close a DE corp never filed tax return?

Technical topics regarding tax preparation.
#1
Keyad22  
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1209
Joined:
13-Jun-2016 9:51am
Location:
Bay Area, California
I was told the flowing scenario from my client

Client set up a Delaware corp in 2017 and sold it in 2018 through installment sale and received proceeds in 2018 & 2019, plan to close the Delaware corp next month after receive the last payment from buyer.

The problem is he never filed tax return for the corp. He never applied EIN for this corp. Client asks me to close DE corp.

Should I help him give birth to a baby and then kill the baby?

Should I apply EIN, file 1120 for 2017, 2018, close company and file final 1120 for 2019?

Thank you!
 

#2
Nilodop  
Posts:
18751
Joined:
21-Apr-2014 9:28am
Location:
Pennsylvania
He sold the corp.? Then how can he close it?
 

#3
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3299
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21-Apr-2014 7:01am
Location:
Near the fridge.
Was it the corporation, or the corporation's assets, that were sold?
 


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