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SensibleandHourly
Level 6
December 26, 2023
Solved

Closing an S Corp

  • December 26, 2023
  • 1 reply
  • 11 views

Hello, 

If a client wants to shut down their S-Corp, and doesn't have any employees, no significant assets, and probably should have been simply self-employed all along with a Schedule C - would filing a final tax return and requesting from the IRS the closure of the EIN account be sufficient, or am I missing anything? 

Hope everyone had a wonderful holiday, 

Dawn 

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

Technically, the legal entity should be dissolved at the state level, too.

Articles of dissolution, fees, etc.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 26, 2023

Technically, the legal entity should be dissolved at the state level, too.

Articles of dissolution, fees, etc.

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