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Business & farm
No, that is not correct. The 1120-S needs to filed, as well as all of the payroll forms (you are an employee of the corporation).
I REALLY recommend going to a tax professional for AT LEAST the first year or two. It is easy to do things wrong with a corporation, and mistakes can EASILY cost you thousands of dollars (for example, the corporate return is probably late, with a penalty of $195 per month).
I REALLY recommend going to a tax professional for AT LEAST the first year or two. It is easy to do things wrong with a corporation, and mistakes can EASILY cost you thousands of dollars (for example, the corporate return is probably late, with a penalty of $195 per month).
‎June 4, 2019
3:13 PM