ADDRESS FOR S-CORP WHICH CLOSED ON 01/25/2025

[HOPE2]

 Hi to all.

CA S-Corp closed on 01/25/2025 and was domesticated in VA on 01/25/2025. The last earned income was in December 2024 for CA. The owner filed Form 8822, and the S-Corp was registered in the state of VA on 01/26/2025.

For CA, 2024 should be considered the final return.

Now I am confused about which address to use on the CA return. I have entered the CA entity number at the top of Form 100-S. Should I use the CA address on the 100-S and leave the VA address for the 1120-S? I tried to changes address on 100-S keep CA address but  did not allow me to do it.

Thanks for help

[sjrcpa]

Use the address where correspondence regarding the return should be sent.

[George4Tacks]

I believe you also need to dissolve the corporation with California.

https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/june-2021/closing-a-ca-business-entity.html

[abctax55]

Closed 1.25.25....  I'm not sure I agree that 2024 would be the final CA return for the Corp.  Spidell should be able to help you research that.

[sjrcpa]

I'm pretty sure CA would want at least its minimum $800 for 2025.

[HOPE2]

Client did that, dissolved it in secretary of state of CA, so just let me what address should be on 1120-S and 100-S.

Ok, let's assume, if dissolved happened on 12/31/2024 what address should be on 1120-S and 100-S?

[HOPE2]

If put CA address no one in there to pick up any letter, if put VA address no problem with IRS, but CA 100-S should have the same I mean VA address.

Ok, let's assume, if dissolved happened on 12/31/2024 what address should be on 1120-S and 100-S?

[HOPE2]

If so, 100-S on the top does have entity number from CA  but address is business address of VA ??!!!

is this ok?

[George4Tacks]

YES.

[George4Tacks]

The date makes no difference. Never use an address that won't receive nasty grams from any agency on a tax return. Use the VA address, or one in HI. Just make sure it will be valid for a few years to get mail about the entity. 

[HOPE2]

Thanks@George4Tacks. Do you think if on 01/29/2025 CA S-Corp terminated , can be this return as final return for CA or next year would be better.

[George4Tacks]

Yes. Review what date it will be due. Review dissolution. Probably paper return on 2024 software with a dark pen to annotate it is 2025.

[HOPE2]

Sorry I did not get that.