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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 04-23-2012, 05:27 PM
j8h9 j8h9 is offline
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Join Date: Oct 2007
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Exclamation Old Business account funds

I have money in a non-interest bearing business account for an old consulting company I owned. The corp is no longer active. What do I do with this money? It was my business? Do I just sweep it to me and declare as revenue and pay the taxes? I have a new business. Can I transfer from one subchap S corp to another if I own both?

Seeking small business account in Northern Illinois...
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