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Rvice OMB No. 1545-0041 Name of corporation Employer identification number Number, street, and room or suite no. (If a P.O. box number, see instructions below.) Check type of return 1120 1 Date incorporated 2 Place incorporated 5 Service Center where corporation filed its immediately preceding tax return 3 Type of liquidation Complete 6 Last month, day, and year of immediately preceding tax year 4 1120-L 1120-IC-DISC City or town, state, and ZIP code 1120S Other Date res.

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Related content

Form 966 - Internal Revenue Service
File Form 966 within 30 days after the resolution or plan is adopted to dissolve the...
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Form 966 - Internal Revenue Service
Corporate Dissolution or Liquidation. 966. Form. OMB No. 1545-0041. (Rev. April 2004)...
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Joint-stock company - Wikipedia
A joint-stock company is a business entity in which shares of the company's stock can be...
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Related links form

IRS 1040 - Schedule H 2022 IRS 1041 - Schedule D 2022 IRS 1040 Schedule R 2022 IRS 8606 2022

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You must file Form 966, Corporate Dissolution or Liquidation, if you adopt a resolution or plan to dissolve the corporation or liquidate any of its stock. You must also file your corporation's final income tax return.

Simply put, a dissolution is a (typically) voluntary legal closure of a business while a liquidation involves the selling of a company's assets in order to pay creditors.

There is no direct Form 966 penalty for non-filing or late filing, but by not properly notifying the IRS of a dissolution or liquidation, it may result in collateral damage and other penalties.

A corporation (or a farmer's cooperative) files this form if it adopts a resolution or plan to dissolve the corporation or liquidate any of its stock.

You must complete and file form 966 when dissolving an LLC if you have elected to be a C Corporation or a Cooperative (Coop) for tax purposes. S Corporations and tax-exempt non-profits are exempt from filing this form (see here).

Form 966 Corporate Dissolution or Liquidation is the IRS form that must be filled out when closing down an S corporation. In this situation, you are responsible for notifying all relevant federal, state, and local government agencies and completing all IRS reporting requirements.

“File Form 966 within 30 days after the resolution or plan is adopted to dissolve the corporation or liquidate any of its stock. If the resolution or plan is amended or supplemented after Form 966 is filed, file another Form 966 within 30 days after the amendment or supplement is adopted.

Completing IRS Form 966 Write your business's name, address, and EIN at the top of the form. Complete Box 1 with the date of incorporation. Complete Box 2 with the location of incorporations. Use Box 3 to indicate whether this is a complete or partial liquidation.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232