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Welcome to the Community, @patricia-martin.
I can share some information on how to process an employee's final payroll and generate a Statement of Final Return.
There are two ways to generate the form. If you are processing a final payroll for a deceased employee, you can follow the steps below:
However, if you're closing or selling your business, there's no specific format for submitting your Statement of Final Return. It would also be best to consult your accountant to guide you in creating one.
For additional insights, you may check out the IRS checklist on Closing a business.
I'm also adding this article as your reference in case you'll need to create final paychecks for terminated employees.
Keep sharing some more of your concerns, @patricia-martin. I'm always around here to help you with your next posts.
Welcome to the Community, @patricia-martin.
I can share some information on how to process an employee's final payroll and generate a Statement of Final Return.
There are two ways to generate the form. If you are processing a final payroll for a deceased employee, you can follow the steps below:
However, if you're closing or selling your business, there's no specific format for submitting your Statement of Final Return. It would also be best to consult your accountant to guide you in creating one.
For additional insights, you may check out the IRS checklist on Closing a business.
I'm also adding this article as your reference in case you'll need to create final paychecks for terminated employees.
Keep sharing some more of your concerns, @patricia-martin. I'm always around here to help you with your next posts.
For anyone else looking for this template, it's on page 3 of this PDF:
https://bofa.onlinepayroll.intuit.com/in/support/GuidetoClosingYourBusiness.pdf
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