Help - I have no business saavy. That is why I went back to working for the “man”.
I created an “s” corp in 2005. Did some business that year and filed my taxes. In 2006, I did no business. Do I need to file a tax return showing zero activity? If I just cease to file what are the consequences? Is there an official way to dissolve a corp?
Are you in Indiana?
You safest bet would be to contact a lawyer who deals with corporations and have them handle it. If you have a CPA, they could probably point you in the right direction.
Nope - NC. Guess my handle should be TarheelMama or ExHoosierMama 
This has been a do it yourself thng all along. Too cheap and poor for lawyers 
I have nothing to add. I have no business sense either, and have never formed or been part of a corporation of any type (other than an employee/contractor/hired-hand)
You can get a Dissolution form from the NC Secretary of State. I’d start there - but you could always have your lawyer do everything for you. As for taxes, I’d speak with a CPA to see what steps you need to take.
This might be the time to cough up the dough to have this done correctly. You’ll wish you had when the Dept of revenue (fed and state) come looking for you in a few years.
If I where you, I would make a few calls and find out how much it would cost to have it done right. At least then you’ll have some recourse if there’s a problem done the line. I would do it before April 17th as well.
Doctor Who has given you the dissolution form. What follows is not legal advice:
Many states require a corporation to be current on its annual reports (North Carolina Secretary of State) and state franchise (Home Page | NCDOR) and corporate tax (Home Page | NCDOR) returns before they will accept a dissolution.
In many states there is a minimum tax, even if the company does no business in the state. You can’t assume inactivity=don’t have to file or pay anything.
I’m going to echo what others have said. Your best bet is to talk to a lawyer or an accountant in your jurisdiction. If you absolutely can’t do that, call the secretary of state and the department of revenue and ask them as many questions as you can. While you are at it, you’ll want to check out the IRS website and perhaps call someone there, too. Also visit your local law library. Most have books on small business law that are tailored to your jurisdiction and written for non-lawyers. Still you’ll be taking some chances doing it that way. You’d be better served to talk to a professional.
I always find that Hydrochloric acid works best. Sulfuric’s a bit too strong, acetic too weak. And definitely stay away from hydrofluoric!