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Does an S Corporation have to file a Schedule K-1 after it has filed for bankruptcy?
Wiki User
∙ 16y ago
Absolutely. The filing of bankruptcy does not alter your obligation to report and file taxes, except perhaps to make it more nessasary. The IRS is a creditor, your return is what will be used to determine how much they have a right to file a claim for. If you do not file, they will either determine your tax....(a bad thing)...and file a claim, or you may not relieve the tax in bankruptcy and be liable in the future. Agreeably, you may have losses, and not have a tax or income to pass to the shareholders...but you would have a loss to pass on.
Wiki User
∙ 16y ago
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Did Deltona Corporation file bankruptcy?
No they never did file for bankruptcy
Did the claremont hotel file bankruptcy?
Yes, the Claremont hotel filed for bankruptcy.
If you filed bankruptcy in 1995 can you file again in 2007?
Yes.
If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?
Yes.
Can you file for bankruptcy if you have a second mortgage?
Bankruptcy is of an individual or a corporation can not distinguish between creditors.
Can you apply to become an attorney if you have personally filed for bankruptcy in the past?
Yes, but you have to provide a copy of your bankruptcy file.
What is personal Bankruptcy?
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
Am I required to retain a bankruptcy attorney if I want to file for bankruptcy?
Yes you will need an attorney to file for bankruptcy and deal with the court. As an individual you will not be able to schedule hearings, etc as necessary to do the bankruptcy.
In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
Can you file bankruptcy if I am not in Canada?
I guess so. My uncle filed for bankruptcy and he's never been to Canada in his life.
Can you file bankruptcy on the IRS in Washington state?
No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.
Tax form who can file Net profit from business?
Schedule C is to be filed by those who are in business as a sole proprietor. or in business as a single member LLC which has not elected to be taxed as a corporation.
