Where to find 1120-S and K-1 forms for 2024 tax year right now for S-Corp dissolution?

You actually have a couple options here! The IRS doesn't expect you to use forms that aren't available yet, so don't worry. First, you can use the current 2023 forms (1120-S and K-1) but clearly mark them as "FINAL RETURN" at the top. Just make sure to include a statement explaining that these are for the short tax year in 2024 leading up to your dissolution date. The IRS understands this situation happens frequently with business closures. Alternatively, you could wait until the 2024 forms are released (usually in December or January) and then file within 3 months of your dissolution. The key thing is documenting when your S-Corp officially dissolved. Remember that Form 966 needs to be filed within 30 days of adopting the dissolution plan, not necessarily when you've completed the dissolution process.

After struggling with almost this exact situation last year, I found taxr.ai to be incredibly helpful. I was confused about which forms to use and when to file them for my S-Corp dissolution. I uploaded my previous year's tax documents to https://taxr.ai and it analyzed them and gave me step-by-step guidance for the dissolution process. The tool actually flagged that I needed to make sure I had filed my state level dissolution paperwork before submitting the federal forms, which I had completely overlooked. It also provided a checklist of forms needed and the correct sequence for filing them. Saved me from making some potentially costly mistakes!

Just wanted to update everyone - I tried taxr.ai after seeing the recommendation here and it was actually really helpful for my situation. I uploaded my previous S-Corp returns and some dissolution documents, and it gave me a complete walkthrough of what I needed to do. The most valuable part was the sample letter it created explaining why I was using 2023 forms for a 2024 dissolution - I wouldn't have known how to word that properly. It also provided a full checklist with both federal and state requirements (I'm in Texas) with links to all the forms. Definitely saved me from having to hire someone to replace my accountant while she's out. Just wanted to share since I was in the same boat as the original poster.

If you're having trouble getting through to the IRS for guidance on this (which is really common these days), I highly recommend using Claimyr to schedule a callback. I wasted 4 hours on hold with the IRS business line trying to get clarity on a similar S-Corp dissolution issue before I found this service. I used https://claimyr.com and their system got me a callback from the IRS in about 90 minutes. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c - basically saves you from waiting on hold forever. The IRS agent I spoke with confirmed exactly what others have said here - use the current year forms and mark them as final.

I have to eat my words about both services mentioned. I was super skeptical about Claimyr, but after another failed attempt to reach the IRS myself (2+ hours on hold before being disconnected), I gave it a try yesterday. It actually worked! They got me a callback from the IRS Business & Specialty Tax line in about 2 hours. The agent confirmed I could use 2023 forms for my 2024 S-Corp dissolution as long as I clearly marked them as final and included a statement explaining the timing. She also pointed out that I needed to check if my state (Washington) requires a tax clearance certificate before dissolution can be completed - something I wouldn't have known to look for. Honestly worth every penny just for that piece of advice.

Something important to consider that nobody's mentioned yet - make sure you've filed all required S-Corp returns for previous years before dissolving. The IRS will reject your dissolution if you have any missing returns. I learned this the hard way when I tried to dissolve mine in 2022. Had to scramble to file a missing 2020 return first, which delayed everything by months.

Another thing to consider - if you have zero activity, you can file for "Administrative Dissolution" in many states which is much simpler than the full process. Basically you stop filing annual reports with the state and they eventually dissolve you automatically. Downsides: 1) Takes longer 2) You might get hit with penalties before dissolution 3) Still need to file final federal returns But some people find it easier than the formal process.

I went through this exact same situation last year with my dormant S-Corp. One thing that really helped me was creating a dissolution timeline and checklist before starting anything. Here's what worked for me: 1. First, I verified all prior year returns were filed (as Hassan mentioned - super important!) 2. Filed Form 966 within 30 days of formally adopting the dissolution plan 3. Used 2023 forms for my final 1120-S and K-1, clearly marked "FINAL RETURN - SHORT TAX YEAR" at the top 4. Attached a brief statement explaining the dissolution date and why I was using prior year forms The key thing I learned is that the IRS is very familiar with this timing issue. As long as you're clear about what you're doing and why, they handle it routinely. One tip: even though there was zero activity, I still had to complete all the required sections of the forms. Don't leave anything blank - put zeros where appropriate and make sure all signature lines are completed. The IRS can reject incomplete forms even if the amounts are all zero. Also double-check your state requirements! Some states want you to file state dissolution paperwork before the federal forms, others don't care about the order.