Form 966 Certified Copy of Resolution

What is the Form 966 Certified Copy of Resolution

The Form 966, also known as the certified copy of resolution, is a document filed with the IRS by corporations to officially notify the agency of a corporate dissolution. This form is crucial for ensuring that the IRS is aware of a corporation's decision to dissolve and that all tax obligations are settled. It serves as a formal declaration of the corporation's intent to cease operations and outlines the resolutions adopted by the corporation's board of directors or shareholders regarding the dissolution.

Steps to Complete the Form 966 Certified Copy of Resolution

Completing the Form 966 involves several key steps to ensure accuracy and compliance with IRS requirements:

1. Gather necessary information: Collect details such as the corporation's name, Employer Identification Number (EIN), and the date of dissolution.
2. Prepare the resolution: Draft the resolution that outlines the decision to dissolve the corporation, including the approval from the board of directors or shareholders.
3. Fill out the form: Complete the Form 966 with the gathered information and attach the certified copy of the resolution.
4. Review for accuracy: Double-check all entries for correctness to avoid delays or issues with processing.
5. Submit the form: Choose your preferred submission method, whether online or by mail, and send the completed form to the IRS.

Legal Use of the Form 966 Certified Copy of Resolution

The legal use of the Form 966 is to formally document a corporation's decision to dissolve and to notify the IRS of this action. Filing this form is essential to prevent any future tax liabilities and to ensure that the corporation is officially recognized as dissolved. It is important that the resolution is properly certified and that the form is submitted in accordance with IRS guidelines to maintain compliance with federal regulations.

Filing Deadlines / Important Dates

When filing the Form 966, it is important to adhere to specific deadlines to avoid penalties. Generally, the form should be filed within thirty days after the resolution to dissolve the corporation is adopted. Failure to file within this timeframe may result in complications regarding the corporation's tax status and potential penalties. It is advisable to consult IRS guidelines for any updates regarding deadlines or specific circumstances that may affect filing times.

Form Submission Methods (Online / Mail / In-Person)

The Form 966 can be submitted through various methods, depending on the preferences of the corporation. Options include:

• Online submission: Corporations may use electronic filing options available through authorized e-filing services.
• Mail: The completed form can be printed and sent to the appropriate IRS address via postal service.
• In-person: Corporations may also choose to deliver the form directly to an IRS office, though this method is less common.

Who Issues the Form

The Form 966 is issued by the Internal Revenue Service (IRS). It is a required document for corporations that are dissolving and must be completed in accordance with IRS regulations. The IRS provides guidelines on how to fill out the form and the necessary accompanying documentation to ensure proper processing.