On 11/11/2024 6:35 PM, Adam H. Kerman wrote:
A friend has an interesting problem. He's received a refund of corporate income taxes for 2021. Unfortunately, he's dissolved the corporation and closed the bank account.
I suggested he contact the bank to see if they'll simply reopen the
account; if they check with the state first, they'll learn of the dissolution.
If the bank cannot help, I don't know how to advise him.
There is a Form 966 for C corps but nothing comparable for S corps. I
found a form to treat a Q Sub as flow through to the parent S corp but
I'm not spotting anything about dissolving the parent S corp aside from stating "final return" when filing final returns.
Any advice?
Not sure I understand the problem.
If you're saying he will receive a direct deposit to a bank account that
no longer exists, can he not file an amended return to change the
deposit information to his personal account?
If you're saying he received a paper check issued in the name of the corporation, can he not simply endorse it as an officer of the company
and deposit it in his personal bank account?
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