IRS Business Closing Task List

From the IRS: A List of Tax Tasks to Complete

___ Make final federal tax deposits.

___ File final quarterly or annual employment tax form.

___ Issue final wage and withholding information to employees.

___ Report information from W-2s issued. (If applicable, file final tip income and allocated tips information return. )

___ Report capital gains or losses.

___ Report partner’s/shareholder’s shares.

___ File final employee pension/benefit plan.

___ Issue payment information to sub-contractors.

___ Report information from 1099s forms issued.

___ Report corporate dissolution or liquidation.

___ Consider allowing S corporation election to terminate.

___ Report business asset sales.

___ Report the sale or exchange of property used in your trade or business.

___ Close your Employer Identification Number (EIN) by contacting the IRS.


NJ NY Law irs closing list

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