jmbush08
Jan 28, 2013, 01:52 PM
I am preparing a final year return for a Company going out of Business and having trouble zero out depreciation and retained earnings. Can anyone help me?
AtlantaTaxExpert
Jan 28, 2013, 10:27 PM
That is a very technical issue for a subchapter S corporate return.
You need to contact a CPA or enrolled agent to prepare such a return if you are not SURE how to do it. It may cost you anywhere from $500 to $1,000, but it will be worth it to avoid potential HEADACHES that an IRS audit would produce.