f . ,he
."; \ "n: ·V n.toC: are .rue. c~ rec l. ;Jno comp'el
~~7~~'~~~~--- r..:a IlJn.t (Tlllel (Dalel
For Pap erwork Re d uctio n Act Noti ce , see in s tru c ti o n s. F orm 7004 (Rev . 1- ',6 1
", : ,\
OM8 N o. 15115-01d2
Undel .•yment of Estimated Tax by Cor~ ;ations
FOlm 2220
~ Instructions are separate. See page 4 for Paperwork Reduction Act Notice 1999
O ;,:pdl trnen \ 01 the Tr easury
In l r na' H evenu c S ervice ~ Attach to the cor oration's tax return .
Employer Idenillicdiloo number
fRANSPARENT TECHNOLOGY SERVICES, INC. 65-0824972
Note: In most cases, the corporation does not need to file Form 2220. (See Part I below for exceptions.) The IRS w ill figur e any penalty owed an d bill the
corporation If the corporation does not need to file Form 2220, it may sti ll use it to figure the penalty. Enter the amount from line 34 on the estimated ta x
penalty line of the corporation's Income ta x return, but do not attach Form 2220.
Reosons For Filing - Check the boxes below that apply to the corporation. If any box or th e note below applies, the corpora tion must file
L---'--=_....J Form 2220, even If It do es not owe the penalty. If the box on line 1 or line 2 or the waiver applies, the corporation may be able to lower
or eliminate the penalty. See p8ge 1 of the instructions.
o The corporation IS USing the annualized Income Installment method.
2 0 The corporation is uSing the adjusted seasonal installment method.
3 0 The corporation is a "large corporation" figuring its firs t requ ired installment based on the prior year's tax.
Note: The corpor8tion must also file Form 2220 if it IS claiming a waiver of the penalty. See Waiver of penalty for corporations claiming the reseilrch credit
on page 3 of the in str uctions .
I Part II Figuring the Underpayment
4 Total tax [see page 2 of the Instructions) .......... .... . . . . . . . ,.' ., ........ ... . . . .... . . ......... , . ......... 4 7,728
Sa Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 4 .. . . . . . . . . Sa
b Interest due under the look-back method of section 460(b)(2) for completed long-term
contracts Included on line 4 .. ... ..... ..... ............ . . . . . . . . . . . , . , . , . . . . . . , . .. ' . 5b
c Credit for Federal ta x paid on fuels (see page 2 of the instructions) .. ... ... ... . ... . .. .. . . . .. Sc
-
d Total. A dd lines Sa through 5c. . . . . . . . . .... . ................ . ............... ....... .... . . . ... . .. . .. . . .. . . . Sd
6 Subtract line 5d from line 4. If the result IS less than $500, do not complete or file this form.
The corporation does not owe the penalty. .................. ..... . ... ............. . ...... . .. . . .. .. . .. . 6 7,728
Enter the tax shown on the corporation's 1998 income tax return. (CAUTION: See page 2 of the instructions before
compteting this line.) ................ . . . . . . . . . . . . . . . . . . . . ..... .... .............. . . . . . . . . . . ...... .... . 7
8 Enter the smaller of line 6 or line 7. If the corporation must skip lin e 7, enter the amount from line 6 on lin e 8 . ....... ...... . 8 7, 728
(a) (b) (c) (d)
9 Instollment due dates. Enter in columns (a) through
(d) the 15th day of the 4th (Form 990-PF fiters:
I::ll t,"r Sill month), 6th, 91h, and 12th months of the
corp oratlon's ta x year .. .. .... . . .. ~ 9 10 / 15 /99 12 / 15 /99 3/15/00 6 / 15 /00
10 ReqUired installments. If the box on line 1 a nd /or
line 2 above IS checked, enter the amounts from
Schedule A, line 41. If the box on line 3 (but not 1 or
2) IS checked, see page 2 of the instruction s for the
amounts to enter. If none of these boxes are checked, r--
enter 25% of line 8 above in each column . ..... .
'" 10 1,932 1,932 1,932 1,932
11 Estimated t8X poid or credlied for each period (see
p8ge 2 of the Instr uctions ). For column (a) onty, enter
the amount (rom tine lion line 15 . ... , ' . . .. . 11
'"
Complete lines 12 through 18 of one column before
going to the ne xt column . ..
12 Enter amount, Ii any, from line 18 of the pr eceding col. 12
r-
13 Add lines 11 and 12 ... 13
-
14 AcJcJ 31110UlltS Oil lilies I G and 17 of the preceding col. 14 1,932 3, 864 5, 796
15 Sub trac t line 14 from I;ne 13. If zero or less. en ter -0-. 15 0 0 0 0
16 If the 8mo unt on line 15 IS zero. subtract line 13 from
line 14 . O therWise. entel' -0 ........ 16 1,93 2 3,864
17 Underpilymenl. If line IS IS less than or equal to line
- 1 0. subtract li ne 15 from line 10. Th en go to line 12 of
he nexl co lumn . OtherWise, go to line 18 . ... .. ..... 17 1 ,932 1 ,932 1,93 2 1,932
18 Overpoyment. II line 10 is less than line IS, sub tracl
/1118 10 from hne 1S. Then (JO to line 12 of the ne xt col. 18
Comptete Part III on page 2 to figure the penalty. If there are no entries on line 17, no penalty is owed.
Form 2220 11999)
,,-..
Form 2220 (1999) TRANSPARENT T {NOLOGY SERVICES, INC. """" · 0824972 Page 2
I Part III I Figuring the Penalty
(d)
. Enter the date of payment or the 15th day of the 3rd
(a) (b) (c)
month after the close of the tax year, whichever is
earlier (see page 3 of the Instr ). (Form 990-PF & Form
990- T filers: Use 5th month Instead of 3rd month.) 19 9/15/00 9/15/00 9/15/00 9/15/00
20 Number of days from due date of installment on line 9
to the date shown on line 19 ... .. ............ . .. . 20 336 275 184 92
21 No. of days on line 20 after 4/15/99 and bef ore 1/1/00 . 21 77 16
22 Underpayment on line 17 x No. of days on line 21 x 8% 22 s 32.61 s 6.78 s s
365
23 No. of days on line 20 after 12/31/99 and before 4/1/00 23 91 91 16
2-l Underpayment on line 17 x No . of days on line 23 x 8% 24 s 38.43 s 38.43 s 6.76 s
366
25 No. of da ys on line 20 after 3/31/00 and before 7/1/00 . 25 91 91 91 15
26 Underp ayment on line 17 x No. at days on line 25 x '% 26 s 43.23 s 43.23 s 43.23 s 7.13
366
27 No. of da ys on line 20 after 6/30/00 and before 10/1/00 27 77 77 77 77
28 Underpayment on line 17 x No. of days on line 27 x . % 28$ 36.5 8 $ 36,58 s 36.58 s 36.58
366
29 No. of days on line 20 after 9/30/00 & before 1/1/01 ... 29
30 Underpayment on line 17 x No . of days on line 29 x • % 30 s $ s s
-. 366
:, Jo. o f days on line 20 after 12/31/00 & before 2/16/01 . 31
32 Underpayme nt on line 17 x No. of days on line 31 x " % 32 s s s s
365
33 Add lines 22, 24, 26, 28, 30, and 32 .. . . . ....... .. . 33 s 150.85 s 125.02 $ 86.57 s 43.71
34 Penalty. Ad d co lumn s (a) through (d), of lin e 33. Enter the total here and on Form 1120, line 33; Form 1120-A, line 29;
or the compa rable line for other income tax return s ...... . ... . .... . ....... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . 34 s
" 406
"For underpayments paid after March 31,2000: For lines 26, 28, 30, and 32 use the penalty interest rate for each calendar quarter th "t the IR S will
de termine during the first month in the preceding quarter . These rates are published quarterly in an IRS News Release and in a revenue ruling In the Internal
Revenue Bullelln. To obtain thi s information on the Interne t, access the IRS's Web Site at www.irs.gov. You ca n also call 1-800-829-1040 to ge t interest
rate Informati on.
Form 2220 II ~ ~ '; )
De preciation and Amortizat.i.Qn 0M u N o. l r.A ~ -fi 17 'i.
FOrm 4562 1999
(1IIeluding Information on Listed PrvtJerty)
D e o a f I rYl.en I 01 I tl t r.
eJ S r y
Att achme n t
Inl c r n dl h t Vl.!:nUe $1:1 v,e; e (9G ) See separate instructions. Attach this form to your return .
St.:Q uenc e No. 67
N.a m e(s ) shown on r e turn Idenllfying number
~RANSPARENT TECHNO LOGY SERVICES, INC . 65-0 8 24972
.ju~ lf1 eSs o r a c tlv l P/ I O w f'llC h H :IS f 01 m relale s
FORM 1 1 2 0
L Part I , Election To Ex pense Certain Tangible Property (Section 179) (No le: II you have any ' 1!> led proper ly." compl ele Par i V u
bel ol e yO co-::>Io le Pari I I
1 Maximum dollar limitation . If an enterprise zone business, see page 2 of the instructions .... 1 $19 , 000
2 Total cost of seclion 179 property placed in servic e. See page 2 of the instructions .. . ......... . . . . . . ..... 2
3 Threshold cost 01 section 179 property before reduclion in limitation .. . . ...... .. . ... . . - , ... . . . . . . . - ..
_ 3 $200, 0 00
4 Reduction in limitati on. S ubtrac t line 3 Irom line 2. II zero or less, enter -0 0 • • • _ . .. _. - .... . . . . . . . . ... 4
5 Dollar limitation for tax year. Subtrac t line 4 from line 1. If zero or less, enter -0-. If married filing separately,
see page 2 01 the instructions .. _ .. ... . . . ............ . . . . . . .. . ...... .. . . .... . _ ........... .. . 5
6 (a) De SCrlpiiOn 01 prop erly (Il) CO SI (bUS me ss use only) (c) Elec l .decsl
7 Listed property. Enter amo unt from line 27 .... ... _. ..... . .. _ .. . ....... ... ... ·1 7 ,
8 Tolal elected cos t of section 179 property. Add amou n ts In co lumn (c) , lin es 6 and 7 . .... . ... .. .. . . . . . .... . . . . 8
9 Tentati ve deduction. Enter the smaller of line 5 or line 8 ............. . .... . .. . ... . .. . - .. . 0 • • •••• • • • • 9
10 Carryover of disallowed deduction from 1998. See page 2 of the instruclions . . ...... . .. . 00 ••••• • • • •• •• 0 • •• • 10
11 BUSiness Income limitation. Enter the smaller of business income (not less th an zero) or line 5 (see instructions) ...... 11
12 Section 179 expense deduction. Add lines 9 and 10, but do not enler more th an line 11. . .... . . . . . . . . ..0 •• _ 12
13 Carryover of disallowed deduction to 2000. Add lines 9 and 10, less line 12 ... . .. . .. ~ I 13 I
Note: Do not use Part II or Part III b elow for li s ted property (automobiles, certain other ve hi c le s, ce llular telephones, certain computers, or property used for
entertainment, recreation, or amusement). Ins tead , use Part V for listed property.
- ~
Part II I MACRS DepreciatIOn For Assets Placed in Service ONLY During Your 1999 Tax Year (Do Not Include Li sted Property.)
Section A - General Asset Account Election
If you are making Ihe election under section 168(i)(4) to group any assets placed in ser vice during the tax year int o o ne or more
general asse t ac co unts . c heck this box. See page 3 of the in struc ti ons . . . . . . . . . . . . . . . . . . . . . . . .. ~ 0
Section B - General Depreciation System (GDS) (See page 3 of the in structi o ns)
tb) Monlh ,md (c) BaSIS for depr eclal lo n (e)
(a) C;d ;' -.IfIC.l 110fll.) f p. o pCll y y c.ar p lac ed In (bUSiness/In v e s tment USC (d) Recover y (I) Melhod (9) D epi '_.I~' l l o n d et!lJ CI IOu
s erV ice pe r io d C onven ti on
on ly - see mslruCIIOn S)
- -
15i) J-yCJr PI OP UI ty
b 5- year pr o p erty
c 7 - yea r prop erty
d 10- year pro p erty
"
e IS- year prop erty
f 20- year property
,
9 25-ve ar p r operty
-
25 yrs S/L
h ReSidenti al re ntal property
27.5 yrs MM S/L
27.5 yrs MM S/L
I o nr eSICl ' nlIJI real property
39 yrs MM S/L
MM S/L
Section C - Alternative DepreCiatIOn System (ADS) ' (See page 5 of the in structions)
16 a CUs s hie S/ L
-
b
c
-
! 2-ye ar
~O- ved r
- - ..... __ ._.
- - ~.
1 2 yrs
40 yrs MM
S/ L
S/ L
I
----~
Part ..
III I Other DepreCiation (Do Not Inc lud e Listed Property ) (See page 5 of the instr uction s )
17 GDS a nd AD S ded uct ions for assets pl aced in service In tax years beg inning be fore 1999 0 " • • 0 0 • 0 • • • • . . 17
18 Pr op r ty su bject to section 168(1)( I) election 0 · · · · · . · ••• 0 •• • • 0.0 • 0 • • • • • .0. 0 • 0 • • • .0.0 ... 18
19 ACRS and olher d el2recla li on . .0 •• .0' • 0 • • • • ... • • • 0 • • •• 19
_P_a~~ _.?y mmary (See page 6 01 the instructions.)
L: s led propel ly. E nler amount from line 26 . 20 1 8 , 886
21 Total. Mdd ded ucllons on line 12, lines 15 and t6 in column (g), and line s 17 th ro ug h 20. Enter here and on the
JP P' OiJI1,lte 111 18S of your return. Partnerships & S corporallons - see In structions 21 18,886
22 F::)! Jssels shown above and placed in serv ice during the current year', enter the portion
01 the bd SIS Ll ltrlbutable to section 263A costs. . . . . ................. ..
I 22
I
"Ff, For Paperw o rk Reduction Act Notice , see page 9 of the instructions. Fu m 4562 (1999)
RANSPARENT TEC H~LOGY SERVICES, INC. 65-082 4:;7 2
I r. lm ll So ~ t l<JG· ·!
Lliii~! Listed Property - AutomoL"es, Certain Other Vehicles, Cellular Tek. .... l1ones, Certain Computers, and
Property Used for Entertainment, Recreation, or Amusement
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 23a, 23b, columns (a)
throuqh (cl of Section A, all 01 Section B, and Section C if applicable.
