Discussion:Dissolved Corporation
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> Dissolved Corporation
| 6 May 2008 | |
| I have a new client that has corporation that was dissolved in 2007 for CA with the SOS. He is working with the IRS to settle a 60K corporate tax liability for prior years. (I just had the client sign a POA so I can talk to the agent.)There is approx 250K in revenue collections that the corporation is expecting from prior years. He said that he was told that he should close out the corporation. I believe that it should have stayed active if there is more revenue expected to be received.
The bank account is still active for the corporation as well. What do you do in this situation? If the 250k is collected, do we still file the 1120 and go back to the state to reinstate the corp for CA so that we can file the Form 100? I haven't seen this before so I'm not sure where to start. Any help is appreciated. | |
RoyDaleOne (talk|edits) said: | 6 May 2008 |
| Cindylee, if you were in Florida I could help, however, being in the Great state of California I can not. Because of the way the corporate laws work in Florida it would be a waste of money to reinstate the corporation. | |
To join in on this discussion, you must first
log in.
