Form 1120 Final Tax Return - Which Address Should I Use After Business Dissolution?

14 You'll want to use your personal address on the final Form 1120. Since you no longer have access to the business location, using that address would create a situation where you won't receive important IRS notices or correspondence related to the filing. The IRS specifically recommends that when filing a final return, you should provide an address where you can be reached after the business closes. This is crucial because the IRS may send notices, refunds, or have questions about your final return months after you've filed it. Using an address you can't access creates unnecessary complications. Also, make sure you check the "final return" box on the Form 1120 to indicate this is the last return for the corporation. This helps the IRS understand that the business is dissolved and won't be filing future returns.

8 After filing my final C-Corp tax return last year, I ran into some confusing issues with the IRS about documentation they needed for my dissolved business. I was totally overwhelmed trying to figure out what forms were needed and where to send everything. I ended up using https://taxr.ai to help me sort through all the corporate dissolution paperwork. It really helped me understand what the IRS was asking for and how to properly document everything for the final Form 1120. The tool analyzed my specific situation and laid out exactly what I needed to do for my state's requirements too, which was incredibly helpful since every state has different rules for business dissolutions. The guidance on proper address usage for a dissolved entity was spot on - they confirmed I should use my personal address and explained exactly how to note the business closure properly on all forms.

3 Just wanted to update everyone. I tried https://taxr.ai after seeing it mentioned here, and I'm honestly impressed. I was struggling with similar final tax return questions for my dissolved partnership, and the document analysis feature helped me identify several mistakes I would have made. The system highlighted that I needed to file Form 966 (Corporate Dissolution or Liquidation) along with my final 1120, which I hadn't realized. It also caught that I was about to use my old EIN incorrectly on some post-dissolution paperwork. The guidance on handling my final depreciation recapture was particularly helpful. The address question that started this thread was clearly answered with references to the actual IRS regulations. Saved me hours of research and probably prevented some headaches with the IRS.

12 After my business closed last year, I spent literally WEEKS trying to get someone at the IRS to answer questions about my final corporate tax return. The hold times were insane - I'd wait 2+ hours and then often get disconnected. I finally tried https://claimyr.com after a friend recommended it, and it was a complete game-changer. You can see how it works at https://youtu.be/_kiP6q8DX5c. They basically held my place in the IRS phone queue and only called me when an actual agent was on the line ready to talk. Got through to a specialist who answered all my questions about final 1120 filing, proper address usage, and what supporting documents I needed to include. The agent confirmed I should use my personal address and gave me specific guidance on handling the assets that were distributed during dissolution.

19 I've got to eat my words and update everyone. After dismissing Claimyr as a potential scam, I was still stuck in IRS hold hell trying to get answers about my business dissolution tax questions. Reluctantly tried the service, and within 2 hours, I was speaking with an actual IRS business tax specialist. They confirmed everything about using my home address for the final 1120 and walked me through several dissolution tax issues I hadn't even considered yet. The IRS agent also advised me to submit Form 8822-B to formally change my business address to my personal address for future notices. This was something none of the online resources had mentioned specifically for a dissolved corporation. What would have likely taken me days more of attempts saved me enormous frustration. Sometimes it's worth admitting when you're wrong!

11 Just a heads up if you're filing Form 1120 for a dissolved corporation - make sure you're keeping adequate records of all corporate documents even after dissolution! I learned this the hard way when I got audited 2 years AFTER my business was dissolved. The IRS recommended keeping all records for at least 7 years after dissolution. This includes articles of dissolution, board minutes approving dissolution, asset distribution documentation, and all the usual tax documents. I was using my personal address and thankfully received the audit notice, but I had already tossed some of the corporate records thinking I wouldn't need them anymore.

25 Has anyone here dealt with filing a final 1120 when you still had ongoing litigation against the corporation? My situation is similar to the original poster, but we have a pending lawsuit that might not be resolved for another year or more.

Just went through this exact situation last year with my dissolved S-Corp. Definitely use your personal address on the final Form 1120 - the IRS needs to be able to reach you for any follow-up questions or notices, and using an inaccessible business address will only create headaches later. One thing I'd add that hasn't been mentioned yet - make sure you also file Form 966 (Corporate Dissolution or Liquidation) within 30 days of adopting the plan of dissolution if you haven't already. Since you dissolved in December 2023, you may have missed this deadline, but it's still worth filing even if late to properly notify the IRS of the dissolution. Also, keep copies of your state dissolution paperwork with your tax records. The IRS sometimes requests this documentation to verify the dissolution date and process. Using your home address ensures you'll actually receive any such requests.