Jan 20, 2017 · So not sure what specified in the form 966 for the question. Total number of shares outstanding at time of adoption of plan of liquidation LLC (limited liability company) S-corporation Small business taxes Small business income tax Liquidating business assets Bankruptcy liquidation Business Running a business Tax law

Dec 15, 2011 · (I need to attach it to form 966) I am a single member LLC taxed as an s-corp, and I just made the decision to dissolve my company and sent out the dissolution papers shortly afterward. I don't have any official resolution or plan.

Dec 12, 2011 · The basic penalty for failing to file a Form 966 within 30 days of adopting the resolution to dissolve is $10 per day. However, the maximum penalty for the organization for failing to file any single Form 966 is $5,000. If the resolution or plan to dissolve is amended, two Form 966s would need to be filed, so the total penalty could be $10,000.

Mar 12, 2014 · IRS Form 966 for Dissolution of Corporation requires me to submit "a certified copy of the resolution or plan". Do they mean the resolution made in the corporation authorizing the dissolution? If so, how do you certify a copy of the resolution?

Sep 18, 2012 · Irs form 966 asks for a certified copy of the resolution or plan. What do they mean by "certified". In item 4 of this form, they ask for the date the resolution or plan was adopted.

Dec 14, 2012 · You do not need to file Form 966 with the IRS; that is for the corporation. Seeing how you have no employees, simply file the Form 1065 as "final return." This is effective notification.

Jun 8, 2015 · The filing of Form 966 is required upon the dissolution of corporations that file their annual income tax return on Form 1120. By default, a single-member LLC is treated as an entity disregarded as separate from its owner for income tax purposes and not as a corporation. Its activities are reported on its owner's annual tax return.

Feb 12, 2024 · I do not have to liquidate any stock or have any board of directors or other stockholders who I need to present a resolution or plan, which the IRS asks to attach a certified copy of. I wonder if form 966 is needed in my situation and if yes, how it can be correctly filed?

Mar 31, 2020 · The instructions to Form 966 specifically state "do not file Form 966 for a deemed liquidation..." You should consult with a tax attorney before completing the conversion. Legal Consult Recommended

Aug 22, 2019 · I dissolved my company in August 16, 2019 . It's C corporation in Delaware. Still I don't file final tax return for tax year 2019 because still form not ready and due date is December 15, 2019. based in my situation that In form 966 there I have 2 questions dates . …