Make sure all of the K-1s are marked final as well. All of the assets owned by the business have to be removed to finalize the return. Do you have any of the following as part of the tax return?
- Cash on hand and in the bank
- Money owed you by your customers (accounts receivable), your shareholders or others (notes and loans receivable)
- Inventory on hand
- Depreciable assets such as buildings, equipment, furniture and vehicles
- Land
- Investments such as stocks, bonds and collectibles and including tax-exempt investments like state or local bonds
- Depletable assets such as mineral deposits and oil reserves
- Intangible assets like trademarks, patents and goodwill
- Current assets, including prepaid expenses such as rent, insurance, and taxes
- Other property and assets that your business owns
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