I am preparing a final return for a corporation. All assets were distributed to shareholders as of year-end except the amount to pay accrued income taxes. Is it appropriate to answer that there are 0 shareholders for question 10, Sch K, and No to question 4b, Sch K ( asking if any individual owns more than 20%)? Also, is it appropriate to show $0 for assets, ignoring the cash left at to pay the final income tax?
