turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SabrinaD2
Expert Alumni

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

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

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question