S Corp dissolved 13 years ago - need advice
We dissolved our S Corp 13 years ago in Florida. All debts, etc were handled and it was dissolved properly by our accountant at the time. We had a few outstanding judgments owed to the S corp at the time but honestly thought they would never be collected. Well lo and behold someone who owed us (the S corp) money has come out of the woodwork and wants to satisfy the judgment. We were the only 2 shareholders in our S corp. I am not sure how to handle the receipt of the money for tax purposes (assuming the person actually follows through and sends the money). I have asked for the check to be made payable to the business name and my husbands name (so that it can be deposited and so that I can do a proper Satisfaction of Judgment). Do I just claim it as personal income? Do I do nothing with it? We ran our books as cash basis (if I remember correctly). I usually handle our taxes now because they are not that complicated, but not sure how to proceed with this. Thanks!
