For Federal purposes:
Since you filed
Schedule C in the past (such as sole proprietorship or single member LLC), closing a business couldn't be easier. TurboTax will ask you if you disposed of your business
during the year. Once answered - there is nothing else to do for your income tax return. No additional forms are needed.
If you sold
the business to someone else, TurboTax will guide you through the disposition
process and include the transaction on your income tax return.
If you are closing a
business that had employees or assets, please see below link for
guidance:
From
<https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Closing-a-Business/INF12028.html>
For State purposes:
Guidance for closing
your business is state specific; each state has its own policies and
procedures. Please contact your state
Department of Revenue or your attorney for further guidance.
Here 's a link to state's sites (select your state):
http://www.taxadmin.org/state-tax-agencies
