miatax Posted September 12, 2009 Report Share Posted September 12, 2009 Accrual Basis Taxpayer wants to close company for 2008. Bank accounts were closed, however he did have a $400 business loss (licenses / professional fees) on his K-1. Only item on the 1120S at the end of 2008 is this liability & expense which he paid personally in 2009. Can I still file his 1120s as final for 2008 just for that or does he need to file a 2009 1120s since that is when he paid the liability for the company? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted September 12, 2009 Report Share Posted September 12, 2009 File it as final in 2008. Just don't deduct it in both years. Quote Link to comment Share on other sites More sharing options...
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