My boss owned another company, but he shut it down in June, 2009. He had a business checking account, which he also closed. Last December, he received a tax refund check for $2984.00 payable to that company’s name from the IRS. Can he reopen that account without any documents, or what does he need to do? His CPA already reported to the IRS and the state that the company legally closed.
Untitled
It's unlikely that he will be able to reopen the business account if the business no longer exists. You mention a CPA. Perhaps your boss can ask the CPA for a suggestion on how to handle the check, or contact the IRS to explain his problem.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
It's unlikely that he will be able to reopen the business account if the business no longer exists. You mention a CPA. Perhaps your boss can ask the CPA for a suggestion on how to handle the check, or contact the IRS to explain his problem.
