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I filed a 1065 that should have been marked final year in 2019, but was not told it was their last year. No expenses in 2020. Do they still need to file?

KMA-Tax
Level 2
They did not have any expenses in 2020, and no revenue was earned.
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3 Replies 3
IRonMaN
Level 15

They didn't have any assets that needed to be accounted for?

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
KMA-Tax
Level 2

It has been determined that we did need to file a business return for this customer to close out the capital accounts, and to mark the return as "final".

sjrcpa
Level 15

and to deduct your fee?


ex-AllStar