You'll need to sign in or create an account to connect with an expert.
Yes. You have to file a Form 1120-S regardless of whether the S corporation had income or expenses.
See https://www.irs.gov/instructions/i1120s#idm140155513578672
Also keep in mind that your 2018 S corp return is late; assuming a calendar year end.
And if the above assumption is correct, you have accumulated late filing penalties.
S corporations that fail to timely file their Form 1120S or fail to show required information on the return are liable for a penalty of $200 per shareholder per month or fraction of a month the return or required information is not filed up to a maximum of 12 months.
As a result, I would make sure that this return is filed ASAP.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
teto36
New Member
NancyNH
Level 1
warrenlaufer
New Member
pacotaco1993
New Member
Birdie924
Level 2