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Corporation has not filed since 2008 and would like to not file corporate tax and show dissolution in 2008. And then file regular schedule C for past 8 years. Is this possible?
2 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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That seems like an astonishingly bad idea. If a corporation is filing form 1120, that means it's a C corp responsible for its own income taxes. But if you file on schedule C as a disregarded entity, your responsible for its taxes.
Answered on Sep 08th, 2017 at 8:35 PM
Chapter 7 Bankruptcy Attorney serving Lisle, IL
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Mankus & Marchan, Ltd.
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Yes, but keep a copy of the Corporation File Detail Report from the Secretary of State's web site. It will show the date of the corporate dissolution.
Answered on Sep 07th, 2017 at 8:32 AM