I have dissolved my C-corp yesterday. I am in the process of…

for corporation

-- Form 966 + Certified Copy of Dissolution ( sent with in 90 days - separately)

-- Form 1096 ( Annual Summary and Transmittal of U.S. Information Returns) + Form 1099-DIV (Dividends and Distributions)

-- Form 1120 (2015 Corp Tax Return) Form 1120 - that is a tax return for the corporation - mark it as FINAL

-- Form 8594 (Asset Acquisition Statement ) is only needed if teh business is sold via assets sale - no need in your case

for personal

-- individual tax return - form 1040 - due by Apr 15 of the following year.

-- Form 8949 (Sales and Other Dispositions of Capital Assets) - report the disposition of corporate shares (as if shares were sold) - you do not have Form 1099-B (that is normally sent by brokers - so on 8949 check box (C) if shares were owned less than a year or (F) in Part I if owned more than a year.

-- (Schedule D - Capital Gains and Loss) - results from 8949 are transferred to schedule D - and then eventually to 1040 line 13.

Any questions? Be sure to ask.

1. On Form 8949; I list my shares ?

Yes correct.

2. When I list my common shares, in boxes; (d) Proceeds (sales price) and (e) Cost or other basis -- is that equal to that of my non-cash distribution? FORM 1099-DIV

Cost or other basis is YOUR investment into the corporation - that is your capital contribution. That amount is NOT listed on 1099DIV.

1. Do I fill out a form 1099-DIV for each individual Shareholders noncash distribution?

yes - form 1099div is issued to each shareholder -.

- a. PAYER's name - is Corporation?

yes - that form is issued by the corporation and the corporation is a payer.

- b. Recipient's name - Shareholder?

correct.

3. Do Shareholders need these this form sent to them or do I send them directly to IRS?

You send to the IRS an provide copies to shareholders.

4. The nominal fee of each Shareholders non-cash distribution totaled into box 9?

when assets are distributed to shareholders - the value of such assets are reported on 1099DIV.

If assets have NO value - nothing is reported.