S ec rIon A D eprec iation and Other Information (Caution- See page 7 of the instructions for limits for passenger automobiles
-
L,,,,h .( Do you ha ve evidence to support the business/investment use claimed? !Xl Yes D
No 123b If "Yes," is the evidence written? !Xl Yes No D
(,)
(c) Bus iness ! (d)
(e) (I) (g) (h)
(a) (b)
Investment BasIs for dep r eclallon Recov er y Methodl D eprec la. IIC -, EleClec
T yp e II I pro pol'ly (I,s\ Dale placed In Cost or sec t ion \ 79
v ehiCle s Ilrs I) service use olher baSIs
(bu s lne s S/lnves tmen I perood Convention deducti o n
: O:i
perc en lage use only)
2-l Proper ty used m or e than 50"1.0 in a qualified business use (See page 6 of the instructions .)..
AIR PLANE AC CO 6/01/00 100.0 10,721 10,721 5.0 200DB MQ 5 36
AIRPLANE - N77 4/21/00 100.0 367,000 367,000 5.0 200DB MQ 18 , 250
25 Prop erty used 50% or less In a qualified business use (See page 6 of the Instructions .).
26 Add amounts in column (h). Enter the lotal here and on line 20, page 1 ... ... . . . . . . "' . "'.
'"
'" '" '" '"
., . .. . .. .... · 1 26 18, 8 8 6
27 Add amounts In column (I). Enter the total here and on line 7, page 1 .. . .... . ... . . .. ........
"' . .. . . . . .. . "' .... "' . ... . .. . 1 27 0
Section B - Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person .
If you provided ve hicles to your employees first answer questions in Section C to see if you meet an exception to completing this section lor th ose vehicles
(a) (tl) (c) (d) (e) (I)
28 Total businessltnvestment miles driven during the year
Vehicle 1 Vehlcte 2 Vehic le 3 Vehlcte II Veh,cle 5 Ve l Htl t: 6
(DO NOT include commuting miles-see page 1 of the
instruclions) . ... . ............ ... . . ........
29 Total commuting miles driven dUring the year . . .........
30 Total other personal (noncommuting) miles dri ven .... ...
31 Total miles driven during the year. Add lines 28 to 30 .. ., .
32 Was the vehicle available for personal use during Yes No Yes No Yes No Yes No Yes No Yes No
- 'f-duty hours? .... .............. .. ....... .... .
,
3~ ,vas the vehicle used primarily by a more than 5% owner
or related person? .. .... . . . . ........ . . . . .. .......
3-l Is another vehicle available for personal use? " ' " '"
....
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or
relQted persons.
Yes No
35 Do you maintain a written policy statement that prohibits all personal use 01 vehicles, including commuting, by your employees? ...... .
36 Do you maintain a written policy statement that prohibits personal use of vehicles, excepl commuting, by your employees?
See page 8 of the instructions for vehicles used by corporate officers, directors, or 1% or more owners............. .
37 Do you treat all use of vehicles by employees as personal use? . . .............. .
38 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles,
and retain the Information received') ...................... . ... . . , . . ........... . ............... . .................. . . . .
1--- ---1--
39 Do you meet the requirements concerning qualified automobile demonstration use? See page 8 of the instructions ..... . . , .... . ..... .. r-----.~..-
Note. If your answer to 35, 36, 37, 38 or 39 IS 'Yes," you need not complete Section B for the covered vehicles.
I Part VI I Amortization
(a)
(b) (c) (d) (e) (f)
D e senp lion of c os I s Date amortization Amor t Izable COde Amortization Amm ! Iza lion
begin s amount section periOd or percentage f or thiS year
-lO Amorti za ti o n of c osls that begin s d urin g your 1999 t~:: y ear: . ..... .. ... ... .. ... . .........
- .. ...... ....... ...
.
!
~
-l
-
-- lortlzatlon 01 costs that began before 1999 .. . . . . . . . . . . ' " . . .. .. ..... ........ . .. . . 1 41
.. ... . . .... . ..
42 Tolal. Enler here and on "Other Deductions" or "Other Expenses" line of your return. . . . . . ... . . . . . . . . . . . ... .
..
I 42
Form -l562 (\999)
1999 FEDERAL STATEMENTS PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC. 65-0824972
STATEMENT 1
FORM 1120, LINE 10
OTHER INCOME
AUTO LEASE INCLUSION $ 98
TOTAL $ 98
~=====
STATEMENT 2
FORM 1120, LINE 17
TAXES AND LICENSES
LICENSES AND PERMITS $ 564
STATE TAX 1,203
TOTAL $ 1, 7 6 7
=======
STATEMENT 3
FORM 1120, LINE 26
OTHER DEDUCTIONS
AIRPLANE EXPENSE $ 51,1 67
AUTO AND TRUCK 6,327
BANK CHARGES 395
EMPLOYEE EDUCATION EXPENSE 500
EMPLOY EE LEASING EXPENSE 11 ,2 50
INSURANCE 6,980
LEGAL AND PROFES S IONAL 2,478
MEALS AND ENTERTAINMENT 1,114
OFFICE EXPENSE 2,685
OUTSIDE SERVICES 92 ,750
TRAVEL 7,033
TOTAL $ 1 82, 679
=========
STATEMENT 4
FORM 1120, SCHEDULE J, LINE 3
COMPUTATION OF CONTROLLED GROUP TAX
1. TAXABLE INCO ME (L INE 30, PAGE 1 , FORM 11 20) $ 50,912
2 . SHARE OF $50,000 TAX BRACKET 50,000
3 . SUBTRACT LINE 2 FROM LINE 1 912
4. LESSER OF LINE 3 OR SHARE OF $25,000 TAX BRACKET 912
5. SUBTRACT LINE 4 FROM LINE 3 o
6. LESSER OF LINE 5 OR SHARE OF $9,925,000 TAX BRACKET o
7. SUBTRACT LINE 6 FROM LINE 5 o
8 . MULTIPLY LINE 2 BY 15% 7,500
9 . MULTIPLY LINE 4 BY 25% 228
10. MULTIPLY LINE 6 BY 34% o
"""-
1 11. .ULT IPLY LINE 7 BY 35% o
-------------------------------------------- ------------------------~
1999 FEDERAL STATEMENTS PAGE 2
TRANSPARENT TECHNOLOGY SERVICES, INC. 65-0824972
STATEMENT 4 (CONTINUED)
FORM 1120, SCHEDULE J, LINE 3
COMPUTATION OF CONTROLLED GROUP TAX
12. ADDITIONAL 5 % TAX NOT TO EXCEED $11,750 . . . . . . . . . . . . . . . . .
13. ADDITIONAL 3% TAX NOT TO EXCEED $100,000 . . . . . . . . . . . . . . . .
7,728
°
°
14. ADD LINES 8 THROUGH 13. SCHEDULE J, LINE 3 . . . . . . . . . . . . .
STATEMENT 5
FORM 1120, SCHEDULE K, LINE 5
50% OR MORE OWNERS
NAME : THOMAS RIETWYK
ID NUMBER : 072-38-4286
PERCENTAGE OWNED: 100 %
STATEMENT 6
FORM 1120, SCHEDULE L, LINE 6
OTHER CURRENT ASSETS
BEGINNING ENDING
DUE FROM TRANSPARENT TECHNOLOGY, INC . . . . . . . . . . . $
STOCK SUBSCRIPTION RECEIVABLE . . . . . . . . . . . . . . . . . .
5,4 9 7 $
500 500
°
TOTAL $ 5,997 $ 500
STATEMENT 7
FORM 1120, SCHEDULE L, LINE 21
OTHER LIABILITIES
BEGINNING ENDING
DUE TO TRANSPARENT TECHNOLOG IES, INC . . . . . . . . . . . $
TOTAL $
° ~$----= 1~,= 4=
° $ 261,547'
2~6~ 5~ 7
STATEMENT 8
FORM 1120, SCHEDULE M-1, LINE 5
BOOK EXPENSES NOT DEDUCTED
AUTO LEASE INCLUSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 98
STATE UNDERPAYMENT PENALTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 822
TOTAL $ 920
======
) ) }
6/30 /00 1999 FEDERAL DEPRr=CIATION SCHEDULE PAGE 1
------------------------------------------------------------------------------------
TRANSPARENT TECHNOLOGY SERVICES , INC . I
CUR PRIOR PRIOR
DATE DATE COST/ BUS . 179 179 DEC. BAL. BASIS SA LVAGE DEPR. PRIOR CUR RENT
NO. DES CRIP T1011 ;COUIRED SOLD BASIS PCT. BONUS BO NUS DEPR. REDUC TN VALUE BASI S DEPR. MET HOD LIFE RATE DEPR.
---- ----- ----- --- ---- - - - - - -
FORM 11 20
AUTO / TRANSPORT EQUIPMENT
)
1 AIR PLANE· N777vK 4/21/ 00 367,000 367,0 00 200DB MO 5 .05000 18,350
2 AIRPLANE AC COOL SYSTE M 5/01/00 10,721 10,721 200DB MO 5 .05 000 536
OT
T AL AUT O / TRANSPORT EQUIP~ENT 377,721 o o o o o 377,721 o 18,886
TOTAL DEPRECIAT ION 377,721 o o o o o 377,721 o 18,886
GRAND TOTA L DEPRECIATIO N 377,721 o o o o o 377,721 o 18,886
)
6/30/00 1999 FEDERAL ALTERNATIVE MINIIV. _ TAX DEPRECIATION SCHEDULE PAGE 1
TRANSPARENT TECHNOLOGY SERVICES , INC .
DATE DATE AM T M
A T PRiOR AMT AMT AM T AMT REG . R.
OW N POST·86 REAL PROP LE AS PERS
NO. DESCRIP TION Q
AC UI RED SOLD BASIS DEPR . M OD
ETH LI FE RAT E DEPR. DE PR. PCT. DEPR AD J. PREF . PROP PRE F
- -- - --- - - -- - - - - - - - - --- - - - - - - -- -- - --- - --
FORM 11 20
AU TO / TRANSP ORT EQUIPMENT
1 AIRPLANE· N777VK 4/ 21 /00 367,000 1500B MQ 5 . 03750 13,763 18, 35 0 4,587
2 AIRPLA N AC COOL SYSTE M
E 6/0 1/ 00 10 , 72 1 1500B MQ 5 .03750 402 536 134
TOTA L AU TO / TRANSPOR T EQUI PM T
EN 377 , 72 1 o 14, 165 18 , 886 4,72 1 o o
TOTAL DEPRECIAT ION 377,72 1 o 14, 165 18,886 4, 721 o o
======= == ==== ===== ==== =====
GRAND TOTAL DEPREC IATI ON 377,721 o 14,165 18,886 4,72 1 o o
APPORTIONMENT PLAN
FOR TAXABLE YEARS INCLUDING
THE COMMON DECEMBER 31, 1999
MPMBERS AND ADDRESSES YEAR ENDED
Transparent Technology , Inc. 59-2757514 December 31, 1999
12932 Inshore Drive
Palm Beach Gardens, FL 33410
Transparent Technology Services, Inc. 65-0824972 .June 30, 2000
631 US Highway I, Suite 312
North Palm Beach, FL 33408
The above referenced controlled group consents to an apportionment plan providing an unequa l
allocation as follows:
Transparent Technology. Inc. - EIN: 59-2757514
1. None of the amount pursuant to IRC §ll(b) under IRC § 1561(a)(I) to which a
corporation which is not a member of a controlled group is entitled.
2. None of the amount pursuant to IRC §535(c) under IRC §1561(a)(2).
3. $19,000 pursuant to IRC §179(b).
4. None of the amount pursuant to IRC §55(d) under IRC § 1561 (a)(3).
5. None of the amount pursuant to IRC §59A under IRC §1561(a)(4).
6. None or the amount pursuant to lRe §6655(g).
Transrarent TechnoloQv Services, Inc. - EIN: 65-0824972
1. A II of the amount pursuant to IRC § 11 (b) under IRe § 1561 (a)( I) to which a
corporation which is not a membel' ora controlled group is entilleJ.
2. All of the amount pursuant to IRC §535(c) uncler IRe § 1561 (a)(2).
3. None of the amount pursuant to I RC § 179(b).
4. All of the amount pursuant to IRe §55(c1) under IRe ~1561(a)(3).
5. All of the amount pursuant to IRe §59A under IRC §1561(a)(4).
() 1\11 0[' the amount pmslIant to lR(' §()()')~(g)
The undersigned taxpayers hereby adopt and consent to the above apportionment plan effectiv~
for their taxable years which include the common Dece ber 31, 1999.
Transparent Technology, Inc.
Transparent Technology Services
Date
FOlm 1120 U. S. l.,urporation Income Tax Retu .
F er calendar year 1998 or lax year beginning 7 /01 .1998. ending 6/30 .19_9 9_
_ 1998
OeP Jrlme nt of the Tre asur y
Int ern ,; i Reve nue $ cr vl - e ~ Instructions are separate. See page 1 lor Paperwork Reduction Act Notice.
Use B Employer idcntil)c.atton nur:lber
1 c.. 1(.: I.I t: CI~ h Jl n
.. ,Fu/m tjSl)
0 IRS TRANSPARENT TECHNOLOGY SERVICES, INC 65-08 24 972
leI.! label.
2 P ~ I :~>\)" d l n IUlng ce .
(. lIa: h Sell. P H)
0 Other 631 US HIGHWAY 1 #312 C Da l e In corpora le O
3 P er :; o na J :;el Vlce COfp. wise , WEST PALM BEACH, FL 33408 12/30/97
(ao:; n e lin eo In please D Total assets (see page 5 of n SIIUC l lDns)
T6' rn ora ry R egs. print
,>ec . 1 .441-4 T
5ee m.strucltonSl o or type. I
E C h ec, app lica bl e oox es: (I) 0
Inilialrelurn (2) Final rel urn (3) ~ Change of address
0 $ 13, 326
1 a Gross receipts/sales I 14 , 549 Ib Less returns & allowances l----_______~
' J c Balance ~ 'c-.-:'-+_
1
c 1_ -+
_ ___ 4-'-,_5_4_9 _
2 Cost of goods sold (Schedule A. line 8) ..... ...... ................... ... . . . . . . ........ . ... =--+-----::--:--__::-:---=-+-
2
. ... ~
3 Gross profit. Subtract line 2 from line 1c
3 1 4,549
I
. Dividends (Schedule C, line 19) .. ... .. ...... ...... . . . .. .
4
N
S Interest 5
~ I ~
Gross rents. . . . . . . . . . . . . . . . . . . . . . . .. .. . .... . . . ....... . ... .. ... ... . . . ........ .. .. . . ....... f--6_+-_ _ __ __ _ _-t
Gross ro yalti es. . . . . ............. -'--+--------_+-
. ........... . . . .... .... . . . .... . ......... .. .... . .. .. .. .. ~7
E
8 Capital gain net income (a ttach SchedUle D (Form 1120)). ... .... . .. . ...... . .... . .. .. .. . . . . .. . ...... ~.:c8-1------___::_::-::+-
9 Net gain or (loss) from Form 4797, Part II, line 18 (attach Form 4797) ... . ......... . .... . .... . ...... . . . ... . 9 754
10 Other income (see page 6 of instructions - attach schedule) .......... . ......... . . .. . . ...... ..... ....... f--1_0-+_ _ _ _ _ _::--::-_+_
11 Total income. Add lines 3 through 10 ... ... . ... .. . ............. . . . .... .... .~ 11 15,303
12 Compensation of officers (Schedule E, line 4) ......... . . .. . . . . . .. . .. .. ... .. . . . .. .. .. ... .. .. ....... ... \-1_2-+_ _ _ _ __ __ -1
~ 13 1-=
Salalles and wages (less employment cred its) ........................... . ......... . .... ... . . . .. ..... ~ 3-+---------+-
E 14 Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 14
. ........ . .... . ..... .... ........ . .... 1-_ '-+_ _ _ __ __ _ _ +-_
I 15 Bad debts . . . . 15-+_ _ _ __ _ __ -+_
. . ....... . ..... . . . ...... . ... . . .... . .. . ... . . . .. .. . . .. . . .. ..... . ......... . .... 1-.-:
g;
!ill~
Ren ts . 16
Ta xes and lice nses 1-=
. . . . .. . . .. .. . ..... . .. ... ~ 7-+--------+__
D 18 Interest ............. . ...... . .. 1-_ 18-+_ _ _ _ __ _ _ +__
E T
o I Charitable conlIibutions (see page 8 of instrucllons lor 10% limitation). . . .. .. . 19
U'
C ~
DepreCiation (a ttach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . ..... . ..... ·. I ·;~· i.... ..... '2 ',' 5'99' i .
T 21 Less depreciation claimed on SchedUle A and else where on return ........ . . " 21a 21b 2,599
I F 22 Deplelion. . ....... ....... . . ... .. ... ............................................. 1- --1_ _ __ _ _ _ __ +-_
2_2
~~ 23 Advertisin g ...... . .. . . .. . .. . .. . ... ..... . . ... .. ............. . . ....... j---=2:.::3-+_ _ __ __ _ _ +__
S 7 24 2_4-+_ __ _ _ _ _ _-t
Pension , profit-sharing, etc., plans .. .. ..... . ... . .... . . ...... . ............... .. ............ . ....... \-
~ 2S Employe e be n e fi I pr og rams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. _:2:.:5'--1r-_ _ _-::--:::---::-:-:::-+
. .. .. ... .......... 1
T
A 26 O ther deductions (attach schedule) .. .. ..... . . ... . . .... . . . .... . .. . . . .. ... SEE. .STATEMENT ... 1 :;:-:-S-','-:-8-:4-:6::--r_
r-::2..:6-+_ _ _ _1
r
I 27 Total deductions. Add lines 12 through 26 .......... ..... .... . .................... . .... .. ......... ~ 27 21,445 I
~ 28 Taxable Income before net operating loss deduction and special deductions. Subiiact line 27 from line 11 28 - 6, 142
S 29 Less: a Net operating lo ss deduction (see page 9 of InslI.) .................. I 29a I
. .. ... i..
b Special deductions (Schedule C, line 20) ........ .. ..... .. ..... 29b 29c
f--~O-l-+-_
30 Taxable income . Subtract line 29c from line 28.
T 31 Total tax (Sch edule J, line 12)........... . ... : : : : : : : : : : : . : .... : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : _ _ - 6..:.._1_4 -0 -t-
_ , _2 '-
A
X 32 Payments:
a 1997 overpayment credited to 1998 . . 32a
A r-~--------+-~
N b 1998 estimated tax payments .. ... ~3~2~b~_ _ _ _ __ _ -+~f--_-r~-r~_~~~~~~~ ' "·' . .
o c Lo s•. ·. "D" , " ' und applle d f or on Form 4466 . . t-:; 2.::-"-_ _ __ _ _ __ _ --.J_ .LJ d Bal ~ f-3_2_d-j_ _ _ _ _ __ __0_1---l
3;::. C
P e Tax deposited With Form 7004 ...... . . . . . . . . . . . . . . . . . . . . . . ~e
f--- +-- - - - - - - - - f - - 4
A I Credi t for tax paid on undistributed capital gains (attach Form 2439) .... . ..... . f--_2~1+_-~-----~1-~---l
Y 3
M , 9 . ~~
Credit for Federal tax on fuels (attach Form 4136). See inslIuctions .. . ......... L3-:2 9 _ __________.~-+- 2- +_-------------- 3~h 0_r-
E Estima ted tax penalt y (see page 10 of InslIuctlons). crl(~ck If Form 2220 IS attached ..... . .. ... .. . . . ... ~ 0 33
N
T
S
Tax due . II line 32h IS smaller Ihan the total of lines 31 and 33, enter amount owed.
Overpayment. If line 32h is larger than the total of lines 31 and 33, enter amoun~verpaid..
. .. ............... 35
34 0 I
Enler amount of line 35 you want: Credite~ 1999 estimated.,tax ~ // I Refunded ~ f--36
- ---,f--- -- -- ----+-
U nder p cn ;l ll lC S Of~eflurY. :;:r~~~~~n~~~anylng SChed~le slatemenls. ana \0 the best Of my knowled g e ) ncJ bel te r . II IS
I d ecla re th ai .ave an
Si (JPo... ~a~
~:~P : ~cc~. rnd eomplele . Oeelara fl I prep7 ~/ on all,nl ormal ,on w ~re parer ~ ny knowledge.
H~
0101lleer r /' - -yr~'/~ Oale/~~t?/ r Tille • II ( S ,.?> PrJ /
~I epa~ I ) A,/, TT~-/J Date J I I C heCkllself Preparer's soclalSeClJl lI> nl tm b er
Paid ;ogn6 ·e ,r /~1 . . . L-fl~ ~~ 5'-:}-j-CD employe d 0 363 58 7770
Preparer's
Frrmsnamelor ~ S~~SMITH, CPA, & ASSOC., PA [ IN ~65 - 06202 69
Use Only
yo"rS . ll se lf.c mploy ed ) r8895 N. MILITARY TRAIL, #202E
KFA 'tn OJd Cllm PALfVl BEACH GARDENS, FL ZlPeode ~3 3410
7 00 4
(I I t'v . Jil l y 1 ' 1' 111)
Application for Automatic Extension uf Time OMB No . 1545- 0 233
Oeoarlmenl at (tlO Treasury
To File Corporation Income Tax Return
I al Revenue Service
Employer Idenllf~lIon numDer
01 corpOIation
TRANSPARENT TECHNOLOGY SERVICES 65-0824972
Numocr . street, and ro o m or sUite no. (If a P .O. boX or oUls!de the Unltod St.tes. see Inst r uctlon3.)
1108 ELIZABETH AVENUE
CI t y Q( l a wn. slate, and ZIP code
WEST PALM BEACH, FL 33401
Check type of return to be filed:
I2l Form 1120 o Form 1120-FSC o Form 1120-ND o Form 1120-REIT o Form 1120-SF
o Form 1120-A o Form 1120-H o Form 1120-PC o Form 1120-RIC
o Form 1120-F o Form 1120-L o Form 1120-POL o Form 1120S
o Form 990-C .... Note: Other 990 filers (i.e., Form 990, 990-EZ, 990-BL, 990-PF, and certain filers of Form 990-T (see instructions ); must use
o Form 990-T , Form 2758 to request an extension of time to file.
Form 1120-F fliers: Check here if you do not have an office or place of business in the United States. . . . . . . . . . . . ... .. . .
1a [request an automatic 6-month (or, for certain corporations, 3-month) extension of time until 3/15 2000 ,to file the
Income tax return of the corporation named above for ~ 0 calendar year or ~ [2l tax year beginning 7 /01 , 1993
and ending 6 /3 0 , 19 9 9 .
b If this tax year is for less than 12 months, check reason:
o Initial return 0 Final return o Change In accounting period o Consolidated return to be flied
2 If thiS app[icabon also covers subsidiaJles to be included in a consolidated return. complete the following:
Name and address of each member of the affiliated group Employer identification number Tax period
3 Tentative tax (see Instructions) . . . . ... . .. , .. . .... ...... . .. ........... . ..... . .. , ......... . , ., .. . ..... .. h"'J-l_ __ _,.",-_-._ _C
4 Credits:
a Overpayment credited from prior year 48
~~--------------~
b Estimated tax pa yments for the tax year. . . .. 4b
~~--------------~
c Less relund for the tax year applied for
on Form 4466 . . ..... .. .... . . .. ...... '.
4c
) B81~
~~~----------------~4}
e Cr edit for tax paid o n undlstributed cap ital gains (Form 2439) ... . ... .... . .... .
~~~----------------~
Credit for Federal tax on tuels (Form 4136) ......................
. . .. . .. , L-~~_ _ _ _ __ _ _ _ _ _-+~____.-'
. __C:::::-~_ _ _ _
5 Total. Add lines 4d through 41 . . . . . . . . . . . .. . .. .. . . 'i
6 Balance due. Subtract line 5 from line 3. Deposit this amount electronically or with a Federal Tax Deposit
FTD Cou on (see Instructions) .................... . 6
"\4ILre, - 'u n oer penallle:s Of pcr\ury , I d eClare. thall havo been aUlhorllco by the aoave- n amea corporaflon (0 make thiS application . ana to the best 01 my k.nowleogo ana belle!. the
temenyoc are lrue, co~ecl' anClcomplol ~ t /p& q-/0 -99
(Tille) (O "l e)
For Paperwork Reduction Act Notice, see instructions. Form 7004 (Rev. ! -'
TRANSPARENT TE NOLOGY SERVICES, INC 65 324972 Page 2
Form 1120 (1998)
I· Schedule A 1
Cost of Goods Sold (See page 100/ instructions.)
1
Inven tory at beginning of year ........................................................... .
2 Purchases . . 2
Cost of labor .. . .............. .... . ....... . ...................... . . ..... . . .... . .
3
Addllion al sechon 263A costs (attac h schedule) ..
4
5 Other costs (attach schedule) .
5
6 Total. Add lines 1 through 5 ....... . .... .
6
7 Inventory at end of year..............
7
. ..................................................... f-.:.....-+---------+--
8 8
Cost of goods sold. Subtract line 7 /rom line 6. Enter here and on page 1. line 2 ..... ..... .. . ... . .......... '--_-'- _ ___ _ _ _ __ --'_ _
9a Check all methods used for valuing closing inventory:
(i) 0 Cost as described in Regulations section 1.471-3
(ii) 0 Lower of cost or market as described in Regulations section 1.471-4
(iii) 0 Other (Specify method used and allach explanation.) ~ _ _ _ _ _ _ _ __ __ _ _ _ __ _ __ __ _ _ _ __ _ _-,;=,-_ _ __
b Check if there was a writedow n of subnormal goods as described in Regulations section 1.471-2(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ 0
c Check If the LIFO in ventory method was adopted this tax year for any goods (if checked, attach Form 970). . . . . . . . . . . . . . . . . . . . ~ 0
d It the LIFO inventor y method was used for this tax year, enter percentage (or amounts) of closing
Inventory computed under LIFO. . ........................... . .. ..... .
e If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? ............ . ...... . DYes o No
Was there any change in determining quantities, cost, or va luations between opening and closing in ve ntory?
If "Yes" attach explanation . . . . . . . . . . . ........................... . . .................... . . .. ....... . . . .. . DYes o No
(a) DIVidends (e) S:;. ec lat de duc t Ions
1
Schedule C I Dividends and Special Deductions (See page 11 of instructions.) re ce ived
(1l)'I.
(a) x (b)
1 Dividends /rom less-than-20%-owned domestic corporations that are subject to the
70% deduction (other than debt-fina nced stock) ............ . . . . . . . . . . . . . . . . . . . ..... .. 70
2 Di vide nds /rom 20%-or-more-owned domestic corporations that are subject to the
80% deduchon (other than debt-financed stock) ....... . . . ....... .... ........ . . . ...... 80
see
3 Dividends on debt-financed stock of domestic and foreign corporations (section 246A) ....... . Instr .
-4
~
Dividends on certain preferred stock of less-than-20%-owned public utilities .. ... . . . ........
Dividends on certain preferred stock of 20%-or-more-owned public utilities ... ... . .... . . . . ..
Di vidends from less-than-20%-owned foreign corporations and certain FSCs that are
42
48
subject to the 70% deduction . . ........... . ................................ . .... . . 70
7 DIVidends from 20%-or-more-owned foreign corporations and certain FSCs that are
subject to the 80% deduction .... .. .......... .. . .. . ......................... . .... . 80
8 Dividends from wholly owned fore ig n subsidiaries sub/ect to the tOO% deduction (section 245(b)) 100
9 Total. Add lines I through 8. See page 12 of instructions for limitation ........... ........... ,::
10 Dividends from domestic corporations received by a small business investment
company operating under the Small Business Investment Act of 1958 .... .... .......... .... 100
11 DiVidends from certain FSCs that are subject to the 100% deduction (section 245(c)(I)) ........ 100
12 Di Vi dends from affiliated group members subject to the I00% deduction (section 243(a)(3)) ..... 100
13 Other diVidends from foreign corporations not included on lines 3, 6. 7, 8, or 11 .............. I>""'·'....
14 Income from controlled foreign corporations under subpart F (attach Form(s) 5471) ........... I>. ••
15 Foreign dividend gross-up (section 78) .... . . ... ........ " . . .... . . ... .. . ..... ..
16 IC-DISC and former DISC dividends not included on lines 1.2, or 3 (section 246(d)) ...... . ...
17 Other dividends ....... . .. ..... . ....... .... . .... , ....... , ... .... . . .. ... . ....
. ;.
18 Deduction for diVidends paid on certain preferred stock of public utilities ..... ......... ... ... I
19 Total dividends. Add lines 1 through 17. Enter here and on line 4, page 1. ... . . . . . . . . . . .. .~
20 Total special deductions. Add lines 9, 10, 11,12, and 18. Enter here and on line 29b, page 1. ..... . ....... .... ..... .~
1 Schedule EI Compensation of Officers (See instructions for line 12, p age 1.)
Complete Scl18dule E only if total receipts (line la plus lines 4 through 10 on page 1, Form 1120) are $500000 or more..
(e) Per cen l 01 Percent 01 corp oration
stock owned
(a) Name 0: of fleer (b) SOCial security number lime devo ted to (() Amount of com p en sa tion
bUSiness ( o) Common (e) Prelerred
% % %
% % %
-r- %
%
%
%
%
%
-
% % %
2 Total compensation of olficers ....... . ............... .... . . . . . . . . . . ........ . ..... .
...... ...... . ,
3 Compensallon of officers claimed on Schedule A and elsewhere on return ..... .. ... ... ......... . ........
4 Subtract line 3 from line 2. Enter the resu lt here and on line 12, page 1 .. .... .. . , . ... . .. . .. . . .. . . . . . .
ror m 1 1 20 ( 19~e) TRANSPARENT 1ECHNO LOGY SERVICES, INC E/.!i- 0824972 Page 3
!Schedule J Tax Computation ( page 13 01 instruct\ons)
1 Cleck il the corporation IS a member of a controlled group (see sections 1561 and 1563) ........ . ...... ~ 0
Important: Members of a contro lled group, see instruclions on page 13.
2a II box on line 1 is checked, enter corp's share 01 $50,000, $25,000, & $9,925,000 taxable Inc brackets (i n that order):
(1) Is I I (2) Is I I (3) S
b E nter the corporation's share of: (1) Add ition al 5% tax (no t more than $11,750) S
(2) Additional 3% tax (not more than $100,000) $
3 Inco me tax Check if a qualilied personal service corporation under sec tion 448(d)(2) (see page 13). ... . . . ~ 0 3 0
4a Foreign tax credit (altach Form 111 8) .. ..... ... . ..... , .. .. . ... . . .. 4a
b Possessions tax credit (attach Form 5735). ..... . , . . ... .. ... .. . . . . . . , . .. 4b
c C heck: 0 Nonconventlonal source fuel credi t
o QEV credit (attach Form 8834) .. .. ... ... . . .
, . . . . . . . . . . . . . . 4c
d General business credi t. Enter here & check which forms are attached: o 3800
o 3468 o 5884 o 6478 o 6765 o 8586 o 8830 o 8826 ~
o 8835 08844 08845 o 8846 0 8820 08847 08861 4d
e Credit lor prior year minimum tax (attach Form 8827) .. . _. ..... ... . .. . . . . . . 4e
5 T o tal credits. Ad d lines 4a through 4e ... .... . , . ... .. .. , . . .. . . . . .. .. , .. , .. . ... . ..... . ..... .. . · . 5
6 Subtract line 5 Irom line 3 ......... ....... .......... - .... . ............. .... . ... . ... . .. . - . . . 6
7 Personal holding company ta x (a ttach Sched ule PH (Form 1120)) .. .. . . .... ........ .... . . . ... . . .. . ... 7
8 Recapture taxes. Check il Irom: o
Form 4255 o
Form 8611 .. . ........ . .... . . . . .. . . , . . .. ... . .. .. .. 8
9 Alternative minimum tax (attach Form 4626) ............. ..... . ........ . .... . ......... , . . . . . . . . . , . . 9
10 Add lines 6 through 9 ........ .. . . . . . .... . .... . .. . . . , . .. . . . . . . . . . . . ....... . ... . . . .. ... ... . .. . · . 10
11 Qua li fied zone academy bond credi t (attach Form 8860) ........ . .... .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . · . 11
12 Total tax. Subtract line 11 from line 10. Enter here & on line 31. paqe 1. . . . . . . . .. . . . .. . . . . . . . . . . . . , . . ' 12 01
I Schedule K I Other Information (See page 15 of instructions.)
Yes No I Yes No
1 Chec k method of accounting: 7 Was the corporation a U.S. shareholder of any controlled foreign
a o Cash b I2J Accr ual :.'
cor poration ? (See sec ti ons 951 and 957.) ...... , .... . ..... , _
_J~
c o O ther (speclly) ~ II 'Yes," attach Form 5471 lor each such corporalion .
Enter number of Forms 5471 attache d ~
- See page 17 of the instructions and state the principal:
8 At any time during the 1998 calendar year, did the corporation
a 5415 19
BUSiness activity code no. (NEW) ~ have an interest in or a signature or other authority over a
b BUSin ess activity ~ ROUTER INST & MAINT financial account (such as a bank account, securitres account,
c Pr od uct or service ~ SERVICE or other financial acco unt) in a foreign country? ... .. . .. .. .. . . X
J At the end of the lax year. did the corporation own, directly If 'Yes." the corporation may have to file Form TO F 90- 22 I .
50' ;~ or mar e of Ihe voting stock of a domestic
or 1f1dll eel 'y, If 'Yes," enter name of foreign counify ~
corporation? (For ru les of attri buti on, see section 267(c).) ... . . Ix 9 During the tax year, did th e corporation receive a dlstribU:lon
from, or was it the gran tor of, or transleror to, a foreign trust?
If 'Yes," attach a schedu le showing: (a) name and identifying If 'Yes," the corporation may ha ve to file Form 3520 .. . . .. X
number, (b) percentage owned, and (e) tax able income or
(loss) before NOL and special deductions of suc h corporation 10 At any time during the tax year, did one loreign person ow n,
lor Ihe lax year ending With or within your tax year. directly or indirectly, at least 25 % 01: (a) the total voting power
of all classes of stoc k 0 1 the corpora ti on entitled to vote . or (b)
4 Is the c orporation a subsidiary in an aHrilated group or a the total value of all classes 01 stock of the corporation? If 'Yes," X
p arent-subsidiary controlled group? . .. .... ......... . . , .. IX a Enter percentage owned ~
If ·Yes." enter employer identrfication number and name 01 b Enter owner's country ~
the paren t corporation ~ c The corporation may have to file Form 5472.
Enler number of Forms 547 2 attached ~
5 At the 2n d of the tax year, did any Individual, partnership,
corporJ llon. eslate or ifust own, directly or Indirectly. 50% 11 Check this box if the corporation Issued publicly offered cabt
or more of th e corporation's voting stock? (For rules 01 Instruments With onginal Issue discount ....... , ... .. . ~ 0
attilbution. see section 267(c).) . . . . . . ...... . . . . . . . . . . . . xl If so, the corporation may ha ve to file Form 828 1.
12 Enter the amount of tax-exempt interest recei ved or accrc ed
If ·Yes." attach a schedule showing name and identifYing no.
(0 0 not Include any Information already entered in 4 above.) during the tax year ... . . . .. ~ $
En ter percentage owned ~ 100 % 13 If there were 35 or fewer shareholders at the end of the tax year.
SEE STATEMENT 2 enter the number ~ 1
During thiS laX year. did the corporation pay di vidends (other
t'1 i:i n slock diVidends and distribution s in exchange lor stock ) 14 If th e corporation has an NOL lor the tax year and IS elect,ng
rn excess of the corporation's current and accumulated to forego the carryback period, c heck here. ~ O
earnrng s and protr:s? (See secs . 301 and 3 16 .) .. . IX
If "Ye s." Ide For m 5<152. II thi s rs a consolidated return. Clnswer 15 Enter the available NOL carryover from prior tax years
here lor the parent corporation and on Form 851, Affiliations (00 not reduce it by any deduction on line 29a.)
Sch e dule . for each subS idiar y. ~ $
::..:C=::..:.:N:..;..0T-L=-=-O-=G-=Y--",,--=-_ _~:-,--_ _ _ __
'1' RAN S AR E NT J,:.E H 4
I- V" " 1120 ( 199 8)
ISchedule L . Balance Sheets per Bl
Assets
Cash .... . . ..................... . ..... ~....:.........-.i2:::.:~A~~.,...,..,..;~~+-~~~~b~:-:-::::-'-~-:--
2a nade no~sandaccoun~receivable .. " , .... . ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
b Less allowance for bad debts ..
J Inventories
4 U.S. government obligations ..
5 Tax-exempt securities (see instructions) .
6 Other current assets (attach sch.) . .s EE. . ST ... 3.
7 Loans to stockholders ...
8 Mortgage and real estate loans ......... .
9 Other investments (attach sch.). . . .
. . . . ... .
10a Buildings and other depreciable assets ..
b Lessaccumula~d deprec~tion .................. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
11 a Depletable assets. .. . .. ...... . .. ..
_ _ _ _ _+:;,;,;,;,;,;,.:;,;,;,;,;,;,.~~::....;:;:;:;:;,;,;",,;;,.,+--------t~.......c....:.,------
~
b Less accumulated depletion ... .
12 Land (net of an y amortization) .. .
13a Intangible assets (amortizable only)
b Less accumulated amortization ... .
14 Other assets (attach schedule) ... ..... .... .
15 Total assets . . . ..... .. .
Liabilities and Stockholders' Equity
16 Accounts payable ... . ................. .
17 Mortgages, notes, bonds payable in less than 1 year
18 Other current liabilities (attach sCh.)SEE. .ST .. . 4.
19 Loans from stockholders ...................... .
20 Mortgages, notes, bonds payable In 1 year or more ..
21 Other liabilities (attach sch.) ........ .
22 Capital stock: a Preferred stock ..
b Common stock . . . . ... . ... . ..... r-~~--~~~~~+-~~~~~~~~~~~~~~~~~~~~~~~~~~--
Additional paid-in capital
24 Retained earnings - Appropriated
25 Retained earnings - Unappropriated .... ... ... . . .
26 Adjustments to shareholder's equity ....... . ..... .
27 Less cost of treasury stock ....... . . ........... .
28 Total liabilities and stockholders' e
Note' You are not required to complete Schedules M-l and M-2 below if the total assets on line 15 column (d) of Schedule L are less than $25, 000.
I Schedule .M-11 Reconciliation 01 Income (Loss) per Books With Income per Return (See page 16 of instructions.)
.
1 Net income (loss) per books .................... -6,142
7 Income recorded on books this year
not included on this return (itemize): ..
2 Federal income tax ..... .......... . . .... ..... . ::,
;.'
3 Excess of capllal losses over capital gains ...... .. . a Tax-exempt interest $
..•. • • • • •.·.;:5 • • · ;'~{· · · ·: :·.
4 Income subject to tax not recorded on books this year ..
(itemize) :
8 Deductions on this return not charged '.'
. .,
5 Expenses recorded on books this year not deducted against book income this year (itemize) : ."
on Ihis return (itemize): )"Y' "":,)' :1:/
a Depreciation .... $ ..:
a Depreciation. ... - .. . .$ . b Contrib carryover $
b Contributions carryover. ... .$
c Travel and entertainm ent .. $ . ' .
~,~ ... , -.~- .. ~,. ~- .. ,~- ...... .-.. .
9 Add lines 7 and 8 .. . ................ 0
6 Add lines 1 through 5 . . .. .. . -6, 142
10 Income (line 28, pg. 1) - line 6 less line 9 -6,142
I Schedule M-2 I Analysis 01 Unappropriated Retained Earnings per Books (Line 25, Schedule L)
1 Balance at beginning of year .. .. . . . . . . ... .... 18, 968 5 Distributions: a Cas h . . . . . .. . . . . . . -
,;;.... Net income (loss ) per books. . . ........... . . -6, 142 b Stock ..... . ........
Other Increases (itemize): c Property .... . .......
.. :.
..
'. 6 Other decreases (itemize):
7 Add lines 5 and 6 ...................
-l Add lines 1. 2. and 3 .... .. . .. . .... ..... . . .. . 12 ,8 26 8 Balance at end of year (line 4 less line 7) . 12,826
OM B No. 1545-0172
- ')epreciation and Amortizaf 1
I= orrn
4562 1998
(Including Information on Listed Property)
AI1:,chmenl
~ See separate instructions. ~ Attach this form to your return. Se ouence No. 67
Identifying n,.mber
RANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
G U:i lne S:i or aCllvlly 10 w n lc h Ih l s f orm relaleS
FORM 1120
I Part I I Election To Expense Certain Tangible Property (Section 179) (Nole: II you have any "Iislea properly." comp lele Pari V belore you com,lele Pari I.)
1 MaXimum dollar limitation. If an enterprise zone bu siness, see page 2 of th e instructions ...... ... . . , ............ 1 $18, 500
2 Total cost of section 179 property placed in service. See page 2 of the instructions . . .... . .... .. .. . . .... . .... . . 2
3 Threshold cost of section 179 property before reduction in limitation . . ... ........ . .... .. .... . .. ..... .... . ... 3 $200, 000
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0 .. . ... . . .. . ..... , .... .... . . . ...... 4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0- . If married fi ling separa tel y,
see page 2 of the Instructions .. . . . ...... . . . ... . .... . . .. . . . .... . . . . , . .... . . . . .. . . . . . .... , ..... 5
6 (a) De'CClplion 0 1 prope rly (0) COS I (bu smess use onlYI (e) EleCleaeOSI
7 Li sted property. Enter amount from line 27 ... .... .......... , .. .......... . ....... 1 7 I
8 Total elected cos t 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 1997. See page 3 of the instructions ........... . ................... . . 10
11 BUSiness Income limitation. Enter the smaller of business income (n ot less than zero) or line 5 (see Instruc tions) . . .... 11
12 Section 179 expe nse deduction, Add lines 9 and 10, but do not en ter more than line 11........ , . , . . . . . .. .. . .... 12
13 Carryover of disallowed deduction to 1999. Add lines 9 and 10, less line 12 ............. ~ r 13 1
Note : Do not use Part II or Part III below for listed property (au tomobiles , certain other vehicles, cellular telephones, certain computers, or property used for
entertainment, recreation, or amu semen t). Instead, use Part V for listed property .
. Part II MACRS Depreciation For Assets Placed in Service ONLY During Your 1998 Tax Year (Do Not Include Listed Property.)
Section A - General Asset Account Election
14 If yo u are making the electio n under sec tion 168(i)(4) to group any asse ts placed in service during the tax year into one or more
general asse t accounts, check this box. See page 3 of the instr uctions ................... . ......................... . .... ~ 0
Section B - General Depreciation System (GDS) (See page 3 of the instructions)
(b) Monlh ana (e) BaSIS lor oepreel.ll on (e)
year placed In (bUSineSS/Investme nt use (d) Re covery (I) Melhoa (9) Deprec la llon deduction
(a) C I<l. :; ~lI lca tlon o( P(Opcr ty
period Convent ion
se r vice only - see Instructions)
lSil 3- year prop erty
b 5-year prop erty
c 7 - year property
d 10-year property '.
e 15-year property
f 20-year property
g 25-year property 25 yrs S/L
27.5 yrs MM S/L
h ReSidentia l rental property
27.5 yrs MM S/L
39 yrs MM S/L
i Nonresidenlial real property
MM S/L
Section C - Alternative Depreciation System (ADS) ' (See page 5 of the instructions)
16a Cla ss hfe S/L
b 12-year 12 yrs S/L __ ...
c 40-yeClr 40 yrs MM
--- -
S/ L 1
·- .
