Opus 17
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Get your taxes done using TurboTax


@ApolloF wrote:

So for my business which is currently not open for business and only has startup expenses, do I have to file a schedule C this year (there is only one member)? Note that my business has a federal EIN, so is the IRS expecting me to file even during the startup phase? And if I do file, I presume I don't list my business expenses this year?


If your business is not ongoing as a business activity, you don't have anything to file.  The IRS does not require that you file just because you have an EIN.  You file if you have business activity to report (profit or loss). 

View solution in original post