U.S. Income Tax Return OMB No.

1545-0123
Form 1120-H for Homeowners Associations
Department of the Treasury
Internal Revenue Service G Information about Form 1120-H and its separate instructions is at www.irs.gov/form1120h. 2016
For calendar year 2016 or tax year beginning , 2016, and ending ,
Employer identification number

73-1075672
TYPE Date association formed
OR TARA CONDOMINIUM OWNERS ASSOCIATION INC.
PRINT 6101 N BROOKLINE # 63
OKLAHOMA CITY, OK 73112
10/23/1978
Check if: (1) Final return (2) X Name change (3) X Address change (4) Amended return
A Check type of homeowners association: X Condominium management association Residential real estate association Timeshare association
B Total exempt function income. Must meet 60% gross income test. See instructions . . . . . . . . . . . . . . . . . . . . . . . . B 97,633.
C Total expenditures made for purposes described in 90% expenditure test. See instructions . . . . . . . . . . . . . . . . . C 76,883.
D Association's total expenditures for the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D 76,883.
E Tax-exempt interest received or accrued during the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E
Gross Income (excluding exempt function income)
1 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Taxable interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 332.
3 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Other income (excluding exempt function income) (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Gross income (excluding exempt function income). Add lines 1 through 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 332.
Deductions (directly connected to the production of gross income, excluding exempt function income)
9 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Depreciation (attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Total deductions. Add lines 9 through 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 0.
17 Taxable income before specific deduction of $100. Subtract line 16 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 332.
18 Specific deduction of $100. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 $100.
Tax and Payments
19 Taxable income. Subtract line 18 from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 232.
20 Enter 30% (0.30) of line 19. (Timeshare associations, enter 32% (0.32) of line 19.). . . . . . . . . . . . . . . . . . . . . . . . . 20 70.
21 Tax credits (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Total tax. Subtract line 21 from line 20. See instructions for recapture of certain credits . . . . . . . . . . . . . . . . . . . . 22 70.
23 a 2015 overpayment credited to 2016. . . 23 a
b 2016 estimated tax payments. . . . . . . . 23 b c Total G 23 c 0.
d Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 d
e Credit for tax paid on undistributed capital gains (attach Form 2439) . . . . . . . . . . . . . . . . . . . . . 23 e
f Credit for federal tax paid on fuels (attach Form 4136). . . . . . . . . . . . . . . . . . . . . 23 f
g Add lines 23c through 23f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 g 0.
24 Amount owed. Subtract line 23g from line 22. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 70.
25 Overpayment. Subtract line 22 from line 23g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26 Enter amount of line 25 you want: Credited to 2017 estimated tax G Refunded G 26
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
Here A Signature of officer Date
A Director
Title
May the IRS discuss this return
with the preparer shown below?
See instrs.
X Yes No

Print/Type preparer's name Preparer's signature Date PTIN

Check if
Paid PAUL BROWN PAUL BROWN self-employed P01265303
Preparer Firm's name G Paul G. Brown, PC Firm's EIN G 73-1283950
Use Only Firm's address G 4513 North Classen Blvd

Oklahoma City, OK 73118 Phone no. (405) 840-4592

BAA For Paperwork Reduction Act Notice, see separate instructions. CPCA3002L 10/03/16 Form 1120-H (2016)
 OMB No. 1545-0172
Depreciation and Amortization
Form 4562 (Including Information on Listed Property)
G Attach to your tax return. 2016
Department of the Treasury Attachment
Internal Revenue Service (99) G Information about Form 4562 and its separate instructions is atwww.irs.gov/form4562. Sequence No. 179
Name(s) shown on return Identifying number

TARA CONDOMINIUM OWNERS ASSOCIATION INC. 73-1075672

Business or activity to which this form relates

Form 1120
Part I Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
1 Maximum amount (see instructions) ................................................................... 1
2 Total cost of section 179 property placed in service (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Threshold cost of section 179 property before reduction in limitation (see instructions). . . . . . . . . . . . . . . . . . . . . . . 3
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 filing
separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 (a) Description of property (b) Cost (business use only) (c) Elected cost

