Changing Your Business or Getting Out of Business
Closing Your Business

Summary: Final return (Form 941). If you go out of business,you must file a final return for the last quarter in which wages are paid. If you continueto pay wages or other compensation for quarters following termination of your business,you must file returns for those quarters. See the Instructions for Form 941for details on how to file a final return.

Note: If you are required to file a final Form 941ERROR MSG, youare also required to furnish Form W 2 to your employees by the due date of the final Form941. File Form W-2and Form W-3with the SSA by the last day of the month following the due date of your final Form 941.See the Instructionsfor Form W 2 for more information.

Final return (Form 940). If you will not have to file returnsin the future, check the box on the line below question C. Then complete and sign thereturn. If you start paying FUTA wages again, file Form 940 or Form 940-EZ.

flughafen hotel HelsingorFor partnership tax years beginning after 1997, the partnership'stax year closes with respect to a partner whose entire interest in the partnership isterminated, whether by death, sale or exchange, or liquidation. Previously, thepartnership's tax year closed only with respect to a partner who sold, exchanged, orliquidated his or her entire interest in the partnership. For more information, see Publication 541.

If the corporation ceases to exist, file Form 1120 andcheck the Final return box. Do not file Form 1120-A.

A corporation must file Form 966 if it adopts aresolution or plan to dissolve the corporation or liquidate any of its stock. Exemptorganizations are not required to file Form 966. These organizations should see the Instructions for Form 990or discount hotels in ValkenburgInstructions for Form990-PF.

Whenand Where to File

Important References:

Form W-2                                Wage and Tax Statement
Form W 2
Form W-3                                 Transmittal of Income and Tax Statements
Publication 15                         Circular E, Employer s Tax Guide
Publication 541                      Partnerships
Form 940 and Form 940-EZ  ERROR MSGEmployer'sAnnual Federal Unemployment (FUTA) Tax Return
hoteles TurinInst.  Form 940
Form 941                                Employer s Quarterly Federal Tax Return
Inst. Form 941
Form 966                                 Corporate Dissolution or Liquidation
Form 990                                Return of Organization Exempt from Income Tax
Instructions for Form990
Form 990PF                            Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as aPrivate Foundation
Instructions for Form990-PF
Form 1120                              U.S. Corporation Income Tax Return
Inst. Form 1120

Weblinks:

www.sba.gov/starting/indexcounseling.html