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Get your taxes done using TurboTax
If it is an S corporation, you may be subject to significant fines if you file a tax return late, so that is not a good idea if you can avoid it.
Technically, you need to file a corporate tax return for any year you are in business. Being in business may be as simple as being legally registered as a corporation or having corporate assets, even if you have no income.
Since there is no penalty for filing a late C corporation return, you are OK not filing the back returns from a penalty perspective.
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‎April 1, 2022
5:41 AM