Dissolution question - Spidell

Dissolution question

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Message Board Dissolution question

This topic contains 0 replies, has 1 voice, and was last updated by Jonathan Resnick 2 months, 1 week ago.

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    Jonathan Resnick

    I had an S corp close down operations so we filed a final return for calendar year 2017. They had no further activity and then dissolved in March 31, 2018. The IRS then came back and issued penalties for a delinquent short-year return covering Jan 1 – March 31, 2018. I called up the IRS Practitioner line and then told me that  “Once you receive the state’s approval, you may file your final tax return with the IRS. The final return is due on the 15th day of the third month after the S corporation’s dissolution date.”

    Has anyone else had an issue with this?