Based on your initial facts and follow-up response:
- You technically need to file Articles of Dissolution with the appropriate State.
- You should file Form 966 within 30 days of filing the Articles of Dissolution.
- Since you are still winding down or the wind down occurred after the year end, you will have two returns to file.
- One for the year ended 2/28/2022. This will be on a 2021 tax form
- The final return. This return is due by the 15th day of the fourth month after the liquidating distribution has occurred.
- Since the 2022 tax forms will not be available for quite some time, and hopefully not much needs to be reported on the final return, I would just recommend using a 2021 tax form, mark out the 2021 on each form and put 2022.
- Liquidating distributions need to be reported on form 1099-DIV
- Keep in mind that if any property was included in the liquidating distribution, the rules are that it is as if you sold the property at FMV and gain reported on the 1120; including any depreciation recapture.
- Any taxes for the 2021 tax return need to be paid by the due date of the return (June 15). Estimated taxes should have been filed during 2021 so make sure you determine if any had been paid.
*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.
