this is cocerning taxes of a restaurant closed 5 years ago
2006-08-19 13:52:56 · 4 answers · asked by william m 1 in Business & Finance ➔ Taxes ➔ United States
I don't know, but the following link is to the IRS site for a 'Closing a Business Checklist'
http://www.irs.gov/businesses/small/article/0,,id=98703,00.html
2006-08-20 09:13:38 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
If all your bills are paid then a final tax return is in order.
You should know when you filed your last corp return and if you owe tax money or not. Or any SS for employees or sales tax to the State. If you owe any of these taxes then they will follow you when your SS # is used at certain places. If you do not owe taxes then file that last corp return and sais tout...all done!
2006-08-19 22:22:21 · answer #2 · answered by awaken_now 5 · 0⤊ 0⤋
In addition to the other answers, it also depends what state your are in. In California there is an $800 minimum tax that is due every year. You must also file forms to dissolve your corporation and request for tax clearance from the FTB.
Find out what the rules are in your state.
2006-08-20 16:22:33 · answer #3 · answered by Linda C 2 · 0⤊ 0⤋
you have to pay all taxes owed, because that transgression will follow you everywhere you go in the U.S. I bet you can get away with that in a 3rd world country but not here. it's the price you pay for failure.
but learning to spell first is a big plus.
2006-08-19 20:58:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