To me, it's not clear on what the end goal is here:
- Will there be fees paid to the state in order to properly dissolve?
- If any fees need to be paid, then you shouldn't file a final return until that has occurred
- Is there an intent to continue with the corporation?
- This determines whether or not a final return should be filed
- The form 966 is most likely not filed by at least 50% of companies that file a final return.
- Not condoning this, it is just that there are many small companies that just are not aware of this requirement and it never gets done.
- There is no internal cross reference between the filing of form 966 and the filing of a final 1120.
- As has been stated, the form 966 is a separate filing.
- If there are no fees to be paid and the company has no intent to continue doing business, then at this point just file a final return. This is technically due the 15th day of the 4th month upon which the company was administratively terminated by the state; as at this point the company is no longer "in business".
- The filing of the final return is not the "dissolution" of the company, it is just advising the IRS that the company is no longer in business. The dissolution is a state matter.
*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.
