Yes that is a very concise article.  2021 will be the final year of the company and the lone shareholder will get assets in access of their basis.  My question is does the IRS from your experience look for the 1099-Div and make an issue of it?  I will be reporting everything correctly but I do not want to incur a penalty for late filing the 1099.  Is the 1099-Div a necessity.