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Level 3
February 20, 2021
Question

I filed a 1065 that should have been marked final year in 2019, but was not told it was their last year. No expenses in 2020. Do they still need to file?

  • February 20, 2021
  • 1 reply
  • 8 views
They did not have any expenses in 2020, and no revenue was earned.
This topic has been closed for replies.

1 reply

IRonMaN
Level 15
February 20, 2021

They didn't have any assets that needed to be accounted for?

Slava Ukraini!
KMA-TaxAuthor
Level 3
February 23, 2021

It has been determined that we did need to file a business return for this customer to close out the capital accounts, and to mark the return as "final".

sjrcpa
Level 15
February 23, 2021

and to deduct your fee?

The more I know the more I don’t know.