| How does a taxpayer report a Corporate Dissolution or Liquidation?
According to the IRS, "a corporation must file Form 966 if it adopts a resolution or plan to dissolve the corporation or liquidate any of its stock."
When should Form 966 be filed?
The IRS has requested that taxpayers "file Form 966 within 30 days after the resolution or plan is adopted to dissolve the corporation or liquidate any of its stock."
Where should Form 966 be filed?
The IRS has requested that taxpayers "file Form 966 with the Internal Revenue Service Center at the address where the corporation (or cooperative) files its income tax return."
How should distributions of assets be treated in a complete corporate dissolution or liquidation?
The IRS has specifically stated that "a corporation must recognize gain or loss on the distribution of its assets in the complete liquidation of its stock." Also, the IRS has stated that "for purposes of determining gain or loss, the distributed assets are valued at fair market value." | 
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