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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 Tomatoes (I had to get rid of the turtles - they kept running away)
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