S-corp closed doors in early 2011. Never had any ordinary income or any other income since inception. I have done the negative net woth worksheets for 1099-C's issued to individual SS# using form 982 but these have the S-Corp EIN #. Also, one 1099-C was issued to the business (bus EIN#) of taxpayers deceased spouse who died in 2010. This business was not an LLC, S-Corp, P-ship or C-Corp. In box 4 under "debt description" it its says "deceased/probate cancellation". These 1099-C's are all for tax year 2011. The "personally liable" box was not checked nor was the bankruptcy box checked on any of them.
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Last edited by AZ-Tax; 03-10-2012, 02:14 PM. -
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Thought I place at the top again
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