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Boston Massachusetts Form 966: What You Should Know
The corporate record must be maintained, and no notice or filing with the Secretary of State is necessary. Corporations may complete Form 966 (or any successor form), or any successor form for a particular fiscal year, on the last day of the company's fiscal year. Corporations must file Form 966 (or any successor form) by the last day of the corporation's fiscal year. Corporations must file Schedule K if filing Form 966 (or any successor form) for the corporation's fiscal year ending in the second calendar year of the corporation's existence but ending in the same calendar year as the year of its dissolution. If the corporations is a foreign corporation, the filing requirements are subject to the foreign tax directive (Public Law 98-473) under section 7602 of the United States Internal Revenue Code.  Corporations that are filing Form N-1 or NOL-1 may complete Form 966 (or any successor form) by filing Schedule K, unless the dissolution will cause the corporation to fail to register in the Commonwealth by June 30 of the year following the year of dissolution. Companies must file Form 966 by the date specified in the title, by the end of the third month following the date of the corporation's filing of consolidated financial statements. These requirements do not apply if the corporation had filed a voluntary dissolution under § 516C of the Code. If you are a state resident corporation seeking a federal excise tax deduction in an amount of 500 or less to be deposited in a corporate retirement plan, report the corporation's Form 966 filing as a Form 1120 (or 1120S) or a Form 1003 (or a Form 1441(A)) with the IRS. If you are a nonresident corporation for purposes other than a tax year ending in a calendar year within the year of dissolution, report the dissolution on a separate line of Form 1120, N-1, LLC, or 1099. Articles of Voluntary Dissolution by WF Galvin · Cited by 8 — For Corporations (including for Schedule N) or Joint Venture Public Limited Partnerships on or before the last day of their fiscal year. For corporations (including for Schedule N) or Joint Venture Public Limited Partnerships on or before the last day of their fiscal year (i.e., the last business day of the fiscal year).
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