turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

Are business taxes still owed if no work was done in the 2nd year of business?

 
Connect with an expert
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.

3 Replies

Are business taxes still owed if no work was done in the 2nd year of business?

What tax form does the "business" file ?    A 1065, an 1120, an 1120S or a Sch C ? 

Carl
Level 15

Are business taxes still owed if no work was done in the 2nd year of business?

Weather work was done or not doesn't matter. If the business received income in the quarter, then most likely a quarterly tax payment is due for that quarter. It just depends on to many factors to give a definitive answer.

 

 

Anonymous
Not applicable

Are business taxes still owed if no work was done in the 2nd year of business?

it also depends on what you mean by business taxes.   certain entities must pay franchise and/or licensing taxes. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies