topic Do I need to file Form 966 when I dissolve my S-Corp? in Deductions & credits

Do I need to file Form 966 when I dissolve my S-Corp?

valuecare — Fri, 17 Jan 2025 17:11:21 GMT

I read contradictory things concerning this question. Some say all S-Corps need to file Form 966 after dissolution. Others say only S- Corps than were originally C- Corps need to file the form. Can anyone clarify? Thanks in advance!

Re: Do I need to file Form 966 when I dissolve my S-Corp?

AmeliesUncle — Fri, 17 Jan 2025 22:29:13 GMT

It is required of all corporations, including S-corporations.

Re: Do I need to file Form 966 when I dissolve my S-Corp?

valuecare — Fri, 17 Jan 2025 23:07:18 GMT

Thanks! That is what I need to know. I appreciate your response.😎

Re: Do I need to file Form 966 when I dissolve my S-Corp?

bmochel — Tue, 11 Mar 2025 15:25:18 GMT

The isstructions for form 966 says that sub S corporatiions should not file this form. What now?

Re: Do I need to file Form 966 when I dissolve my S-Corp?

RobertB4444 — Tue, 11 Mar 2025 17:50:22 GMT

You will still file form 966 IF you were formerly a C corp. If you never were then you just need to file any final tax forms and then mark the return as final.

Then you can send a letter to the IRS to dissolve your corporation if that is something you want documentation for.

Here are the IRS instructions for closing your business.

@bmochel

Re: Do I need to file Form 966 when I dissolve my S-Corp?

AmeliesUncle — Tue, 11 Mar 2025 23:04:49 GMT

@bmochel wrote:
The isstructions for form 966 says that sub S corporatiions should not file this form. What now?

Can you point out where it says that? I suspect you are misreading the Instructions.