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Business & farm
Thank you so much!
I kept thinking I had to wait to file final returns until after I filed the articles of termination with the state (which I am going to do this month) meaning I would have to wait until next year to file final returns because the businesses won't be officially closed with the state until this year. Technically, the one business has been closed for awhile and the other I never did anything with. The IRS says to file final returns the year your business closes except they don't specify what officially makes your business closed. Again, it was last year for both even though I haven't terminated them with the state yet. I just want to make sure the IRS doesn't slap me with penalties because I missed a year of returns because I filed the final return too soon.