IRS, Closing a business: check state duties, name the person keeping the payroll records, keep employment tax records four years (IRS, Closing a business, steps 2 and 6)
A closing employer names, on its final payroll return, the person who will keep the payroll records and where. State duties come on top of the federal ones.
Dated 31 Oct 2026Source checked 31 Oct 2026Basis: primary text
Selling a company's data? This is one of the rules a sale has to meet, and the guide beside the button reads it in plain words.
- No data upload
- About two minutes
- No email needed
In the source's own words
“Remember to check your state responsibilities when closing a business. ... Attach a statement to the return showing the name of the person keeping the payroll records and the address where those records will be kept. ... Employment tax records: Keep all records of employment taxes for at least four years.”
Figures it counts in
It is shown on its own, not counted into a figure.
Cited in this guide