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J
j_caramanzana
March 9, 2025
Question

If my s corp business did not earn income as in zero income for the year , do I need to file taxes ?

  • March 9, 2025
  • 1 reply
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    1 reply

    S
    SabrinaD2
    March 9, 2025

    Yes, you generally need to file taxes for your S corporation even if it did not earn any income for the year.

    Explanation:

    • Form 1120S: The IRS requires all S corporations to file Form 1120S annually, regardless of income. 
    • Additionally, some states may have their own filing requirements and mandatory minimum taxes, even if there is no income.

    For more detailed information, you can refer to the IRS S Corporations page

    and the UpCounsel guide on filing taxes for an S Corp with no income

     

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