Get 966 - Nd

Completing IRS Form 966 Write your business's name, address, and EIN at the top of the form. Complete Box 1 with the date of incorporation. Complete Box 2 with the location of incorporations. Use Box 3 to indicate whether this is a complete or partial liquidation.

You must complete and file form 966 when dissolving an LLC if you have elected to be a C Corporation or a Cooperative (Coop) for tax purposes. S Corporations and tax-exempt non-profits are exempt from filing this form (see here).

There is no direct Form 966 penalty for non-filing or late filing, but by not properly notifying the IRS of a dissolution or liquidation, it may result in collateral damage and other penalties.

A corporation (or a farmer's cooperative) files this form if it adopts a resolution or plan to dissolve the corporation or liquidate any of its stock.

Form 966 is filed with the Internal Revenue Service Center at the address where the corporation or cooperative files its income tax return. There are several exceptions to using this form: Form 990 and 990-PF filers should follow the form instructions for the additional information to include with the final return.

Completing IRS Form 966 Write your business's name, address, and EIN at the top of the form. Complete Box 1 with the date of incorporation. Complete Box 2 with the location of incorporations. Use Box 3 to indicate whether this is a complete or partial liquidation.

If, as part of your business closure, you have adopted a plan or resolution to dissolve the corporation or liquidate the stock, you must submit Form 966, Corporate Dissolution or Liquidation. If you sell or exchange any business property you will file Form 4797, Sales of Business Property.

There is no direct Form 966 penalty for non-filing or late filing, but by not properly notifying the IRS of a dissolution or liquidation, it may result in collateral damage and other penalties.