IRS GUIDANCE ON SMALL BUSINESS CLOSURES - October 8, 2020
COVID-19 has hit small business particularly hard, and forced many to close their doors. Whether you are closing your business as a result of the current pandemic or for reasons such as retirement or starting a new business venture, there are specific steps the IRS requires you to follow. Information on business closures by type as well as links to all required forms are available on the IRS website at: https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business.