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:
- Go to the Payroll menu, then choose Employees.
- Pick the name of the employee on the list, then select the edit (pencil icon) beside Employment.
- Under Status, select Deceased on the dropdown menu, then click Done.
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.
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