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Can I file Chapter 7 for an S corporation that has no assets and no money, but owes 2004 (California) minimum tax of $800 plus penalties?

April 26, 2017assets California chapter 7 corporation file minimum money owes

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Can I file Chapter 7 for an S corporation that has no assets and no money, but owes 2004 (California) minimum tax of $800 plus penalties?

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AnswerI’m not a bankruptcy attorney. It seems to me it would cost less to pay the tax and terminate the corporation before the end of this year to stop the expense. QuestionWe lost $2 million in the stock market over the last two years. I need money to pay bills. I have money in my wife’s Roth IRA, my Roth IRA, or my SEP IRA.