Dissolving an S-Corp

[firsteq]

What is the name of your state (only U.S. law)? California

I had an attorney form an S-Corp about 4 years ago. Business closed about 2 years ago. I have just been paying the mandatory $800 fee to the IRS during this time. I have no debt, employees, etc. I just want to stop paying $800 to the IRS for nothing. Does someone have any helpful advice? I am trying to avoid paying an attorney to dissolve.

Thank you.

[davew128]

Originally Posted by firsteq

What is the name of your state (only U.S. law)? California

I had an attorney form an S-Corp about 4 years ago. Business closed about 2 years ago. I have just been paying the mandatory $800 fee to the IRS during this time. I have no debt, employees, etc. I just want to stop paying $800 to the IRS for nothing. Does someone have any helpful advice? I am trying to avoid paying an attorney to dissolve.

Thank you.

What mandatory $800 IRS fee are you talking about? An s-corp almost never has a federal income tax and certainly one with your history doesn't.

[firsteq]

California has a franchise tax of 1.5% of your net income (a minimum of $800) for S-corp. My mistake though, I meant to state that I pay the state franchise tax board $800 to have my S-corp, not the IRS. I apologize for the mistake.

[davew128]

I believe the CA Secretary of State's website has all the forms and instructions you need in order to dissolve a corporation.

[firsteq]

Thank you I will research their site. Much appreciated!