DaveF1006
Expert Alumni

Business & farm

The IRS doesn’t require a formal notification when closing a sole proprietorship, so there’s no specific “final” Schedule C form. Instead, you simply stop filing Schedule C when your business ceases operations and has no income or expenses for the tax year.

 

If the IRS doesn’t receive a Schedule C in 2026, they won’t automatically assume an issue unless there’s other taxable activity that suggests the business is still operating.

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