990 ez dissolution form 2025

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A corporation (or a farmers cooperative) must file Form 966 if it adopts a resolution or plan to dissolve the corporation or liquidate any of its stock.
As a 501(c)(3) tax-exempt organization, you must notify the IRS of its dissolution by filing IRS Form 990. Certain documents have to be attached such as the articles of dissolution and plan of dissolution.
File Form 966 within 30 days after the resolution or plan is adopted to dissolve the corporation or liquidate any of its stock. If the resolution or plan is amended or supplemented after Form 966 is filed, file another Form 966 within 30 days after the amendment or supplement is adopted.
They must file Form 966, Corporate Dissolution or Liquidation, if they adopt a resolution or plan to dissolve the corporation or liquidate any of its stock.
The full-length 990 form is required for nonprofits who gross $200,000 or more in total receipts, or total assets of $500,000 or more. The 990-EZ and 990-N are for nonprofits who grossed less during the year (over $50,000 in total gross receipts and under $50,000 respectively). The 990-PF is for private foundations.
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File Schedule C (Form 1040 or Form 1040-SR), Profit or Loss From Business, with your individual tax return for the year you close your business.
The 990 EZ is an annual tax information filing completed by many organizations that fall under the 501(c) series of statuses of the tax code, exempting them from the duty of paying taxes. The 990EZ is just one type of 990, offered for small to mid-sized nonprofit organizations.
There is no direct Form 966 penalty for non-filing or late filing, but by not properly notifying the IRS of a dissolution or liquidation, it may result in collateral damage and other penalties.

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