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    jmbush08's Avatar
    jmbush08 Posts: 1, Reputation: 1
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    #1

    Jan 28, 2013, 01:52 PM
    1120s
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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