When should be C-corp's final tax return year?

[hgtc]

C-corp dissolved at 12/31/2024, only bank accounts remained.  They file dissolution with Secretary of State in 2024.

They plan to distribute money to shareholders and close bank accounts in March 2025.

should we mark "final return" for tax year 2024?  Or, company needs to file 2025 tax return when distributions are done?

Thanks.

[sjrcpa · Accepted solution]

2025. They'll need to file 1099-DIVs for the liquidating distributions, too.

[hgtc]

Thanks.