941 refund

[cfinvests]

IRS issued a refund check for period 2021 in my business name in 4/2025.   The business was closed in 2024.  How do I treat this payment.

[RobertB4444]

It's a refund for the business.  So you are entitled to the money and a federal tax refund is not taxable income.  So all you have to do is figure out how to cash the check.  If you don't have a business bank account anymore I would go back to the bank where you did have it and see about either cashing the check or re-opening the bank account long enough to deposit the check and then withdraw the cash and close the account.

@cfinvests