Question


psu176

When should we file our corporation tax?

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.

10 months ago - 2 answers

Best Answer

Chosen by Asker

You file corporation return each year even if it did no business or the income is zero.

by Jss

10 months ago

Asker's Rating: 

Other Answers

The corporation is required to set up its tax year when filed. You must go by that. It is not always a calendar year.

by Big Woof- 10 months ago