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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
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If your old s corp business is closed do you still owe lni

Customer Question

If your old s corp business is closed do you still owe lni taxes from when you were in business under that name?
Submitted: 1 year ago.
Category: Tax
Expert:  Lane replied 1 year ago.
Hi,
You can still owe non filing fees IF you didn't dissolve the corporation, file the final 1120-S and mark the "final" box on the 1120-S.
Have you received something from IRS or your state?
Let me known and we can go from there...
Lane
If this HAS given you the informaiton you needed, ... I would appreciate a positive rating (using the stars or faces on your screen) .. That's the ONLY way we're credited for the work here. Thanks.

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