I am dissolving my S corporation in CT. I no longer need to have an S corporation for tax purposes. What steps do i need to take to dissolve this company?

According to the State of Connecticut Department of Revenue Services (DRS), a taxpayer wishing to close a corporation in the State of CT must dissolve (if a domestic corporation) or withdraw (if a foreign corporation) with the Connecticut Secretary of the State.

A taxpayer may download the appropriate forms for dissolution or withdrawal on the Secretary of the State's Website or contact the Office of the Secretary of the State for information and forms at 860-509-6000.

After the taxpayer has dissolved or withdrawn the Corporation with the Secretary of the State, the taxpayer must also notify DRS to close the corporation business tax account. The Corporation must also send a copy of the dissolution or withdrawal papers or a letter with the date of dissolution or withdrawal and include the following information:

-the Name of the Corporation.
-its Connecticut tax registration number.
-the Taxpayer initiating this dissolution must provide his name and his relationship to the corporation.
-the Taxpayer must also provide a daytime contact phone number.

The taxpayer must then mail these forms to:

Registration Maintenance Unit
Department of Revenue Services
P.O. Box 2937
Hartford, CT 06104-2937

It is also imperative that the taxpayer also file a final Form CT-1120, Connecticut Corporation Business Tax Return. The Connecticut Corporation business tax "applies to any year or part of a year when the corporation was in existence."

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