7 Listed property. Enter the amount from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Carryover of disallowed deduction from line 13 of your 2015 Form 4562. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instrs). . . . 11
12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 . . . . . . . . . . . . . . . . . . . . . . 12
13 Carryover of disallowed deduction to 2017. Add lines 9 and 10, less line 12 . . . . . . . . . G 13
Note: Don't use Part II or Part III below for listed property. Instead, use Part V.
Part II Special Depreciation Allowance and Other Depreciation (Don't include listed property.) (See instructions.)
14 Special depreciation allowance for qualified property (other than listed property) placed in service during the
tax year (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Property subject to section 168(f)(1) election. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Part III MACRS Depreciation (Don't include listed property.) (See instructions.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2016 ......................... 17 1,334.
18 If you are electing to group any assets placed in service during the tax year into one or more general
asset accounts, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G
Section B ' Assets Placed in Service During 2016 Tax Year Using the General Depreciation System
(a) (b) Month and (c) Basis for depreciation (d) (e) (f) (g) Depreciation
Classification of property year placed (business/investment use Recovery period Convention Method deduction
in service only ' see instructions)

19 a 3-year property . . . . . . . . . .
b 5-year property . . . . . . . . . .
c 7-year property . . . . . . . . . .
d 10-year property. . . . . . . . .
e 15-year property. . . . . . . . .
f 20-year property. . . . . . . . .
g 25-year property. . . . . . . . . 25 yrs S/L
h Residential rental 27.5 yrs MM S/L
property . . . . . . . . . . . . . . . . 27.5 yrs MM S/L
i Nonresidential real 39 yrs MM S/L
property . . . . . . . . . . . . . . . . MM S/L
Section C ' Assets Placed in Service During 2016 Tax Year Using the Alternative Depreciation System
20 a Class life. . . . . . . . . . . . . . . . S/L
b 12-year . . . . . . . . . . . . . . . . . 12 yrs S/L
c 40-year . . . . . . . . . . . . . . . . . 40 yrs MM S/L
Part IV Summary (See instructions.)
21 Listed property. Enter amount from line 28 ........................................................... 21
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on
the appropriate lines of your return. Partnerships and S corporations ' see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 1,334.
23 For assets shown above and placed in service during the current year, enter
the portion of the basis attributable to section 263A costs . . . . . . . . . . . . . . . . . . . . . . . 23
BAA For Paperwork Reduction Act Notice, see separate instructions. FDIZ0812L 01/24/17 Form 4562 (2016)
CLIENT TARA

PAUL G. BROWN, PC
4513 NORTH CLASSEN BLVD
OKLAHOMA CITY, OK 73118
(405) 840-4592

February 10, 2017

TARA CONDOMINIUM OWNERS ASSOCIATION INC.

6101 N BROOKLINE # 63
OKLAHOMA CITY, OK 73112

Dear Client:

Enclosed is your 2016 Federal Income Tax Return for Homeowners Associations. The original
should be signed at the bottom of page one. There is a balance of $70 payable by April 18, 2017.
Mail the Federal return on or before April 18, 2017 to:

DEPARTMENT OF THE TREASURY

INTERNAL REVENUE SERVICE CENTER
OGDEN, UT 84201-0012

All payments due must be electronically deposited through the Electronic Federal Tax Payment
System (EFTPS). For EFTPS deposits to be made on time, the transaction must be initiated at
least one business day before the date the deposit is due.

Enclosed is your 2016 Oklahoma Corporation Income and Franchise Tax Return. The original
should be signed at the bottom of page two. No tax is payable with the filing of this return. Mail
the Oklahoma return on or before May 15, 2017 to:

OKLAHOMA TAX COMMISSION

INCOME TAX
P.O. BOX 26800
OKLAHOMA CITY, OK 73126-0800

Please be sure to call if you have any questions.

Sincerely,

PAUL BROWN
 Form 512
CORPORATION INCOME AND FRANCHISE TAX RETURN 2016
State of Oklahoma AMENDED
RETURN!
If this is a final return, place an 'X' here: If this is an
Amended Return
For the year January 1 ' December 31, 2016, or other taxable year place an
'X' here
beginning: ending:
, 2016 ,
R
See Sch. 512-X
on page 10.

Name of Corporation:
TARA CONDOMINIUM OWNERS ASSOCIATION INC.
Street Address:
6101 N BROOKLINE # 63
City, State or Province, Country and ZIP or Foreign Postal Code:
OKLAHOMA CITY OK 73112
State of Incorp Extension Type of Return Filed
A Federal Employer
Identification Number 73-1075672 If you have applied for an extension Separate Consolidated
X from the IRS, place an 'X' here and Oklahoma X or R (see
provide a copy. instrs)
B Business Code Number 531390 Okla Other R Federal X or R

R Notice: Corporations that filed a Form 200-F electing to file a combined corporate income and franchise tax
return should:
? Complete Sections One, Two and Three on pages 1 and 2.
? Complete the applicable income tax schedules on pages 3-5.
? Complete the applicable franchise tax schedules on pages 6-9.
Corporations filing a stand-alone Oklahoma Annual Franchise Tax Return (Form 200) or who are not required to file
a franchise tax return should:
? Complete Sections One and Three on pages 1 and 2.
? Complete the applicable income tax schedules on pages 3, 4 and 5.
? NOT complete the franchise tax portion of the return.

