LeeM
New Member

Business & farm

Yes, if you were an S-Corp, recognized by the IRS and had that S-Corp election revoked, then you would need to file a Part-Year final 1120-S Tax Return. It will have all the expenses and income of the S-Corp through revocation. 

You would then need to file the remaining part of the year as a sole proprietor on your Schedule C of your Federal Income Tax Return.

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