Page 54 - Tax Information for Business

Closing a Business (1/2)

Closing a business

Closing your business can be a difficult and

challenging task. The IRS has resources that

can help you navigate this. On this page, you’ll

find the steps you’ll need to take to close your

business from a federal tax perspective

regardless of your business type and

information to help you take care of your

employees.

Whether a sole proprietorship, partnership or

corporation, information on this page will help

you understand what to file and how to report

income you receive and expenses you incur

before closure. Remember to check your state

responsibilities when closing a business.

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