Once you have paid all bills and made all liquidating distributions to the owners (you don't indicate the entity structure type) you will need to file a final return. This date depends on the entity type; so it is either the 15th day of the 3rd month or 4th month.
Since your final return is due before any 2020 returns have been finalized, you have a couple of options:
- You can request an extension for the filing of the final return and complete it when the forms are complete.
- Typically what is done in these situations is you file a paper return. So in your situation you would complete the 2019 return for your final 2020 activity. However, you would cross out all 2019 dates on the forms and write in 2020.
Make sure you contact your Secretary of State to complete any final documents. This is not the same as filing the final state income tax return (assuming there is a filing requirement for your particular state).
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
