"Mark Bole" <makbo[at]pacbell.net> wrote

- quote -

It depends on who is filing returns telling them to close
the numbers out, or who is responding to the notices about
unfiled returns. Clearly my fees to fill out a return with
zeros, check the box indicating that no returns fill be
filed in the future, and indicating the date last wages
paid, etc and so on, is much less than having to write a
letter explaining the same thing six to eight months down
the road.

Of course, if you're doing it all yourself, then either
method is just as cheap.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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"Paul Thomas, CPA" <paulthomascpapc[at]bellsouth.net> wrote:
- quote -

If its a corp, you have to liquidate it through the state.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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Paul Thomas, CPA wrote:
- quote -

Alternately, you could wait for the IRS to send you
follow-up notices and indicate the same information about
date your business closed on them. At least that would save
you the trouble of filing complete returns.

It's not clear to me which method (filing returns or
responding to form letters) is more cost-effective.

-Mark Bole

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

<zaffuto234[at]gmail.com> wrote

- quote -

Take a look at the EIN confirmation notice you received
shortly after obtaining your tax ID number. There's a short
list of tax returns the IRS is looking for and their due
dates. All those returns need to be filed (if you haven't
already) and indicate on them that they are final returns,
and if necessary, the date final wages paid, date business
closed, etc

You'll most likely need to do this for the 940, 941, and the
corporate (1120 or 1120S) return if you were incorporated
(you don't quite say).

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

<< ================================================== ===== > << 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. > << ================================================== ===== >

We our closing our small business. It is our first year and
have made no income or expenditures. How do I terminate my
Employer identification number.

<< ================================================== ===== > << 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. > << ================================================== ===== >