form 966 after filing final tax return for c-corporation.

[TK2005]

Hi all,

I filed final return for C-Corp which was 2023 tax year. I didn't know if form 966 should be filed after 30 days of resolution. I am an only owner and I make all decision, so I don't have any written document. I just didn't have any income in 2023 and decided to close the company. My question is, can I file form 966 now since more than 30 days have passed, and final return is filed already in April 2024? 

Please advise.

Thanks

[PatriciaV]

Yes, you should file Form 966 along with the resolution to dissolve the corporation now. You can complete the form manually in TurboTax Business using Forms Mode (F6 or Forms>>Open Form), then print, sign, and mail with the resolution to the address on the filing instructions for Form 1120.

The resolution to dissolve is a simple statement on corporate letterhead with your signature. You may be able to find samples of this using any search engine.

[TK2005]

Thank you very much Patricia. 

I am an only person who owns the company, and, in the resolution, I just mention that I made the decision to dissolve it. 

Do you happen to know where to send the form because when I search, no address comes up. It does say that form should be sent where tax final tax returns are sent but, I am unable to find one either. 

Thank you again. 

[PatriciaV]

If you used TurboTax Business to file Form 1120 for your C-Corp, the address is shown on the Filing Instructions that are in the forms of your return.

Or you can look up the address for your state here: IRS Where to file Form 1120.

[Fusion Software]

Hi Patricia,

Regarding the resolution to dissolve the corporation, how do we go about creating this and getting a "certified copy"?  The company I am trying to disolve is based in New York State.

Thanks in advance

[PatriciaV]

In most cases, the resolution to dissolve is part of the board minutes for the corporation and is confirmed by a vote by the shareholders. If this doesn't apply to your company, a statement on letterhead will suffice. Have a corporation officer sign the notice then have it notarized.

Here is a casual discussion of the process: NOLO: How to Dissolve a Corporation

@Fusion Software