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S Corp dissolution in NY
Hello. I had an S Corp with my wife since 2016 in NY. When the pandemic started the business lost its client and there wasn't any activity. We filed a final tax return for 2020 but the Entity is still showing as active. We received a Response to Request for Consent to Dissolution of a Corporation from NT Taxation and Finance stating that we have not filed franchise tax return, and that we must also file returns for MTA surcharge (form CT-3M/4M - tax period ended 12/31/16) with a total of $0.
What should I do in this case?
We are also not sure what do to and if we still need to file our returns with IRS and NY for 2021 in this case.
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March 11, 2022
10:26 AM