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Old 03-14-2014, 06:51 PM
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Tax treatment for C Corp dissolution in year of start up

My husband and his partner started a C Corp in Jan of 2013. Each of them put in capital of around 7k and most of that was used to pay lawyers to set up the corporation (articles, stock agreements, etc). About 4k was used to research a Patent (which was later determined to be unavailable). Another 3k each was invested in Common Stock in the corp.
It was decided in Dec 2013 that the corp should be dissolved to avoid any further costs due to the patent and FDA issues. All stock returned, no assets, no liabilities.
My question is, in filing the final return (which is also the Initial return), is there any benefit to putting in the organizational startup costs, or should we just put in all zeroes for income and deductions and take a loss on our 1040?

Thanks!



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