When electing to change status from a sole-ownership S-Corp to a Single-Member LLC (a Disregarded Entity), I have already written a statement to the IRS giving up the election to S-Corp, and I have filed a Form 8832. My question is, do I check the box as "Final Return" on the 1120-S and any other related paperwork (K-1)? I am not dissolving the company, just reverting after five years to a single-person LLC.
