IRS Tax Tip – What business owners need to do when closing their doors for good
2022-08-10 There are a few things business owners need to do before they close their business ( https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business ). Of course, they need to fulfill their federal tax responsibilities. It’s also important to notify the IRS of their plans. http://ow.ly/ZOfq50KbJYC Business owners must take these steps when closing a business: File a final tax return and related forms. The type of return to file and related forms depends on the…