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Old 09-14-2016, 02:34 PM
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Question Which Section is a 12 month liquidation of S Corp

I need to fill out Form 966 for an S Corp. The form asks for the Section of the Code under which the corporation is to be dissolved or liquidated. Does anyone know which section explains a 12-month liquidation?

Thanks very much.

https://www.irs.gov/pub/irs-pdf/f966.pdf



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Old 09-15-2016, 06:09 AM
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I guess this is your first time of filing form 966; you need to File Form 966 within 30 days after the resolution or plan is adopted to dissolve the S corp or liquidate any of its stock.On line 10 of from 966 , you need to enter sec 331 for a complete liquidation of the S corp.



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