http://www.moneysnatchers.com/news/do-i-need-to-file-a-tax-return-for-a-s-corporation-with-no-activity/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneysnatchers.com/news/do-i-need-to-file-a-tax-return-for-a-s-corporation-with-no-activity/#comment-51 avataz_99 Wed, 20 May 2009 21:48:06 +0000 http://www.moneysnatchers.com/united-states/do-i-need-to-file-a-tax-return-for-a-s-corporation-with-no-activity/#comment-51 Yes sir, you do. There are several reasons for this. One, you and your wife have to pay taxes on that 10$. So what happens is that you each get a K-1 stating that you got 5$ interest income from you S Corp. The second reason that you file is because you are probably still required to pay your state's minimum taxes, which are deductible on the federal return. This in turn can create a decuctible loss on your 1040. If you want, you can email me with further specifics Yes sir, you do. There are several reasons for this. One, you and your wife have to pay taxes on that 10$. So what happens is that you each get a K-1 stating that you got 5$ interest income from you S Corp. The second reason that you file is because you are probably still required to pay your state’s minimum taxes, which are deductible on the federal return. This in turn can create a decuctible loss on your 1040. If you want, you can email me with further specifics

]]> http://www.moneysnatchers.com/news/do-i-need-to-file-a-tax-return-for-a-s-corporation-with-no-activity/#comment-50 bostonianinmo Tue, 19 May 2009 14:44:16 +0000 http://www.moneysnatchers.com/united-states/do-i-need-to-file-a-tax-return-for-a-s-corporation-with-no-activity/#comment-50 Corps must file tax returns every year, regardless of revenue, profit or loss. You file Form 1120-S, same as always. Corps must file tax returns every year, regardless of revenue, profit or loss. You file Form 1120-S, same as always.

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