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Dissolving an S Corp in the middle of a year
Hello. I just filed 2019 tax return on 1120s through TurboTax Business. The S Corp was formed in NY in 2016 and I want to dissolve it since I lost all my clients due to this virus outbreak. I moved to Florida and it is not possible to transfer the company, I want to start fresh with new business name and look for new clients.
How can I dissolve that company? Should I file a 2020 tax return now or wait until next year? Can I do it through TurboTax?
Thank you
Topics:
‎April 17, 2020
11:44 AM