mel wrote:

- quote -

this is not an answer to your question per se, but a
suggestion. Just wait to close out the corporation until Dec
31st. Won't cost any more, at least I don't think it would.
But wait one more day, and you incur additional state
franchise fees etc.

Example: when and if I ever retire, that's the way I'll do
it. I will cease active business operations probably
sometime in June but keep the corporation active rest of
year just in case I get bored with retirement and change my
mind. (lol)

ChEAr$,
Harlan Lunsford, EA n LA

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I am dissolving an S-Corp as of September 30, 2006. The
1120-S Return is due Dec. 15. In order to deduct all
payments on the final return: i.e. Payroll Taxes & my fees,
I assume they must be paid by Sept 30th. This means my fees
must be paid in advance. We also will have to file Amended
Returns for the 2 prior years since some large assets were
never recorded and depreciated. Again, I would have to be
paid before September 30 even if we file the Amendeds later.
Is my thinking correct?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >