Relatively simple facts. MMLLC has filed through 2017 as S corporation. SMLLC is a disregarded entity and therefore filed on owner's Schedule C through 2017. Individual who owned majority of MMLLC and all of SMLLC is discharged in a Chapter 7 Bankruptcy in 2019. Major creditor Bank takes over both LLCs (interests in and assets of which were collateral for loans to the individual owner.)
Logically, wouldn't the bank have to file the S corp return and also provide info for filing the Schedule C for 2018? The individual has no access to the records. The bank is unresponsive to his calls.
I saw this recent thread viewtopic.php?f=8&t=15460&p=138776&hilit=bankruptcy#p138776 with this comment at the end of it. Another side note: If the case was converted to Chapter 7, a trustee would be appointed. In such a case, the IRS takes the position that the trustee should file the Form 1065 returns for periods during bankruptcy -- even though, as some legal commentators have noted, there is nothing in the Internal Revenue Code or the Treasury regs that expressly imposes such a duty on the bankruptcy trustee. Is there research behind it?