R Notice: Enter the amount of Oklahoma net operating loss as shown

VARIOUS $ 332 .00
on Part 1, line 29(a) or Part 2, line 6(d) . . . . . . . . . . . . . . . .Loss
. . . . .year(s):
...... ...

SECTION ONE: INCOME TAX

1 Oklahoma taxable income (as shown on Part 1 or 2, or if consolidated, from Form 512-TI) ................. 1 -100. 00
2 Tax: 6% of line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0. 00
3 Less: Other Credits Form (total from Form 511CR) (see instructions). . . . . . . . . . . . . . . . . . . . . . . . .. 3 00
4 Balance of tax due (line 2 minus line 3, but not less than zero). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0. 00
5 2016 Oklahoma estimated tax payments (i.e. Form(s) OW-8-ESC) . . . . . . . . . . . . . 5 00
6 Amount paid with extension request . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 00
7 Oklahoma withholding (provide Form 1099, 500-A or other withholding statement) .......... 7 00
8 Refundable Credits from Form . . . . . . . . . . . . . . . . a) 577 . . . . . b) 578. . . 8 00
9 Amount paid with original return and amount paid after it was filed ............

(amended return only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 00

10 Any refunds or overpayment applied (amended return only) . . . . . . . . . . . . . . . . . . . 10 ( ) 00
11 Total of lines 5 through 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 0. 00
12 Overpayment (line 11 minus line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Overpayment R 12 00

13 Tax Due (line 4 minus line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IncomeTax Due R 13 0. 00

14 Underpayment of estimated tax interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annualized 14 00

15 For delinquent payment add penalty of 5%. . . . . . . . . . . . . . . . . . $ plus
interest of 1.25% per month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ...... 15
00
16 Total tax, penalty and interest
(add lines 13 - 15). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IncomeTax Balance Due R 16 00
OKCA0112L 11/01/16
2016 Form 512 ' Page 2 CORPORATION INCOME AND FRANCHISETAX

Name(s) shown Federal Employer

on Form 512: TARA CONDOMINIUM OWNERS ASSOCIATION INC. Identification Number: 73-1075672
Place an 'X' here if filing a combined corporate income and franchise tax return
SECTION TWO: FRANCHISE TAX and complete Section Two. Corporations filing a Form 200 will skip Section Two
and complete Section Three.
To complete lines 17 - 25, use the figures from page 6, lines 12-19 or, if consolidated, use Form 512-FT..

17 Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 00
18 Registered Agents Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 00
19 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 00
20 Penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 00
21 Reinstatement Fee ................................................................................ 21 00
22 Previous Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 ( ) 00
23 Overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Franchise Tax Overpayment R 23 00
24 Total Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Franchise Tax Balance R 24 00

SECTION THREE: TOTAL

All corporations complete Section Three. Combine Income Tax and Franchise Tax. If there is a net balance due, complete line 25. If there
is a net overpayment, complete lines 26-30.

Balance Due

25 Total Balance Due. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Due R 25 00

Overpayment

26 Total Overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 00
27 Amount of line 26 to be credited to 2017 estimated income tax
(original return only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 00

Line 28 provides you the opportunity to make a financial gift from your refund to a variety of Oklahoma
organizations. Place the line number of the organization from the line 28 instructions in the box below
and enter the amount you are donating. If giving to more than one organization, put a '99' in the box
and provide a schedule showing how you would like your donation split.

28 Donations from your refund. . . . . . $2 $5 $ 28 00

29 Total (add lines 27 and 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 00

30 Amount of line 26 to be refunded to you (line 26 minus line 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . Refund R 30 00
Direct Deposit Note:
O Is this refund going to or through an account that is located outside of the United States? Yes No
All refunds must be by direct Deposit my refund in my: checking account savings account
deposit. See Direct Deposit
Information in the instructions of Routing Account
the 512 Packet for details. Number: Number:

