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New Member
posted Dec 9, 2023 4:16:15 PM

After dissolving an LLC in Virginia in early Dec2023, are there any federal/state tax forms that need filing before end of year or can final forms be filed by Apr2024?

Virginia has already accepted the dissolution of the LLC, we wanted to ensure that all final tax forms for the LLC can be filed with our other taxes by April 2024 and we did not have to file anything by the end of the year in 2023 to finalize dissolving the LLC.

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4 Replies
Level 15
Dec 9, 2023 4:45:34 PM

An LLC is a state issue unless you incorporated ... so did you incorporate or were a partnership?  Did you have payroll ? 

New Member
Dec 9, 2023 4:58:41 PM

We did not incorporate. We were a multi member, member managed LLC so I assume we would be treated as a partnership? We created the LLC in October 2023 and due to unforeseen circumstances decided it was not going to work out and dissolved it in December 2023. It had no activity during that time (no income, no payroll, no bills, etc).

Level 15
Dec 9, 2023 5:58:58 PM

Look at the EIN issuance doc from the IRS ... if you got the number as a multimember LLC the IRS would indicate that you were to file a 1065 by 3-15-24.  It would not hurt to file an initial and final 1065 even if not required.

 

If the partnership has any transactions that qualify for deductions or credits, an informational Form 1065 should be filed. If your partnership has no income or expenses that may qualify for deductions or credits, you do not need to file a Form 1065.    https://www.legalzoom.com/articles/filing-taxes-for-a-small-business-with-no-income-what-you-should-know

New Member
Dec 10, 2023 6:00:06 AM

Thank you! This is very helpful!