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hgtc
Level 5
February 28, 2025
Solved

When should be C-corp's final tax return year?

  • February 28, 2025
  • 1 reply
  • 16 views

C-corp dissolved at 12/31/2024, only bank accounts remained.  They file dissolution with Secretary of State in 2024.

They plan to distribute money to shareholders and close bank accounts in March 2025.

should we mark "final return" for tax year 2024?  Or, company needs to file 2025 tax return when distributions are done?

Thanks.

This topic has been closed for replies.
Best answer by sjrcpa

2025. They'll need to file 1099-DIVs for the liquidating distributions, too.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
February 28, 2025

2025. They'll need to file 1099-DIVs for the liquidating distributions, too.

The more I know the more I don’t know.
    H
    hgtcAuthor
    Level 5
    February 28, 2025

    Thanks.

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