-
l Part 111 1 Other Depreciation (Do Not Include Listed Property.) (See page 6 of the Instrucllons .)
17 GDS and ADS deduc ti ons for assets placed in service in tax years beginnin g bef ore 1998 ............ . ..... ... 17 2,599
18 Property SUbject to section 168(f)( 1) election . . . . . . . . ......... ... . ... . .... . . . ...... .. ... . .... .. ..... . 18
19 ACRS and olher depreciation. ..... . . . '" . . ..... . . . . . . . .. .. . . . . . .. .. .. . .. . . . . . . . . . . . . .. . . . ..
" 19
-'-" art IV I Summary (See page 6 of the instructions.)
Li sted property. Enter amount from line 26 .. . ...... . . ..... , ..... . .... . .. , . ... ...... . . . . . . . . . , . . . . . .. 20
21 Totill. Add deduction s on line 12. lines 15 and 16 in column (g) , and lines 17 through 20. Enter here and on the
approprlale lines 01 your return. Partnerships & S corporations - see instr uctions . . . . . ..... . . . . , . . . ... . . ..... 21 2,599
22 For Qsse ts shown above and placed in ser vice during the c urrent year . enter the portion
01 the baSIS attrib utable to sec tion 263A costs . . .... . . .... .. . ... , .... . ...... , 22 I
K f',\ For Pilperwork Reduction Act Noti ce, see ot the separate instructions. Form 4562 (1998)
ales of Busmess Property
~ . "rn 4"197 (A. _ Involuntary Conversions and Recapture Amoun ,
J
1998
Under Sections 179 and 280F(b)(2)) All ac n rn cnl
Cc.par l rr'lt:n1 of the TI cas ur y
111 1!:! r n a l H evenue S e l l/ ICe (99) ~ Attach to your tax return , ~ See separate instructions, SeQuer :e No. 27
IdenlifYlng number
Name(s) :~ho wn on return
~ ~SPARENT TECHNOLOGY SERVICES, INC
cnter here the gross proceeds from the sa le or exchange of real estate reported to you for 1998 on Form(s) 1099-S
(or a su bstitute statement) that au w ill be includln on line 2. 10. or 20 ........... 1 12 , 500
Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other
Part I Than Casualty or Theft Property Held More Than 1 Year
(e) DeprecIation (f) Cos lor 01 her GAIN c.- LOSS
(g) (hi 28% RATE GAIN
(a) Do,c. 1) 1 (b) Dale acqu"'ed Dale sold
(c) (d) Gross sales allowed basIs. plus Sublracl (I) from c< (lOSS)
prOp trty uno .. day. yr.) (mo.. day. yr.) price or allowable Improvement s and Ihe sum 01 (d) • (se ~ Inst. below)
Sinc e acquIsition expense of sale and (e)
3 Gain, If any, from Form 4684, line 39 .. . ..... . ....... . ... . . . . . . . . . . . . . . . · .
.... .. . .. . ... . 3
4 Sec lion 1231 gain from installment sales from Form 6252, line 26 or 37 . ... . . . . . .. . . . .. . . .... .. . 4
5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824 . . ... . ... . . ... . . . .. . .. , . 5
6 Gain, if any, from line 32, from other than casualty or theft ......... . . " . , ..... .. .. . . . . . . . .... 6
7 Combine lines 2 through 6 in columns (g) and (h).
Enter gain or (loss) here, and on the appropriate line as follows: 7
.::
Partnerships - Reporllhe gain or (loss) lollowlng Ihe Inslrucllons lor Form 1065. SChedule K. line 6. SKIp line s 8. 9. 11.
and 12 below.
S co rporations - rl q)~rl the gam or (IOS5) follOWing the Ins true l ions for Form 1\ 205. Schedule K. lines 5 and 6. Sk IP
5
lines 8. 9 . 1 I, ana 12 be le w, u n less line 7. co lumn (9) 1 a gain and (he S corporat ion 1$ sublect 10 (he cap ital gains la x.
All others I f line 7 . column (g) IS zero or a lo s s, ente r tha t amount o n lin e 11 below and sK Ip l ine s 8 and g . 1f line 7.
col umn (9) IS a gain and you did not have any prior year sec ti on 1231 losses . or they were recap lUred in an earl ier year,
enler th e gain tlas:;) In each column as a long-IeI'm capital gain or (lOSS) on Schedule 0 and sk ip line s 8,9. and 12 b e low . .:
8 Nonrecaptured net section 1231 losses from prior years (see instructions )............ .. . . . ...... 8
9 Subtract line 8 from line 7. For column (g) only, if the result is zero or less, enter -0-.
',"r here and on the appropriate line(s) as follows (see instructions): ' " . ........ . . ......... · . 9 0
orporations - Enler only Ihe gam In column (g) on Schedule D (Form 11 20S), line '4 and sKIp lines 11 and 12 oelow .
All others II line 9. column (g) IS zero. enler Ihe gain from line 7. column (g) on line 12 below. If line 9. column (g) is more Ihan zero. enler Ihe amounl from line 8. colurnn (g) on line 12
below. and enter Ihe gain or (loss) In each column of line 9 as a long-term cap!lal gain or (105S) on Schedule D .
• COfporallons (other Ihan Scorporal Ion) shou ld not complele column (h). Parlnershlp s and Scorpora l Ions must complele COlumn (hi. All olhers must complele column (hi
on ly II l ln c 7, co lumn (g), IS a gain. Use co lumn (h) only to report pre-19gB 28%.rale gain (or lOSS) from a 1997-98 fiscal year partnership or S corporation.
Part II I Ordinary Gains and Losses
10 Ordinary gains and losses not Included on lines 11 through 17 (include property held 1 year or le ss) '
...
. • ',':.:
VAN 12/30/97 7/21/98 12, 500 4,494 16, 240 754 .....
.... "
..
11 Loss, if any, from line 7, column (g) . , ........ .............. . ......................... · . 11
12 Gain, if any, from line 7, column (g) or amount from line 8, column (g) if applicable .......... . . , ... 12
13 Gain, If any, from hne 31 .. , ... . . . . .... . . . . . . . . .... .... . . . . . . . . . .... . · .
............ .. , 13
14 Net gain or (loss) from Form 4684 , hnes 31 and 38a ..... . ..... . ... . .... . ... .. ... . . . . ... · . 14
15 Ordinary gai n from Installment sa le s from Form 6252, line 25 or 36 .. ...... . . ....... .. . ... . . .. 15
16 Ordinary gain or (loss) from like-kind exchanges from Form 8824 ... ... . ... . , ... .. . . . . . . . . . . 16
17 Recapture of section 179 expense deduction for partners and S corporation shareholders from ~'--'-
~.~."""""".~~.----., . .. -~ --
property diSPOSItiOI1S by partnership s and S corporations (see Instru c tions) .... .... , . ......... 17
18 Combine lines 10 through 17 in co lumn (g).
Enter gain or (loss) here, and on the appropriate line as follows: .. ...... . ........... . . ... . ... . 18 754
W :', ::, ',
a For all except Individual returns: Enter the gain or (loss) from line 18 on the return being filed.
.:;\F
b
-
For Indi vi dual returns:
If the loss on line 11 inc ludes a loss from Form 4684, line 35 , column (b)(ii), enter that part of the
loss here . Enter the part of the loss from income-producing property on Schedule A (Form 1040),
.. ,
i
·
..
line 27, and the part of the loss from property used as an employee on Schedule A (Form 1040),
line 22. Idenltfy as from "Form 4797, line 18b( 1)." See in struc tions .......... . ...... .. . . ... lRb(1) ..
(2) Redetermine the gain or (loss) on line 18, excluding the loss, If any, on line 18b(1). Enter here
and on Form 1040, line 14. .. . .. . ." . . . .. . . . . . . . . . .. . ...... 1Rh(2)
KFA For Paperwork Reduction Act Notice, see separate instructions. F~ m 4797 ('998)
---
1998 FEDERAL STATEMENTS PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
STATEMENT 1
FORM 1120, LINE 26
OTHER DEDUCTIONS
EMPLOYEE LEAS ING EXPENSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,9 29
LEGAL AND PROFESS IONAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 917
TOTAL $ 18,8 4 6
=======
STATEMENT 2
FORM 1120, SCHEDULE K, LINE 5
50% OR MORE OWNERS
NAME : THOMAS RIETWYK
ID NUMBER : 072-38-4286
PERCENTAGE OWNED: 100%
STATEMENT 3
FORM 1120, SCHEDULE L, LINE 6
OTHER CURRENT ASSETS
Ir- BEGINNING ENDING
DUE FROM TRANSPARENT TECHNOLOGY, INC . . . . . . . . . . . $ 0 $ 5,497
STOCK SUBSCRIPTION RECEIVABLE . . . . . . . . . . . . . . . . . . 500 500
TOTAL $ - 500 $ 5 , 997
= =====
STATEMENT 4
FORM 1120, SCHEDULE L, LINE 18
OTHER CURRENT LIABILITIES
BEGINNING EN~ING
DUE TO TRANSPARENT TECHNOLOGY, INC . . . . . . . . . . . . . $ 39,602 $ 0
TOTAL $ 39,602 $ 0
6/30/99
, 1998 FEDERAL DEPRL ~-IATION SCHEDULE
)
PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824912
CUR PRIOR PRIOR
DATE DATE COST/ BUS . 179 179 DEC. BAL. BASIS SALVAGE DEPR. PRIOR CURRENT
NO. DESCRIPTION AC OU IRED SOLD BASIS PCT . BONUS BONUS DEPR. REDUCTN VALUE BASIS DEPR. METHOD LIFE RATE DEPR.
FORM 1120
1 VMJ 12/30/97 7/21/98 16,240 16,240 1,895 200DB HY 5 .32000 2,599
TOTAL 16,240 o o o o o 16,240 1,895 2,599
TOTAL DEPRECIATION 16,240 o o o o o 16,240 1,895 2,599
GRAND TOTAL DEPRECIATION 16,240 o o o o o 16,240 1,895 2,599
DEPRECIATION ASSETS SOLD 16,240 o o o o o 16,240 1,895 2,599
DEPR REMAINING ASSETS o o o o o o o o o
6/30/99 1998 FEDER AL ALTERNATIVE MINlrvI0~ TAX DEPRECIATION SCHEDULE PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
DATE DA TE AH T MT
A PRIOR AM T AM T AMT AM T RE G. ST·
OWNR . PO 86 REA L PROP LEAS PERS
NO. DE SCRIPTI ON ACQUI RED SO LD B IS
AS DEP R. MET HOD LIFE RA TE DEP R. DEP R. PCT. D DJ
EPR A . PREF . PROP PRE F
FORM 11 20
1 VAN 12/30/97 7/2 1/98 16,240 1, 42 1 150D8 HY 5 . 25500 2, 071 2,5 99 528
... . ... .. ------- -- - - - - - - - -- - _ .. . ... .
TOTAL 16,240 1, 421 2, 071 2, 599 528 0 0
. _. . . - --- . -- -- - - -- 0_ ' __________ •• _. _ _._ . _. _. - - - _. _- - - - --- - - - . - .
TOTAL DEPRECIATION 16, 24 0 1,421 2 ,0 71 2 ,5 99 528 o o
GRAND TOTAL DEPRECIATI ON 16 , 240 1,421 2,071 2 ,5 99 528 o o
6/30/99 J 1998 FEDERAL ADJUSTED CURRENT t-.ARNINGS DEPRECIATION SCHEDULE ' PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-08~4912
DATE DATE ACE PRIOR ACE ACE ACE ACE POST 1993 POST 1989 PRE 1990 PRE 1990 SECT. 168 OTHER
NO. DESCRIPTION ACQU IRED SOLD BASIS ACE DEPR METH OD LIFE RATE DEPR. PROPERTY PRE 1994 MACR S PRP ACRS PRP. PROPERTY PROPERTY
FORM 1120
1 VAN 12 / 30/97 7/21 / 98 16,240 1, 421 2,071 2,071
TOTAL 16,240 1,421 2,071 2,071 o o o o o
TOTAL DEPRECIATION 16,240 1,421 2,071 2,071 o o o o o
========= ========= ======= == =========
GRAND TOTAL DEPRECIATION 16,240 1,421 2,071 2,071 o o o o o
========= ::=======
Forrn 1120
u. ~ - :orporation Income Tax Rl ,rn
OMU " 0. 1545 - 0123
Department of the Treasur y
For calendar year 1997 or lax year beginnin g 6..!.../-=3~0 .19_9_8_
12/.30 .1997. ending _ __ ---=:. 1997
Internal Revenue ServI ce ~ Instructions are separate. See page 1 for Paperwork Reduction Act Notice.
~ ,eCh>ia . Use B Employer identihc.atlon number
IRS
nsollda\e d re turn
.ach Form 851) o label.
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
2 ,-crsonal holding co. D Other 631 US HIGHWAY 1 #312 C Date Incorporate d
(allach SCh. PH)
3 P ersonal serv ice corp . wise, WEST PALM BEACH, FL 33408 1 2/ 30/97
(as del Ined In please
Temporary Regs. D Total a ssets (see pagE: 50 1 Ins truc tionS)
print
~:~'I~~~~~ZI~~~S) 0 or type.
