Yes, you have it ... otherwise, you'll get into a situation where you can't dissolve, because CA wants you to have all taxes, debts, filed, paid, etc. and part of that is that 1120-S with the "final return" box checked .... and if you file that one, IRS will come to you looking for last year's return
I still don't see you coming into the chat here ... I can move us to the "Q&A mode ... Maybe that will help
OK Moving us now (We can still continue a dialogue there, just not in real-time as we can here)
Let me now if you have further questions
But if this HAS helped, I would appreciate a feedback rating of 3 (OK) or better … That's the only way they will pay us here.
HOWEVER, if you need more on this, PLEASE COME BACK here, so you won't be charged for another question.
Let me know ...