I incorporated an S corp on 11/27/2017 in California due to wrong advices from my CPA. No income, only $700 dollars expense in 2017. My S corp will be dissolved around 1/20/2018 (I have submitted short form dissolution to california FTB). Can I just file FINAL tax return for 2017 tax year? Do I have to file any tax return again for 2018 tax year for period (1/1/2018-1/20/2018) assuming no income, no expense? Thanks for answering my question.
You'll need to sign in or create an account to connect with an expert.
No, you do not have to final a return for 2018 provided you do not have any income, expenses, or conduct business in 2018.
File the appropriate dissolution, surrender, or cancellation forms with the California Secretary of State ("SOS") within 12 months of filing your final tax return. To get the applicable forms, go to the SOS website at sos.ca.gov, and search for terminate entity, or call 916.657.5448.
For more information regarding closing a business in California, please visit the following website:
https://www.ftb.ca.gov/businesses/faq/Closing_a_Business_Entity.shtml
No, you do not have to final a return for 2018 provided you do not have any income, expenses, or conduct business in 2018.
File the appropriate dissolution, surrender, or cancellation forms with the California Secretary of State ("SOS") within 12 months of filing your final tax return. To get the applicable forms, go to the SOS website at sos.ca.gov, and search for terminate entity, or call 916.657.5448.
For more information regarding closing a business in California, please visit the following website:
https://www.ftb.ca.gov/businesses/faq/Closing_a_Business_Entity.shtml
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Armed_IRS_Agent_Bob
New Member
neisha-smith
New Member
copelandgregory125
New Member
a057655
New Member
kellysellslia
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.