Skip to main content
Level 2
August 6, 2021
Question

S Corp dissolution

  • August 6, 2021
  • 2 replies
  • 7 views

If an S corp has been involuntarily dissolved by the state can I still file an 1120 S, what happens if I do?

 

    2 replies

    M-MTax
    Level 15
    August 6, 2021

    File an 1120-S and mark it as final.

    Level 2
    August 6, 2021

    The problem is my husband has been filing an 1120 S every year and Corp was involuntarily dissolved by SOC office in 2012. Will we get in trouble?  Does the Mass Secretary of State notify the IRS?

    M-MTax
    Level 15
    August 6, 2021

    If the corp was dissolved in 2012 and the MA SoS made it a practice to notify the IRS you would have heard from them a long time ago. Best thing now would be to see a tax pro but probably file a final 1120-S and be done with the whole thing.

    Mike9241
    Level 15
    Level 15
    August 6, 2021

    if the company has been conducting operations it could face legal issues.  in addition, if it's no longer a corporation because of state dissolution, can it still file an S-Corp return? You should consult your attorney to find out how the dissolution affects the business.

     

     

    Mike9241
    Critter-3
    Level 15
    August 6, 2021

    If you have been filed a federal return every year then what have you been doing for a state return since 2012?

     

    I would be more worried about the state getting after you.   This is a mess at best ... seek local assistance to clean this up.