~ 0 ~ 59, 070
°,°°°I
E C heck appllc a Ole ooxes: (1) lnollal relur n (2) Final relurn P) Change 01 aodre s s $
1 a Gross receipts/sales 5 I b Less returns & allowances L c Balance ~ r-1c
I _______---.l1 _ -t___ ___O
5 ---',_0_0_0-t_
2 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Gross profit. Subtract line 2 from line 1c .... ... . . ...... .......... ........ . . . .... . . ....... . .. ... . ... . 3 50,000
4 Dividends (Schedule C, line 19) .... ..... , . . . ...... . . . . .... . .. .. . ........ . ..... . ....... . . ... . .... . 4
I
N 5 Interest ... . .. ........... . . ... ........• .. ..... . .............. 5
C 6 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1- - t - - -
6 - ___-+_
0
M 7 Gross royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
E
1--4-- - - ----- + -
8 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
f--4- ---------- +-
9 Net gain or (loss) from Form 4797, Part II, line 18 (attach Form 4797) . . .. . ... ... ... . .. . . . ...... . . ... . .. .. . 9
10 Other income (see page 6 of instructions - attach schedule) .......... . . . ......... . ... . . ..... . ..... . ... . 10
11 Total income. Add lines 3 through 10....... ... .......... . .... .. .... . ..... ..... . .. . ... .. . . ... . . . . ~ 11 50,000
12 Compen sa tion of officers (Schedule E, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
r---4-----------------+-
s 13 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
r-~--------------~
E
E
14 Repairs and maintenance ......... .......... . .. .. . .. . . . .... . ............. . .......... . ...... . . . . . 14
I 15 Bad debts ... ... . . . ............ . .. ......... ... ..................... . .. . . . ......... .... .. ... . . 15 10,775
~ 16 Rents ......................... . ............ . ....... . ............ .... ...... .. ..... . . .... . . . . 16
~ 17 Taxes and licenses .... ... . . .......... . ... ........ ....... . ........... ..... . . ... . .. . . . . . . . . . . . . . 17
o ~ 18 Interest . .. ............ .. . . .............. .... ......... . .. ..... ............... . ..... . ...... .. . 18
E T 19 Charitable contributions (see page 8 of instructions for 10% limitation) .................. . .. ........... . .. . 19
0 1
l~- 'W Depreciation (attach Form 4562) . .... ........ ... . ... . .. ........ . . ...... I 20 I 1, 895 I
l 21 Less depreciation claimed on Schedule A and elsewhere on return. . . . . . . . . . . . 21a 21b 1, 895
T ~~---------------L-4~~------~~~~+-
I 6 22 Depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
o R 23 Ad verti sing . . ........ . . .... . .... . .. .................. . .......... ... .. ... .... .. .... .......... . 23
N L
S I 24 Pen sion, profit-sharing, etc., plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
~ 25 Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
~ 26 Other deductions (attach schedule) ....... . .... . . . . . .. . ...... . . . .......... .sEE. .STATEMENT . .1 2618,362
r---+-------~~~~~+_-
T 27 Total deductions . Add lines 12 through 26 ............ ... ................................. ... .... ~ 2731, 032
r-~------~~~~~
~ 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 . . . . . . . . . 28 18 , 968
s 29 Less: a Net operating loss deduction (see page 9 of instr.) . ... .sEE.. ST .. 2 I 29a I 6 , 142 I .
b Special deductions (Schedule C, line 20 ) . . . . . . . . . . . . . . . . . . . . . . . .. 29b 29c 6,142
30 Taxable income. Subtract line 29c from line 28 . ................. . . ... .......... . .. ... .......... . . .. . 30 12,826
T 31 Total tax (Schedule J, line 10) . . . .. ....... ...... ........ .. .. .. .... ......... . ...... .... . . .. .... .. . 31 3, 2 07
A 32 Payments:
X
a 1996 overpayment credited to 1997 f-=3.=2.=a+______________-I---I SEE STMT 3
A 1,638
N b 1997 estimat~d tax payments ...... 1- 3_2_b+_______________-I-~------,,_--~------~-------~__,
o c Less 1997 refuno applleo f or on Form 4466. L...:.3.=2.::.C....lI.l.-(____________--l.---LJ' d Bal ~r-3_=2_=d-l-_______ _ _ ___=0'_+---i
e Tax deposited with Form 7004 ........... .... ........ . ... ........ ..... r--=3.=2.::e+____________-+--I
P
A
Y
M
E 33
9
f Credit for tax paid on undistributed capital gains (attach Form 2439) . ... . .. . ... f-.=3.::2.:..f-l-_____________+_l-~
Credit for Federal tax on fuels (attach Form 4136). See instructions. . .. .. . . . . ..
Estimated tax penalty (see page 10 of instructions). Check if Form 2220 is attached . .. .......... ... .. ~
329
~~L-__________~~~_==~----_ _------~+-
~
32h
33 94
°
N 34
T
Tax due. If line 32h is smaller than the total of lines 31 and 33, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . 34 4 , 939
r-~--------~--~~
S 35 Overpayment. If line 32h is larger than the total of lines 31 and 33, enter amount overpaid . . . . . . . . . . . . . . . . . . . . 35
36 Enter a mount of line 35 you want: Cr~ed t~estim~d tax ~/ I Refunded ~ f-36- t - - - - - - - - - - - - - t -
-
unde;~penallies II h ~~x inCl . ng accompanying
o f perjury , I declar ~ aml
true. correct. and complete . D ec lion
d IhIS~'
th;r t oWr'epZ
n xpa y, IS ba sed on all Infor mation
: edUles d preparer has any the best of
S ufIN a ichstatements. and tokn owle dge. rny knowledg e: dn d bellcf. IllS
h
Signalure ~ :::... .. . --..., ?
of o f I , .. -;/ 7' V 7~/ Date-,~./" Title / ""< t---S ,. 7) ("'7 r-
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I employed 0
Preparer'ssoclalsecurolynumber
363 58 7770
°
s lgnalure ,. /);.
Preparer 's
Form's name (or ~ SU~~ SMITH, CPA, & ASSOC., PA EIN ~6 5 - 62 026 9
Use Only yo urs. if self- employed) 8895 N. MILITARY TRAIL, #202E
KFA and address PALM BEACH GARDENS, FL ZIP code ~33410
Form 1004
(Re v, July 1997)
Application for Automatic Extension of Time o:v, B No 1545- G233
To File Corporation Income Tax Return
l...rI m !2 f1t a t tne Trea s ury
' a t Re ve nue Servi c e
Name of c orporation Employer identific<ltion number
TRANSPARENT TECHNOLOGY SERVICES INC 65-0824972
Numoer, s t ree t . and ro o m or suit e no, (If a P.O. bOX o r out Si de th e United S tates. sec Instructi ons .)
1108 ELIZABETH AVENUE
C ity or town, s t ate, and Z.IP c ode
WEST PALM BEACH FL 33401
Check type of return to be filed :
~ Form 1120 Form 1120-FSC Form 1120-ND Form 1120-REIT Form 1120-SF
Form 1120-A Form 1120-H Form 1120-PC Form 1120-RIC Form 990-C
Form 1120-F Form 1120-L Form 112D-POL Form 1120S Form 990-T
Form 112G-F filers: Check here if you do not have an office or place of business in the United States ~
U
1a 'request an automatic 6-month (or, for certain corporations, 3-month) extension of time
li,,~1 " , ,3 / ::',5.1 9 , ,to file tile income tax return of the corporation named above
9 for ~ 0 calendar
year 1997 or ~!8I taxyearbeginning1~/o.l/97 and ending 6/30/98
b If this tax year is for less than 12 months, check reason:
~ Initial return 0 Final return 0 Change in accounting period 0 Consolidated return to be filed
2 If this application also covers subsidiaries to be included in a consolidated return, complete the following:
Name and address of each member of the affiliated -.9rou~ Employer identification number T ax period
3 Tentative tax (see instructions) , 3 o
4 Credits:
a Overpayment credited from prior year
b Estimated tax payments for the tax year
C Less refund for the tax year applied
for on Form 4466
5- . Total. Add lines 4d through 4f 5 o
I 3alance due. Subtract line 5 fr~m line 3, Deposit this amount electronically or with a Federal
Tax Deposit (FTD) Coupon (see instructions) , 6 o
Signature.- under penaltie s o r perjury, I declare that [ nave been auth o rized by the above-named co rporati on [Q m aKe t hi s application, and to tnc Qes! or my Knowledge
and be liet. t h e s t a tem e n ts mad e are true, correct. and complete.
9( 14 /98
{Signature of o fficer or agen ll (Title) (DalOi
For Paperwork Reduction Act Notice, see instructions. Form 7004 (R ev, ; _ e7)
DAA
Form 1120 (1997) TRANSPARENT TECHNOLOGY SERVI CES, INC 65-0824972 Page 2
I Schedule A I Cost of Goods Sold (See page 10 of instructions,)
Inventory at beginning of year .. .. ... . ..... . .... . ..... . ... , .... . ...... . .. .. . ... . . .. . , ... . ...... .
Purchases , . , , , . , . ' . , , . .. .. , , , . ..... . . , . ' , ... ' , , .. ' , ' . . , ' , . ' . , , .. , . . , , ' , , ... , ' , ... , , . . , 2
Cost of labor , . , , . , ' ... , , . .. , . , .. , , , .. , , . , , .... , ... ... . . . , .. , .. ' , .. .. . , .. , . , , '.,,,' ,,., 3
4 Additional section 263A costs (attach schedule) ... ' , .. .. , ... , , , .. , .. . , , . ' , .. . , ' . , , . ' . , ... .. , .. ' , .. , , 4
5 Other costs (attach schedule), , . , . , . , .. , . , , .. , . , ....... , . , . . .... , . , . . .... , ' . ' , .. , ' , .. . , , , .. , , ' 5
6 Total. Add lines 1 through 5 .. . , .. . . , , , . .. , . ' ...... , . , . . .. , . , ... ' , . , .. , ... , . , .... . ... . . . , . ' . . . 6
7 Inventory at end of year. , ... , . , , , . . . , . ' , . , ' .. , 7
8 Cost of goods sold, Subtract line 7 from line 6, Enter here and on page 1, line 2... , .. , . , , ... , ' . 8
9a Check all methods used for valuing closing inventory:
(i) 0 Cost as described in Regulations seclion 1.471-3
(ii) 0 Lower of cost or markel as described in Regulations section 1.471-4
(iii) 0 Other (Specily method used and attach explanation,) ~
b Check if there was a writedown of subnormal goods as described in Regulations section 1.471-2(c), . , . , , , . ' , . , . .. , . .. . ' . , ' . . . , ~ 0
c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) ~ 0
e If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? . .. ,., ... , . , ... , , , .
Was there any change in determining quantities. cost, or valuations between opening and closing inventory?
If "Yes" attach explanation . . ....... . ... .. . .. .............. . ...... .. ... . ..... .. .. ..... . . ............ . .. . DYes o No
D,vidends de duc lions
I Schedule c :1 Dividends and Special Deductions (See page 11 of Instructions.)
(a)
rec elVe d
(b)%
(e) S ~e clal
(a)x (b)
1 Dividends from less-than-20%-owned domestic corporations that are subject to the
70% deduction (other than debt-hnanced stock) .. . , , , .. ' . , .... , . .. , ......... , , ' . ... , ,
70
2 Dividends from 20%-or-more-owned domestic corporations that are subject to the
80% deduction (other than debt-financed stOCk). ' .... , .. , , .. , ....... ' . ' , .. ' . .... .. ...
80
3 Dividends on debt-financed stock of domestic and foreign corporations (section 246A). , ..... , see
inslr.
4
~
DiVidends on certain preferred stock of less-than-20%-owned public utilities ..... ... ....... 42
Dividends on certain preferred stock of 20%-or-more-owned public utilities ................
48
6 Dividends from less-than-20%-owned foreign corporations and certain FSCs that are
subject to the 70% deduction ............ ... .. . ...... . .............. . ...... . .. .
' , 70
7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs that are
subject to the 80% deduction .............................................. .. ....
80
8 Dividends from wholly owned foreign subsidiaries subject to the 100% deduction (section 245(b)) 100
9 Total. Add lines 1 through 8. See page 12 of instructions for limitation .. , ........ , . .. . .....
10 Dividends from domestic corporations recei ved by a small business investment
company operating under the Small Business I nvestment Act of 1958 . ... .. ......... . ... . . 100
11 Dividends from certain FSCs that are subject to the 100% deduction (section 245(c)( 1)) .. ...... 100
12 DiVidends from affiliated group members subject to the 100% deduction (section 243(a)(3)) . .. . 100
13 Other dividends from foreign corporations not included on lines 3, 6, 7, 8, or 11, , . . , , . , . , .. , '
14 Income from controlled foreign corporations under subpart F (attach Form(s) 5471) .. , .. , .. , . .
15 Foreign di vidend gross-up (section 78) ... , .. , . . ... , .. . , .. .. ..... .. . ... . , , . . , ... . .. ,
16 IC-DISC and former DISC dividends not included on lines 1,2, or 3 (section 246(d)) .. , ... .. , .
17 Other dividends, . , ........ , . , . .. , . , , .. , , . ' .. .. . , . ' , , , . ............. . .
.. . ..... .
18 ..... . . .....
Deduction for dividends paid on certain preferred stock of public utilities .. , ' .. ,
I
19 Total dividends. Add lines 1 through 17. Enter here and on line 4, page 1 , , , , .. , , . , .... . ~
20 Total special deductions. Add lines 9, 10, 11, 12, and 18, Enter here and on line 29b, page 1, , . , ... , . , ... , .. .. ... , , , . , ~
I ScheduleE I Compensation of Officers (See instructions for line 12, page 1.)
Complete Schedule E only tf total receipts (line 1a plus lines 4 through lOon page 1 Form 1120) are $500 000 or more
(C)Pe rce nlof Percent 0 1 corporatIon
s lock ow ned
(a) Name of officer (Il) Social secuCily number lIme elevoted to (f)Amounl 01 compensation
business (d) Common (e)Preferred
% % %
% % %
_r ' % % %
% % %
% % %
2 ................ . ... . ...... .. ....... . . . . . . . . ............. .
Total compensation of officers. , ' .. , , .
3 Compensation of officers claimed on Schedule A and elsewhere on return, .. , , , , , . . .... , ... , ... , .. . ......
4 Subtract line 3 from line 2. Enter the result here and on line 12, page 1.. , . , .. . , , , ... , , . , . ' , ... , , . . , , .. . , ,
Form 1120(1997) TRANSPARENT r -~ HNOLOGY SERVICES, INC 65-0824972 Page 3
I Schedule J 1 Tax Computation (See page 12 of instructions .)
1 C heck if the corporalion is a member of a controlled group (see sections 1561 and 1563) .... ... . ..... ~ I:3J
Important: Members of a controlled group, see Instructions on page 12.
- 2a If the box on line 1 is checked , enter the corpora lion's share of the $50,000, $25,000, and $9,925,000 taxable
Income brackets (In that order):
~I
(1) 1.$ 0 1 1 (2) 1$ 16,9 60 1 1 (3) 1$
3
b Enter the corporation's share of: (1) Add itional 5% tax (no t more than $11,750) ..
(2) Additional 3% tax (not more than $100,000) .
Income tax. Check this box if the corporation is a qualified personal service corporation as defined in
I~ I -
section 448(d)(2) (see instructions on page 13) ........................ .sEE. . STATEMENT .. 4 ~ 0 3 3,207
4a Foreign tax credit (allach Form 1118) ........... . . . . . .... . . . . . . .
