Payroll for S-Corp to close out

[bekzm]

S - Corporation was sold. Was told by the IRS that the new business does not apply for a new number. So my question is on the 941 & 940 - mark final or not. We are no longer doing the payroll for employees - the new guy is but he has our federal id number. The owners change but name of business still same. Mark final or not?
Can anyone help with payroll

[ChEAr$]

There are two ways

S - Corporation was sold. Was told by the IRS that the new business does not apply for a new number. So my question is on the 941 & 940 - mark final or not. We are no longer doing the payroll for employees - the new guy is but he has our federal id number. The owners change but name of business still same. Mark final or not?
Can anyone help with payroll

to sell a corporate business.
1. Owner sells his stock in the corporation which continues as is. No change in tax numbers.

2. The corporation sells it's business, assets and/or liabilities and then wraps up affairs and
dissolves. In this case 941,940, etc are final and that's that.

You said that "corporation was sold", so if that's what happened, see # 1 above.

But if owner sold the corporate assets to another , whether or not that person continues
in busines under a different organization or not, wrap up the employment taxes.