Hi Tax Expert,
I have No Income and No Expenses during 2024 for my S Corp, and I have Retirement benefits from SSA and Property rental income. For S Corp Tax Return and My personal income Tax with Filing status with my spouse Jointly, what are the IRS Forms I should submit.
Question:
1. I just came to know the deadline to submit S Corp income tax is on March 17, 2025. What is the penality for late submission for S Corp with no income during 2024.
2. What will be the approximate income during 2024 personal tax for income 27,000 + 21,000 Total income $48,000 for my retired situation. Both are not earned during 2024, spouse is a home maker.
3. Which is the product I should use for above said both points.
Regards,
David
