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Sale of a S Corp

In the sale of a S Corp and the change of its officers. Who is responsible for filing the taxes for the S Corp.for the year in which it sold?

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2 Replies
M-MTax
Level 11

Sale of a S Corp

The return must be signed and dated by:

  • The president, vice president, treasurer, assistant treasurer, chief accounting officer; or

  • Any other corporate officer (such as tax officer) authorized to sign.

Sale of a S Corp

I think a few more details would be helpful:

  • Is this an asset or stock sale?
  • Is this a stock sale treated as an asset sale (Section 338(h)(10))?
  • When did the sale occur?
  • Is this a complete disposition?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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