If the Oklahoma Tax Commission may discuss this return with your tax preparer, place an 'X' here: X
Under penalties of perjury, I declare I have examined this return, including any accompanying schedules and statements, and to the best of my knowledge and belief, Make check payable to the
it is true, correct and complete. If prepared by person other than the taxpayer, this declaration is based on all information of which preparer has any knowledge.
Oklahoma Tax Commission
Signature of Officer Date Signature of Preparer Date

PAUL BROWN
Corporate Name of Officer Name of Preparer
Seal
TOM ROE PAUL BROWN
Title Phone Number Phone Number Preparer's PTIN

Director (405) 840-4592 P01265303

4513 North Classen Blvd Oklahoma City, OK 73118
Provide a copy of Federal return - Remit to Oklahoma Tax Commission - Post Office Box 26800 - Oklahoma City, OK 73126-0800
OKCA0112L 11/01/16
2016 Form 512 ' Page 3 CORPORATION INCOME TAX
Part 1, Column B is for corporations whose income is all within Oklahoma and/or for corporations whose income
PART 1 is partly within and partly without Oklahoma (not unitary). Provide a complete copy of your Federal return.

Important: All applicable lines and schedules must be filled in. Column A Column B
As reported on Total applicable
Gross Income (lines 1 through 11) Federal Return to Oklahoma

1 Gross receipts or gross sales (less: returns and allowances). . . . . . 1

2 Less: Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Gross profit (line 1 minus line 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Interest on obligations of the United States and U.S. Instrumentalities . . . . . . . . . . . . . . . . . 5
6 a Other interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 332. 6a 332.
b Municipal interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b
7 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 a Net capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
b Ordinary gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b
10 Other income (provide schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total income (add lines 3 through 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 332. 11 332.
Deductions (lines 12 through 27)

12 Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Repairs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Charitable Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21 Depletion (see instructions below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Pension, profit-sharing plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26 Other deductions (provide schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Total Deductions (add lines 12 through 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Totals (lines 28 through 30)

28 Taxable income before net operating loss deductions and special deductions .......... 332. 28 332.
29 Less: a Net operating loss deduction (schedule) See Statement 1
................................. 0. 29a 332.
b Special deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100. 29b 100.
30 Taxable income (line 28 minus lines 29a & b). Enter Column B on page 1, line 1 . . . . . . . 232. 30 -100.
Note: Indicate method used to allocate expenses to Oklahoma and provide schedule of computations.

OKLAHOMA DEPLETION IN LIEU OF FEDERAL DEPLETION ' Oklahoma depletion on oil and gas may be computed at 22% of gross income
derived from each Oklahoma property during the taxable year. Major oil companies, as defined in 52 Oklahoma Statutes Section 288.2, when computing Oklahoma depletion
shall be limited to 50% of the net income (computed without the allowance for depletion) from each property. Depletion schedule by property must be provided with return.
Note: General and administrative expense (computed on basis of Oklahoma direct expense to total direct expense) must be deducted before applying the 50% test.

ADDITIONAL INFORMATION
Location of Principal Accounting Records
6101 N BROOKLINE # 63, OKLAHOMA CITY, OK 73112
Address City State Zip
Has the Internal Revenue Service redetermined your tax liability for prior years? Yes X No What years?
Did you file amended returns for the years stated above? Yes No X N/A
Has the statute of limitations been extended by consent for any prior years? Yes X No What years?
Business name TARA CONDOMINIUM OWNERS ASSOCIATION INC. Date business began in Oklahoma 8/01/1978
Principal location(s) in Oklahoma 6101 N BROOKLINE # 63, OKLAHOMA CITY, OK 73112
Give name, address and relationship of all affiliated corporations ' provide Federal Form 851

