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- 1). For a business that has employees, file final employment tax returns and make final federal tax deposits of these taxes. Attach a statement to the return naming the person keeping the payroll records and where they will be kept in the future.
- 2). Check the box on the final tax return for a partnership, corporation, S corporation, limited liability company or trust that says this is the final return. File returns that report the disposal of property belonging to the business.
- 3). Issue final wage and reporting information to employees if necessary. Report the information from their W-2's to the federal tax office.
- 4). Report capital gains and losses, as well as partner's or stockholder shares received. File the final employee pension plan if a pension or retirement plan was in place.
- 5). Report payment schedule to sub-contractors and then report to the IRS. Report whether the corporation was dissolved if necessary. Send in information regarding the sale of final business assets as well as any property.
- 6). Notify the registration section of the Michigan Department of Treasury that the business is being closed by filling out a notice of change or discontinuance form, or by sending a letter that includes information on the discontinuance of the business along with account information.
- 7). Pay all state taxes that are due to the Michigan Department of Treasury.
Michigan Department of Treasury
Registration Unit
P.O. Box 30778
Lansing, MI 48909
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