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Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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I have a client with a sub-chapter S Corporation that stop

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I have a client with a sub-chapter S Corporation that stop operating in September 2012. The corporation hasn't been officially dissolved yet. Can he mark the 2012 return as the final or must the final be after the corporation is dissolved.

Lev : Hi and welcome to Just Answer! As long as there is NO business operations and all assets are distributed - you may file a final tax return.
Lev and other Tax Specialists are ready to help you
Please be aware that after filing the final tax return - the tax ID assigned to the corporation may not be used.
After filing the final tax return S-corporation has NO assets and performs NO business operation.
It may not have a bank account and may not receive any money.

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