Is there a dollar amount for the amount of funds received that a 1120S no longer needs to be filed?

[rjgagency]

The total receipts for my S-Corporation for 2016 was only $895.

[ToddL · Accepted solution]

Unfortunately, there isn't a threshold income to meet before you have to file an S-Corp return.

From the IRS Instructions for Form 1120-S:

A corporation or other entity must file Form 1120S if (a) it elected to be an S corporation by filing Form 2553, (b) the IRS accepted the election, and (c) the election remains in effect. After filing Form 2553, you should have received confirmation that Form 2553 was accepted. If you didn't receive notification of acceptance or nonacceptance of the election within 2 months of filing Form 2553 (5 months if you checked box Q1 to ask for a letter ruling), take follow-up action by calling 1-800-829-4933. Don't file Form 1120S for any tax year before the year the election takes effect.