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I started a S-Corp that never did business. Do I need to file a return or can I mail the IRS and say this business never started and close my account?

Forum|Forum|7 years ago
June 3, 2019
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I started a S-Corp because I was trying to get leased with FedEx ground. They only lease with Corporations not LLC's. However, I never got picked up and now I just want to close the Corp. I never did any business so I have 0 income and 0 expenses. What forms do I need to file if any? Thank you

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Best answer by MinhT1

You should file a tax return for your S-Corp (form 1120S) reporting 0 income and 0 expenses and indicate on it that it is the final return by checking the box Final return.

https://www.irs.gov/pub/irs-pdf/f1120s.pdf

M

MinhT1Answer

You should file a tax return for your S-Corp (form 1120S) reporting 0 income and 0 expenses and indicate on it that it is the final return by checking the box Final return.

https://www.irs.gov/pub/irs-pdf/f1120s.pdf

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