Indiana Notice of Corporate Dissolution Liquidation or Withdrawal
Extracted from PDF file 2019-indiana-form-it-966.pdf, last modified June 2019
Notice of Corporate Dissolution Liquidation or WithdrawalIT-966 State Form 50150 (R5 / 8-19) Indiana Department of Revenue Notice of Corporate Dissolution Liquidation or Withdrawal (Required under IC 6-8.1-10-9) Name of Corporation Federal Employer Identification Number Address Indiana Taxpayer Identification Number City, State and ZIP Code Type of Indiana Corporate Return Filed Date Incorporated Market Value of Corporate Assets State of Incorporation Corporate Liabilities Type of Liquidation Last Month, Day and Year of Final Tax Year □ Partial □ Complete Date of Dissolution Was corporation’s final return filed as part of a consolidated income tax return? □ Yes □ No Name of Common Parent Federal Employer Identification Number Date of Any Amendments to Plan of Dissolution Section of the Internal Revenue Code Under Which the Corporation is to Be Dissolved or Liquidated Under the penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Signature of Officer: _____________________________________ Title:_____________________ Date:________________ Use additional sheets if necessary. Name of Corporate Officer/Shareholder Address of Corporate Officer/Shareholder Social Security Number The following information must be attached to this form: (1) A copy of the minutes of the shareholders’ meeting at which the plan or resolution was formally adopted. (2) A copy of the corporation’s certificate of dissolution or a copy of the corporation’s certificate of withdrawal. (3) A complete explanation of the plan or resolution. (4) A copy of the final corporate returns, both Federal and State. Instructions for Completing Form IT-966 This form is required for all corporations and or organizations dissolving or liquidating in Indiana. For any questions regarding this form, you may call (317) 232-0129. A Power of Attorney (POA-1) is needed if someone other than a corporate officer requests a clearance for a corporation or organization effecting dissolution, liquidation, or withdrawal. Mail the form to: Indiana Department of Revenue Enforcement Division/Corporate Dissolutions 100 North Senate Ave., Room N241 Indianapolis, IN 46204-2253 A corporation may formally request the department issue a clearance to a corporation effecting dissolution, liquidation, or withdrawal if: 1. All necessary tax returns (including the final tax return) have been filed in a timely manner. 2. All tax payments and liabilities due or determined due to the department have been paid. 3. The form of notification (Form IT-966) was filed with the department within thirty days of the issuance of a certificate of dissolution, decree of dissolution, the adoption of a resolution or plan, or the filing of a statement of withdrawal. The request for clearance must be made in writing by the officers and directors of the corporation within thirty days after the filing of the form of notification with the department. The issuance of a clearance under IC 6-8.1-10-9(g) releases the officers and directors from personal liability under IC 6-8.1-10-9. If the corporation does not request the department issue a clearance to a corporation effecting dissolution, liquidation or withdrawal, the department has one year from the date of this form or the filing of all necessary tax returns, including the final tax returns, whichever is later, to assess any tax or liabilities that may be due the department. The corporate officers, directors remain personally liable for any acts or omissions that result in the distribution of corporate assets before all state or county tax liabilities have been satisfied. An officer or director held liable for an unlawful distribution under IC 6-8.1-10-9 is entitled to contribution from every other director who voted for or assented to the distribution and from each shareholder for the amount of distribution accepted by the shareholder. A nonprofit organization that is dissolving, liquidation or withdrawing from Indiana must file Form IT-966. If the nonprofit organization requests clearance be issued, the not for profit organization must be duly registered with the department and have filed all necessary Forms NFP-20 and IT-20NP, if applicable.
More about the Indiana Form IT-966 Corporate Income Tax TY 2019
We last updated the Notice of Corporate Dissolution Liquidation or Withdrawal in March 2020, so this is the latest version of Form IT-966, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form IT-966 directly from TaxFormFinder. You can print other Indiana tax forms here.
Other Indiana Corporate Income Tax Forms:
|Form Code||Form Name|
|IT-20S Booklet||Current Year S Corporation Income Tax Booklet with Forms and Schedules|
|Form NP-20||Nonprofit Organization's Annual Report|
|IT-65 Booklet||Current Year Partnership Return Booklet with Forms and Schedules|
|Form AD-19||Affidavit for Reinstatement of Domestic Corporation|
|IT-20S Form||Current Year S Corporation Income Tax Forms and Schedules|
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IT-966 from the Department of Revenue in March 2020.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Indiana Form IT-966
We have a total of nine past-year versions of Form IT-966 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Indiana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.