Form 966

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  • Unregistered

    #1

    Form 966

    Am I correct in my assessment that a S Corporation electing to dissolve itself must file a form 966 in the same manner that a C Coporation?

    I can't find any detailed instructions on this form.

    Also, the line that reads: Last Day, Month and Year of Final Tax Year
    Do they want the calender year end 12/31/06 or the actual date of dissolution?

    TIA.
  • Bees Knees
    Senior Member
    • May 2005
    • 5456

    #2
    TTB, page 18-18 indicates Form 966 applies to both C corporations and S corporations.

    When they ask for the last day of the final tax year, it is the date of dissolution or liquidation, as a corporation does not exist after that date. That is why a calendar year corporation that liquidates on any day other than December 31 will have a short tax year for its final year.

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    • veritas
      Senior Member
      • Dec 2005
      • 3290

      #3
      Don't instructions require "certified " plan of liquidation to accompany the form 966? Or some such verbage.

      Comment

      • Bees Knees
        Senior Member
        • May 2005
        • 5456

        #4
        The form itself says: "Attach a certified copy of the resolution or plan and all amendments or supplements not previously filed."

        Comment

        • Unregistered

          #5
          I've always wanted to know. Where do you get a certified resolution or plan?

          Comment

          • Bees Knees
            Senior Member
            • May 2005
            • 5456

            #6
            I just tell my clients to have their plan notarized by a notary. I don't know of any other way to "certify" it.

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