I had an S Corporation in NJ until 2004. I was audited by the state-paid the penalties and closed shop. A small, 1 man part time business. I moved to Arizona a few months later.
I spoke with a woman in Trenton by phone shortly after moving here 4 years ago, and had the corp. put on 'inactive' status as per her instructions, via fax. They subsequently sent me some paperwork required to CLOSE the corp. Several pages, very confusing-also requiring a fee. I never sent it in, time went by and I never heard another word(yes-they have my address out here). After googling some info on inactive S Corps-i'm now wondering if I was suppose to pay some kind of corp. tax(CBT?)every year. Should I contact someone or let sleeping dogs lie? Do these small S Corps. stay on the books indefinately if not formally dissolved? Now I'm worried...
Thanks in advance!