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When should we file our corporation tax?
Posted by admin on Mar 11th, 2009
psu176 asked:
We received our articles of incorporation approval in mid-nov. We received our FEIN under the assumption of starting by mid Dec. Unfortunately, we had to push back that date to March 1st. Now we had already received the paper stating that we had to file our corporation tax by March.Do we still file it even though the corp made no money. The money going out was out of our own pockets (wouldn’t we file that with our personal taxes?) If we do still file our corp taxes how much should it cost (roughly)? Lastly we are eligible for a 501(c)(3) status, but we have not been officially given it. Does that have much effect? Any info would be helpful.
We received our articles of incorporation approval in mid-nov. We received our FEIN under the assumption of starting by mid Dec. Unfortunately, we had to push back that date to March 1st. Now we had already received the paper stating that we had to file our corporation tax by March.Do we still file it even though the corp made no money. The money going out was out of our own pockets (wouldn’t we file that with our personal taxes?) If we do still file our corp taxes how much should it cost (roughly)? Lastly we are eligible for a 501(c)(3) status, but we have not been officially given it. Does that have much effect? Any info would be helpful.
You file corporation return each year even if it did no business or the income is zero.
The corporation is required to set up its tax year when filed. You must go by that. It is not always a calendar year.