IRS Refund Check for Dissolved S Corp

Forum|Forum|2 years ago
December 1, 2023
2 replies
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Received a check from the IRS for 6 months after filing final return and dissolving S Corp. The check is made out to the corporation name, and the bank account has been closed and the bank says there is nothing they can do. I eventually disposed of the check since I had no way to cash it. Now, the IRS realized that I did not cash it and is sending another one to me. Have spent 5 hours trying to contact IRS via phone, mostly on hold that eventually hangs up on me. Is there any way to at all to cash the check, short of re-incorporating and re-opening a bank account, as suggested by the bank manager?

Not A Product Question

Anonymous_

Employee

Keep trying to contact the IRS to get the check re-issued to you as payee. That should not be a huge problem if you are the sole shareholder.

Alternatively, you can try to convince the bank manager (or any other bank manager) to deposit the third-party check in accordance with the articles and laws of dissolution in your state (it's worth a shot) if you're entitled to the proceeds (and no one else is so entitled).

DoninGA

Employee

Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday
When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line.
So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead.
Then press 1 for "form, tax history, or payment".
Then press 3 "for all other questions."
Then press 2 "for all other questions."
- When it asks you to enter your SSN or EIN to access your account information, don't enter anything.
- After it asks twice, you will get another menu.

Press 2 for personal or individual tax questions.
Then press 3 for all other inquiries
It should then transfer you to an agent.

casa10pcAuthor

Amazing detail and helpfulness. Thank you so much! I will try today.

Robin105

You can write to the Depart of the Treasury , IRS, Cincinnati, OH 45999 and ask to have the checks reissued to your personal name. I listed other partners (mine was a LLC) and submitted their names and perentages. I had my partners sign and list their SS#'s and had the letter notorized when partner signed. I don't know if the notorizing was necessary. I received a letter from IRS that the checks would be reissued and I can expect them in the next 2 months.