ErnestoF4
Expert Alumni

Business & farm

Yes, you should file. The IRS is expecting a tax return once you are issued an employer identification number (EIN) for business entity like a C corporation (Form 1120). Sometimes based on the EIN being issued the IRS will send out notices that you have not filed. Furthermore, some states, like California, charge fees like franchise fees that are due even if the tax filing is a zero return (or not open for business).