OKCA0112L 11/01/16
2016 Form 512 ' Page 5 CORPORATION INCOME TAX

PART 3 BALANCE SHEETS BEGINNING OF TAXABLE YEAR END OF TAXABLE YEAR

(A) Amount (B) Total (C) Amount (D) Total
1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4,616. 4,626.
2 Trade notes and accounts receivable. . 2
a Less allowance for bad debts. . . . . . 2a
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Government obligations: 4
a U.S. and instrumentalities. . . . . . . . . 4 a
b State, subdivision, thereof, etc . . . . 4b
5 Other current assets (provide schedule). . . . . . . . 5
6 Loans to shareholders. . . . . . . . . . . . . . . 6
7 Mortgage and real estate loans. . . . . . . 7
8 Other investments (provide schedule) . . . . . . . . 8
9 Buildings and other fixed depreciable assets . . . 9 36,680. 36,680.
a Less accumulated depreciation . . . . 9a 5,280. 31,400. 6,614. 30,066.
10 Depletable assets . . . . . . . . . . . . . . . . . . . 10
a Less accumulated depletion . . . . . . 10a
11 Land (net of any amortization). . . . . . . 11
12 Intangible assets (amortization only) .. 12
a Less accumulated amortization . . . 12a
13 Other assets (provide schedule) . . . . . . . . . . . . 13
14 Total assets. . . . . . . . . . . . . . . . . . . . . . . 14 36,016. 34,692.
15 Accounts payable. . . . . . . . . . . . . . . . . . 15
16 Mortgages-notes-bonds payable in less than 1 yr 16
17 Other current liabilities (provide schedule). . . . . 17
18 Loans from shareholders . . . . . . . . . . . . 18
19 Mtgs-notes-bonds payable in 1 year or more . . . 19
20 Other liabilities (provide schedule) . . . . . . . . . . 20
21 Capital stock: a preferred stock. . . . . 21a
b common stock . . . . . 21b
22 Paid-in capital surplus (provide reconciliation) . . 22 1,304. 1,314.
23 Retained earnings ' appropriated (provide sch.). 23
24 Retained earnings ' unappropriated. 24 34,712. 55,794.
25 Adjustments to shareholder's equity (provide sch.) 25
26 Less cost of treasury stock . . . . . . . . . . 26 ( ) ( )
27 Total liabilities and shareholders' equity ..... 27 36,016. 57,108.
SCHEDULE OK M-1: RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN
1 Net income (loss) per books . . . . . . . . . 1 21,082. 7 Income recorded on books this year not
included in this return (provide schedule)
2 Federal income tax . . . . . . . . . . . . . . . . . 2
a Tax exempt interest $
3 Excess of capital losses over capital gains . . . . . 3
b Other Stmt 3 $ 97,633.
4 Taxable income not recorded on books this year c Total of lines 7a and 7b. . . . . . . . . . . . . 7 c 97,633.
(provide schedule). . . . . . . . . . . . . . . . . . . . . . 4
8 Deductions in this tax return not charged against
5 Expenses recorded on books this year not book income this year (provide schedule)
deducted in this return (provide schedule)
a Depreciation $
a Depreciation $
b Depletion $ b Depletion $
c Other Stmt 2 76,883. c Other
d Total of lines 8a, 8b and 8c . . . . . . . . . 8d
d Total of lines 5a, 5b and 5c . . . . . . 5 d 76,883. 9 Total of lines 7c and 8d. . . . . . . . . . . . . . . . 9 97,633.
6 Total of lines 1 through 4 and 5d . . . . . 6 97,965. 10 Net income: line 6 less line 9. . . . . . . . . . . 10 332.
SCHEDULE OK M-2: ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS (line 24 above)
1 Balance at beginning of year. . . . . . . . . 1 34,712. 5 Distributions:a Cash. . . . . . . . . . . . . . . . 5a
2 Net income (loss) per books . . . . . . . . . 2 21,082. b Stock . . . . . . . . . . . . . . . 5b
3 Other increases (provide schedule) c Property. . . . . . . . . . . . . 5c
6 Other decreases (provide schedule)
3 6
4 Total of lines 1, 2 and 3 . . . . . . . . . . . . . 4 55,794. 7 Total of lines 5 and 6. . . . . . . . . . . . . . . . . . 7
OKCA0134L 11/01/16 8 Balance at end of year (line 4 less line 7) . . . . . . . 8 55,794.
2016 Oklahoma Statements Page 1
Client TARA TARA CONDOMINIUM OWNERS ASSOCIATION INC. 73-1075672
2/10/17 05:42PM

Statement 1
Form 512, Part 1, Line 29(a)
Net Operating Loss Deduction

Carryover Generated From Year End 12/31/10 $ 65,450.

Amount Utilized in 2011 64,685.
Amount Utilized in 2014 274.
Amount Utilized in 2015 185.
Total Utilization $ 65,144.
Available for Carryover to 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 306.

Carryover Generated From Year End 12/31/12 $ 14,768.

Available for Carryover to 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,768.
Net Operating Losses Available in 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15,074.
Taxable Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 332.
Total Net Operating Loss Deduction (Limited to Taxable Income). . . . . . . . . . . . . . . . 332.

Statement 2
Form 512, Schedule M-1, Line 5
Book Expenses Not Deducted

Exempt Function Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 76,883.

Total $ 76,883.

Statement 3
Form 512, Schedule M-1, Line 7
Book Income Not On Return

Exempt Function Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 97,633.

Total $ 97,633.