What forms does a First Year SCorp need to file?

The Scorp was started at the end of Oct 2021. None of the invoices billed for IT services work was cleared till Jan 2021 so there was no income in 2021. The payroll processing began in 2022.

Before the final efile turbotax has a question about "Check any boxes for other returns this Scorp is required to file"

The choices are 720,940,941,943,944,945,990,1042,NA. Not clear what should be selected on this page.

Thanks

213

Level 8

Apr 12, 2022 9:38:30 AM

This year, you would need to file quarterly 941's, but you would use a payroll company throughout the year to do it. The 940 would be generated from that.

At the time of this tax return, nothing would have been needed to be filed, because you didn't have payroll and you aren't a non-profit.

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What forms does a First Year SCorp need to file?