.. ... . . 4a
b Possessions tax credit (allach Form 5735) ...... . .. . ... ... .... . . . . . . . . . . . 4b
c Check: 0 Nonconventional source fuel credit
IJ OEV credit (allach Form 8834) .... .......... - . . . . . . . . . . . . . . . 4c
d General business credit. Enter here & check which forms are attached: o 3800
o 3468 o 5884 o 6478 o 6765 o 8586 08830 08826
-
o 8835 o 8844 o 8845 o 8846 o 8820 08847 08861 4d
e Credit for prior year minimum tax (allach Form 8827) ...................... 4e
5 Total credits. Add lines 4a through 4e . . . . . . . . . . . . - . . ...... . ..... .. . . ....... ... . . . . . . . . . . ... . . .. 5
6 Subtract line 5 from line 3 .................................. ... ... . ..... ... .. . . ... .. . ..... . .... 6 3,207
7 Personal holding company tax (attach Schedule PH (Form 1120)) ....... . .................... . ......... 7
8 Recapture taxes. Check if from: o Form 4255 o Form 8611 ... ..... .... ..... . . . .. ... .. .. ..... .... . 8
9 Alternative minimum tax (allach Form 4626) ... . .................. .. .. ....... ... . . .. , .......... .... . 9
10 Total tax. Add lines 6 through 9. Enter here & on line 31, page 1 ........... . ..... . . .. ..... . . .. . . . ...... 10 3,207
1 ScheduleK I other Information (See page 14 of instructions.)
1 C heck method of accounting:
~ Yes No
7 Was the corporation a U.S . shareholder of any controlled foreign
a o Cash b I:3J Accrual '.'.'.'
corporation? (See sections 951 and 957.) ............ ..... X
c o Other (specify) ~
.
::;.".i:•.· If ''Yes,'' allach Form 5471 for each such corporation.
Enter number of Forms 5471 allached ~
..... ,~-;:.:-:.:
L See page 16 of the instructions and state the principal:
8 At any time during the 1997 calendar year, did the corporation
a Business activity code no. ~ 8980 i::."· have an interest in or a signature or other authority over a
b Business activity ~ ROUTER INST & MAINT .....
financial account (such as a bank account, securities account,
c Product or service ~ SERVICE or other financial account) in a foreign country? ..... ... X
..
3 At the end of the tax year, did the corporation own, directly If ''Yes,'' the corporation may have to file Form TO F 90-22.1.
or Indlreclly, 50% or more of the voting stock of a domestic If ''Yes,'' enter name of foreign country ~
corporation? (For rules of attribution, see section 267(c)) ... ..
=rK 9 During the tax year, did the corporation receive a distribution
from, or was it the grantor of, or transferor to , a foreign trust? If
If ''Yes,'' allach a schedule showing: (a) name and identifying
''Yes,'' see page 15 of the instructions for other forms the corpo
number, (b) percentage owned, and (c) taxable income or
(loss) before NOL and special deductions of such corporation '-f.. . . ration may have to file ................. ...... ..... . .... X
for the tax year ending with or within your tax year.
10 At any time during the tax year, did one foreign person own,
directly or indirectly, at least 25% of: (a) the total voting power
4 Is the corporation a subsidiary in an affiliated group or a
parent-subsidiary controlled group? ....... .... . , ....
If ''Yes,'' enter employer identification number and name of
m of all classes of stock of the corporation entitled to vote , or (b)
the total value of all classes of stock of the corporation? If ''Yes,''
a Enter percentage owned ~
X
the parent corporation ~ b Enter owner's country ~
..
c The corporation may have to file Form 5472.
Enter number of Forms 5472 attached ~
5 At the end of the tax year, did any individual, partnership, ..
corporation, estate or trust own, directly or indirectly, 50% 11 Check this box if the corporation issued publicly oflered deb t
or more of the corporation's vo ting stock? (For rules of .... :. instruments with original Issue discount .... . ... ... .. . ~ 0
attribution, see section 267(c).) ... . ....... ...... .. .... . Xl ...
If so, the corporation may have to file Form 8281 .
.... 12 Enter the amount of tax-exempt interest received or accrued
If ''Yes,'' attach a schedule showing name and identifying no.
(Do not include any information already entered in 4 above.) during the tax year ..... . . ~ $
Enter perce ntage owned ~ 100% 13 If there were 35 or fewer shareholders at the end of the tax year,
SEE STATEMENT 5 enter the number ~
During this tax year, did the corporation pay diVidends (other
than stock dividends and distributions in exchange for stock) 14 If the corporation has an NOL for the tax year and is electing
in excess of the corporation's current and accumulated to forego the carryback period, check here ........... l> 0
earnings and profits? (See secs. 301 and 316.) ...... ...... Ix
If ''Yes,'' file Form 5452. If this is a consolidated return, answer 15 Enter the available NOL carryover from prior tax years
here for the parent corporation and on Form 851, Affiliations (Do not reduce it by any deduction on line 29a.)
Schedule. for each subsidiary.
.. ';:}.' , ~ $
Farm 11 20 ( 1997) TRANSPARENT - ~CHNOL O GY
J SERVICES , INC 6 5-0824972 Page 4
Beginning of tax year End of tax year
[ Schedule L I Balance Sheets per B('_"s
(a) (b) (c) (d)
Assets
1 Cash ... . . . . ... . .. . ...... ... . . . . . . . . .. . .. ~
5, 000
2il Trade notes and accounts receivab le .. . . .... . ... 39, 225
b Less allow ance for bad debts .. . . . . . . .. . . ... .. . 39, 225
3 Inventories . . . . . ...... . ....... . . . ..... • . ....
4 U. S. government obligations .... . . . . . ... . ......
5 Tax-exempt securities (see instructions) . . . ... ... . --:r:-" ,~; ct,.l
6 Other current assets (attach sch.) .. .sEE. .ST .. 6 (LQ:+v< f\ 500
7 Loans to stockholders ... .. .. .. . . . . .. ... .... . .
8 Mortgage and real estate loans ...... .. . ........
9 Other investments (attach sch .) ... . ..... .... .... .
..
lOa Buildings and other depreciable assets .. . . . .... .. 16, 240
b Less accumulated depreciation . . .. .. ... . . . ... . . ( ) ( 1, 895 ) 14, 345
lla Depletable assets .. ......... . . . . .. ... ... .. . ..
b Less accumulated depletion .. . ... .. ..... . .. .... ( ) ( )
... .
12 Land (net of any amortization ) ... . .... . . .. . . . ...
13a Intangible assets (amortizable only) . . .. . . . .. . ... . ..
b Less accumulated amortization ..... . ......... . . ( ) ( )
.. .. . :::;.:.:.
14 Other assets (attach schedule) .... . ... ....... . ..
15 Total assets .. . . . . .. . ....... .. .. . . ... ... .... 0 . .. 59, 070
':::::;. ..
Liabilities and Stockholders' Equity ..
16 Accounts payable ..... . . . .. . .... . . . ... . .... . i ... ...
..
17 Mortgages, notes. bonds payable in less than 1 year .. ..
..
18 Other current liabilities (attach sch.) . .SEE. .ST .. 7
;': ... ::.
.........
• 39, 602
l i;:::E>:i~? "' ::) '.
... ..
19 Loans tram stockholders .... . .. . . ..... . .. .... . .;:
20 Mortgages. notes. bonds payable in 1 year or more ;":::
21 Other liabilities (attach sch .) . ... . . .. ... . .. ......
lill':: ::.gt.:.·j.·:.·:...;·;·' :.·•..••· ...':':. '::. ......
22 . . .. .. ..........
Capital stock : a Preferred stock
..'-; .... . :::': '... ...
b Common stock . . . . . . . . . . . . . . . . 500 500
... :;':::.:::=:::::: ::'" .,.. .. :.
J Additional paid-in capital ... . . ... . ... ..... .. .. .
..... ..
24 Retained earnings - Appropriated . ... . .. .. . . . ... .. ..
"
-' ....
.. . .. .
25 Retained earnings - Unappropriated . . . . . . . .... . . .".' . .. ... .
.. 18, 968
26 Adjustmen ts to shareholder's equity.. . . . . . . . .. ... . ..
27 Less cost of treasury stock ..... . . .. . ... .... • ... •• o •
( ) ( )
28 Total liabilities and stockholders' equity ......... .. . /:::::
: 0 .. , ." .......,:. ..... - 59, 070
Note ' You are not requ ired to complete Schedules M-1 and M-2 below If the total assets on line 15 column (d) of Schedule L are less than $25 000
1"' ScheduleM~l l Reconciliation of Income (Loss) per Books With Income per Return (See page 15 of instructions.)
1 Net income (loss) per books ... . . .. .. .. . . .. .... 18, 968 7 Income recorded on books this year
2 Federal income tax ... .. .... . . . .. . ... .... . . ... not included on this return (itemize):
3 Excess of capital losses over capital gains . . .. . .... a Tax- exempl mleresl $
..
4 Income subject to tax not record ed on books this year f':::· ·
· · · .·..i··;?:i.;r. :
(itemize):
8 Deductio ns on th is return not charged
5 Expenses recorded on books this year not deducted
... ' / :;"::;) .. '
against book income this year (itemize):
on this return (itemize): ..
a Depreciation . .. $
a Deprec ia tion .. . . .. ..... . $
.' b Contrib carryover $
.. .. ....
b Contributions carryover .... $ y.;.;' ..
c Travel and entertainment . .. $
.. ::::':'"
9 Add lines 7 and 8 . . . . .. .... .. .. . ... . 0
6 Add lines 1 through 5 ...... ...... . ... .. .. ..... 18, 968 10 Income (line 28. pg . 1) - line 6 less line 9 18 , 968
I ScheduleM':"21 Analysis of Unappropriated Retained Earnings per Books (Line 25, Schedule L)
1 Balance at beg inning of year .. . .. .. . . . ... . ..... 5 Distributions : a Ca sh ... . ... . . . . . . .
" Net income (loss ) per books .... . .. .... . . . ... . . 18, 968 b Stock . . . . .. .. . . . . .
Other increases (itemize): .. .. c Property . ....... . . .
..... ...
.:.
::'":.·;;:tf{· . . . .. 6 Other decreases (itemize):
,, ' .. .
7 Add lines 5 and 6 . ...... . ...........
4 Add lines 1, 2, and 3 . . ... . . ... .... ..... . ..... 18, 968 8 Balance at end of year (line 4 less line 7) . 18, 968
OMS Nc. 1545-0142
UndeqJdyment of Estimated Tax by Corpvrations
Form 2220
Departmc:nl 01 Ihe Trea sury
~ See separate instructions. 1997
Ir- l.ern it l R t::v enut: Servlct ~ Attach to the corporation's tax return.
EmployCf" identihc..aIIOfl numuer
fRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
Note: In most cases, the corporation does not need to file Form 2220. (See Part I below for exceptions.) The IRS will figure any penalty owed an d bill the
corporation. If the corporation does not need to file Form 2220, it may still use it to figure the penalty. Enter the amount from Ime 32 on the estimated lax
penalty line of the corporation:s income tax return, but do not attach Form 2220.
Reasons For Filing - Check the boxes below that apply to the corporation. If any box is checked or the Note below applies, the corporalion must
'----'--- fi le Form 2220 with the corporation's lax return, even if it does not owe the penalty. If the box on line 1 or line 2 applies, the corpora tion may be
able to lower or eliminate the penalty. See page 1 of the instructions.
o The corporation is using the annualized income installment method.
2 0 The corporation is using the adjusted seasonal installment method.
3 0 The corporalion is a "large corporation" figuring its first required installment based on the prior year's tax.
Note: The corporation must also file Form 2220 if it is claiming a waiver of the penalty. See Waiver of penalty on page 2 of the instructions .
Partlli Figuring the Underpayment
4 Total tax . (Caution: See page 2 of the instructions, which includes a special rule if claiming the research credit) .. ... . . . .. .. 4 3,207
5a Personal holding company tax included on line 4 (Schedule PH (Form 1120), line 26) .......... . 5a
b Interest due under the look-back method of section 460(b)(2) for completed long-term
contracts included on line 4 .......... ......... .... . ..... .. .... ...... .... ... ... . . . . 5b
c Credit for Federal tax paid on fuels (see page 2 of the instructions) .... ....... ........ . .. ... 5c
f-
d Total. Add lines Sa through 5c ..... ..... . . . ................ . . .......... ... . ..... ........ . . .... .. ......... 5d
6 Subtract line 5d from line 4. If the result is less than $500, do not complete or file this form.
The corporation does not owe the penalty ... . . ... . ... ............. . ..... ......... ......... ....... ... .. . ... . 6 3,207
7 Enter the tax shown on the corporation's 1996 income tax return. (CAUTION: See page 2 of the instructions before
. completing this line.) ......... . .. .. .................................................. . ............... . . 7
8 Enter the smaller of line 6 or line 7. If th e corporation must skip line 7, enter the amount from line 6 on line 8 .... . . . ....... . 8 3, 207
(a) (b) (c) (d)
9 Installment due dates. Enter in columns (a) through
(d) the 15th day of the 4th (5th month of a private
foundation's tax year that begins after August 5, 1997),
6th, 9th, & 12th months of the corporation's ta x year. ~ 9 3/16/98 5/15/98 6/15/98
10 Required installments. If the box on line 1 and/or
line 2 above is checked, enter the amounts from "
Schedule A, line 41. If the box on line 3 (but not 1 or
2) is checked, see page 2 of the instructions for the
amounts to enter. If none of these boxes are checked, ~
enter 25% of line 8 above in each column ....... . . . 10 1,069 1,069 1,069
11 Estimated tax paid or credited for each period (see
page 2 of the instructions). For column (a) only, enter
the amount from line lIon line 15 . . . . . . . . . . . . . . . 11
Complete lines 12 through 18 of one column before
going to the next column .
12 Enter amount, if an y, from line 18 ot the pre ceding col. 12
I-
13 Add lines 11 and 12........................... 13 .
I-
14 Add amounts on lines 16 and 17 of the pre cedi ng col. . 14 1, 069 2, 138
15 Subtract line 14 from line 13. If zero or less, enter -0 15 0 0 0
16 If the amount on line 15 is zero , subtract line 13 from
line 14. Otherwise, enter -0- ................ .. .. 16 1, 069 2, 138
17 Underpayment. If line 15 is less than or equal to line
10, subtract line 15 from line 10. Then go to line 12 of
- the next column (see page 2 of the instructions) .
Jtherwise, go to line 18 .... . . . .. . .......... .. .. 17 1,069 1,069 1,069
18 Overpayment. If line 10 is less than line 15, subt. line
10 from line 15. Then go to line 12 of the next column 18
Complete Part III on page 2 to figure the penalty. If there are no entries on line 17, no penalty IS owed.
"FA For Paperwork Reduction Act Notice, see page 4 of the instructions. Form 2220 (1997)
Form 2220 (1997) TRANSPARENT TL A{NOLOGY SERVICES, INC 6::' J824972 Page 2
I Part III I Figuring the Penalty
(a) (b) (c) (d)
- Enter the date of payment or the 15th day of the 3rd
'llonth after the close of the tax year, whichever is
earlier (see page 3 of the instr). (Form 990-PF and
Form 990-T filers: Use 5th month instead of 3rd month.) 19 9/15/98 9/15/98 9/15/98
20 Number 01 days from due date of installment on line 9
to the date shown on line 19 . ... . .. ... . ..... . . . . . 20 183 123 92
21 No. of days on line 20 after 4/15/97 and before 4/1/98. 21 15
22 Underpayment on line 17 x No. of days on line 21 x 9% . 22 s 3.95 $ $ s
365
23 No. 01 days on line 20 after 3/31/98 and belore 7/1/98. 23 91 46 15
24 Underpayment on line 17 xNo. of days on line 23 x "% . 24 s 21.32 $ 10.78 $ 3.51 s
365
25 No. of days on line 20 after 6/30/98 and before 10/1198. 25 77 77 77
26 Underpayment on line 17 x No . 01 days on line 25 x "% . 26 S 18.04 s 18.04 $ 18 .04 s
365
27 No. of days on line 20 after 9/30/98 and before 1/1199. 27
28 Underpayment on line 17 xNo. of days on line 27 x "% . 28 $ $ $ $
365
29 No. of days on line 20 after 12/31/98 and belore 2/16/99 29
30
.:.
- Underpayment on line 17 x No . of days on line 29 x "% . 29
365
,dd lines 22, 24 , 26, 28, and 30 .... . ....... . . . ... 30
$
$ 43.31 s
$
28.82 s
$
21.55 s
$
32 Penalty . Add columns (a) through (d) , of line 31. Enter the total here and on Form 1120, line 33; Form 1120-A, line 29;
or the comparable line for other income tax returns ... ... ............... .. . . . ...... .. .. . ..... ............. . . . .. 32 $ 94
• F or underpayments paid after March 31, 1998, see Lines 24, 26, 28, and 30 on page 3 of the instructions.
OMU N o. 15. ~ -OI7 ;:
- Depreciation and Amortiza n
Form 4562 1997
(Including Information on Listed Property)
A tta c hment
Oeparlment 01 the Tre asury
~ See separate instruclions. ~ Attach this lorm to your return. S ~ Quen c e N o. 67
Int ernal Re venue Service (99)
1l1cnlltymg number
Name(s) shown on re lur n
~ RANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
JUSlnes s or actlllily 10 which thI S form relate s
FORM 1120
1
Part I 1
Election To Expense Certain Tangible Property (Section 179) (Note: \I you have any "listed property," comp lete Pari V Def or e you com;:> lelc Part I.)
1 Maximum dollar limitation . If an enterprise zone business, see page 2 of the instructions ...... ....... "., . ...... 1 $18, 000
2 Total cost of section 179 property placed in service. See page 2 of the instructions .... ..... . .. ..... , .. . .. .....
2
3 Threshold cost of section 179 property before reduction in limitation . . " ...
....... .......... .. .. . . . .. .. . . . '
3 $200, 000
4 Reduction in limitation. Subtract line 3 from line ? If zero or less, enter -0- .............. ... ..... . ... .. . .. . ..
4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0- . If married filing separately,
see page 2 of the instructions ......... . .. ... . ............ .. .... .... .. ........ .... ... ... . . . . ..... .
, 5
6 (a) DeSCription of property (h) CoSI (ou slne ss use only) te) E leCle d cost
7 Listed property. Enter amount from line 27 ....... . ... .......... ............ · .... ...1 T
7
8 Total elected cost 01 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 1996. See page 3 of the instructions ..... ..... . . .. .......... ... ..... 10
11 .. . . .
Business income limitation. Enter the smaller of business income (not less than zero) or li ne 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 1998. Add lines 9 and 10, less line 12 . .... ........ ~ r 131
Note : Do not use Part II or Part III below for listed property (automobiles, certain other vehicles, cellular telephones, certain computers, or pr operty used for
entertainment, recreation, or amusement). Instead, use Part V for listed property.
\. piut II I MACRS Depreciation For Assets Placed in Service ONLY During Your 1997 Tax Year (Do Not Include Listed Property.)
Section A - General Asset Account Election
If yo u are making the election under sec tion 168(i)(4) to group any assets placed in service during the tax year into one or mor e
general asset accounts, check thi s box. See page 3 of the instructions ..... ......... .. . ............... . . . ........ ..... ... .
Section B - General Depreciation System (GDS) (See page 3 of the instructions)
(h) M o nth and (c) BaSIS l or depre c ia.t lon
(d) Recovery (e)
(a) ClassifIcatIon 0 1 pr operl y year placed In (bu slness/lnve s tmenl u se (I) Melhod (9) Depre e ,allon deduc tIon
period Conv ention
service only - see Instruc ti ons)
15a 3-year property
b 5-year property 16,240 5 BY 200DB 1,895
c 7-year property
d 10-year property
e 15-year property
1 20-year pr operty
9 25-year property 25 yrs S/L
27.5 yrs MM S/L
h Res idential rental property
27.5 yrs MM S/L
39 yrs MM S/L
i Nonresidential real property
MM S/L
Section C - Alternative Depreciation System (ADS)' (See page 6 of the instructions)
16a Class life S/L
b 12-year 12 yrs S/L
c 40-year 40 yrs MM S/L
1 Part III <I Other Depreciation (Do Not Include Listed Property.) (See page 6 of the instructions.)
17 GDS and ADS deductions for assets placed in service in tax years beginning before 1997 .. ...... ... ... .. . .... 17
18 Property subject to section 168(1)( 1) election ....... .. ........ . ...... ...... ...... ..... .. . . . . ..... . ... 18
19 ACRS and other depreciation .. .. ................... .. . ......... . .. ..... . ... . ... ... , .. . ......... 19
,...LPartiV I Summary (See page 7 of the ins tructions .)
Listed property. Enter amount from line 26 . . .. . . .. . . ....... . , ... .. ............ .... .......... . ...... 20
21 Total. Add deductions on line 12, lines 15 and 16 in column (g), and lines 17 through 20. Enter here and on the
appropriate lines of your return. Partnerships & S corporations - see instructions ....... . . .. ... .............. 21 1, 895
22 For assets shown above and placed in service during the current year, enter the portion
of the basis attributable to section 263A costs ....... . ............... . ............ 22 I
KFA For Paperwork ReductIOn Act Notice, see 01 the separate Instructions. Form 4562 (1997)
· 1997 FEDERAL STATEMENTS PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
STATEMENT 1
FORM 1120, LINE 26
OTHER DEDUCTIONS
EMPLOYEE LEAS ING EXPENSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17, 929
MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 433
TOTAL $ 18,362
=========== =
STATEMENT 2
FORM 1120, LINE 29A
NET OPERATING LOSS DEDUCTION
CARRYBACK GENERATED FROM YEAR END 6/30/99 $ 6,142
TOTAL UTILIZATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ o
AVAILABLE FOR CARRYBACK TO 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,142
TOTAL NET OPERATING LOSS DEDUCTION . . . . . . . . . . . . . . . . . . . . . . . . . $ 6 ,142
STATEMENT 3
FORM 1120
ADDITIONAL CHARGES
INTEREST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 579
LATE FILING OF RETURN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 722
LATE PAYMENT OF TAX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337
TOTAL $ 1, 638
STATEMENT 4
FORM 1120, SCHEDULE J, LINE 3
COMPUTATION OF CONTROLLED GROUP TAX
1. TAXABLE INCOME (L INE 30, PAGE I, FORM 1120) ............. $ 12, 826
2. SHARE OF $50,000 TAX BRACKET . . . . . . . . . . . . . . . . . . . . . . . . . . . . o
3. SUBTRACT LINE 2 FROM LINE 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12, 826
4. LESSER OF LINE 3 OR SHARE OF $25,000 TAX BRACKET ....... . 12,8 26
_ 5. SUBTRACT LINE 4 FROM LINE 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o
6. LE SS ER OF LINE 5 OR SHARE OF $9,925,000 TAX BRACKET .... . o
7. SUBTRACT LINE 6 FROM LINE 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o
8. MULTIPLY LINE 2 BY 15% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o
9. MULTIPLY LINE 4 BY 25% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,207
~------------------------~~-------------------------"'~-----------------------,
'"'
1997 FEDERAL STATEMENTS PAGE 2
TRANSPARENT TECHNOLOGY SERVICES , INC 65-0824972
STATEMENT 4 (CONTINUED)
FORM 1120, SCHEDULE J, LINE 3
COMPUTATION OF CONTROLLED GROUP TAX
10. MULTIPLY LINE 6 BY 3 4 % . . . . . . . . . . . . . . . . . . . . . . . . . . ... .... . o
11 . MULTIPLY LINE 7 BY 3 5 % . .. . ... .. ... ....... . . . . . . . . . . .... . o
12 . ADDITIONAL 5 % TAX NOT TO EXCEED $11,750 . . . . . . . . . ... ... . . o
13. ADDITI ONAL 3% TAX NOT TO EXC EED $100 , 000 . . . . . . . . . . . . .. . . o
1 4. ADD LINES 8 THROUGH 1 3 . SCHEDULE J, LINE 3 .... . .... . .. . 3 ,2 07
STATEMENT 5
FORM 1120, SCHEDULE K, LINE 5
50% OR MORE OWNERS
NAME : THOMAS RIETWYK
ID NUMBER : 072-38-4286
PERCENTAGE OWNED: 1 00%
STATEMENT 6
FORM 1120, SCHEDULE L, LINE 6
OTHER CURRENT ASSETS
BEGINNING ENDING
STO CK SUBSCRI PTI ON RECEIVABLE . . . . . . . . . . . . . . . . . . $
o $ 500
TOTAL $ o $ 500
============ ==== ===== ===
STATEMENT 7
FORM 1120, SCHEDULE L, LINE 18
OTHER CURRENT LIABILITIES
BEGINNING ENDING
DUE TO TRANSPARENT TECHNOLOGY, INC ... ... . .. .. .. $ o $ 3 9,602
TOTAL $ o $ 39,602
============ ============
1997 ~
-JPPLEMENTAL INFORMATL""'" .~ PAGE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
FORM 1120, SCHEDULE J, LINE 2A
APPORTIONMENT OF TAXABLE INCOME BRACKET
GATOR GUNS AND PAWN, INC. EIN#65-0026582 UTILIZED THE FOLLOWING
PORTION OF THE TAX BRACKETS:
> $50,000 OF THE FIRST TAXABLE INCOME BRACKET
> $8,040 OF THE SECOND ~AXABLE INCOME BRACKET
6/30/98 ) 1997 FEDERAL DEP~. _t IATION SCHEDULE ~~bE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
CURREN T PRIOR PRIOR
DATE DATE COST/ BUS. 179/ 179/ DEC. BAL. BASIS SALVAGE DEPR. PRIOR CURR ENT
NO. DESC RIP TION ACQU IRED SOLD BASIS PCT. BONUS BONUS DEPR. REDUCTN VALUE BASIS DEPR_ METHOD LI FE RATE DEPR.
_. - - - - - - - - -- - - --- -. - - - - -- _ .. . - - -. - - - - - - -- _ .. - _. - - - . - - -.- - -- - .. - - -'- - --- -. - _. - - - - - ---- - - --- - - - - - - - - -_.
FORM 1120
1 VAN 12 /30/97 16,240 16,240 200DB HY 5 .20000 1,895
GRAND TOTAL DEPRECIATION 16,240 o o o o o 16,240 o 1,89)
=========
)
6/30/98
)
1997 FEDERAL ALTERNATIVE MINIIV....,M TAX DEPRECIATION SCHEDULE ~~J3.E 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
DATE DATE AMT AMT PRIOR AMT AMT AMT AMT REG. OI.'NR. POST-86 REAL PROP LEAS PERS
NO. DESCRIPTION ACQUIRED SOLD BASIS DEPR. MET HOD LI FE RATE DEPR. DEPR . peT. DEPR ADJ. PREF. PROP PREF
FORM 1120
1 VAN 12/30/ 97 16,240 150DB HY 5 .15000 1,421 1,895 474
GRAND TOTAL DEPRECIATION 16,240 o 1,421 1,895 474 o o
========= ========= =========
6/30/98 ') 1997 FEDERAL ADJUSTED CURRENT L_ .RNINGS DEPRECIATION SCHEDULE ~)GE 1
TRANSPARENT TECHNOLOGY SERVICES, INC 65-0824972
DATE DATE ACE ACE PRIOR ACE ACE ACE ACE POST 1993 POST 1989 PRE 1990 PRE 1990 SECT. 168 OTHER
NO. DESCRIPTION ACQUIRED SOLD BASIS DEPR. METHOD LI FE RATE DEPR. PROPERTY PRE 1994 MACRS PRP ACRS PRP. PROPERTY PROPERTY
FORM 1120
VAN 12/30/ 97 16,240 1,421 1,421
GRAND TOTAL DEPRECIATION 16,240 o 1,421 1,421 o o o o J
=:=====:= ========= ========= ========= ========= =====~=== ========= ========= ========
Transparent Technology Services Corporation
631 U.S. Highway I, Suite 312
North Palm Beach, FL 33408
(V) 561-844-9222
(F) 561-844-7706
October 11, 2001
Florida Public Service Commission
Division of Records and Reporting
2540 Shumard Oak Blvd.
Tallahassee, FL 32399-08550
Reference: Explanation of Sufficient Financial Capability
To Whom It May Concern:
The financial statements for Transparent Technology Services Corporation's most recent
year end, 6/30/0 1, and the tax returns since this entity's inception have been submitted
with this application.
Should you decide that the above referenced information does not provide the sufficient
financial capability to maintain the requested service, meet our lease or ownership
obligations, and provide the requested service in the geographic area proposed; I would
be willing to arrange for my personal guarantee of same.
As the owner of Transparent Technology, Inc., Transparent Technology Services Corp.,
S&R Development Association, and Gemini Property Management, my total net worth as
of September 2001 is approximately $13,000,000.00. I would guarantee financial
stability to Transparent Technology Services Corp., with the infusion of any necessary
funds from one of my other endeavors.
:cl
