I'm shutting down an S-Corp with no assets or liabilities. The Liabilities consist of loans from shareholders, and their total equals the total of Retained Earnings and Capital Stock. For the final 1120-S Balance Sheet, do I just net the above and enter everything as zero?
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Showing posts with label no assets or liabilities. Show all posts
Showing posts with label no assets or liabilities. Show all posts
Friday, November 04, 2011
Final Entries to Dissolve S-Corporation
AskTaxGuru.com Junior Member, chid220, asked:
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