ColeenD3
Expert Alumni

Business & farm

There is no TurboTax program that is just for a state. They all include the Federal.

 

Per the IRS:

 

Question

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?

Answer

Partnerships and corporations have different standards for filing an information return or income tax return.

  • A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
  • A foreign partnership generally must file an information return if:
    • It has gross income effectively connected with the conduct of a trade or business within the United States,
    • It has gross income derived from sources in the United States, or
    • It is making an election, such as an election to amortize organization expenses.

Refer to the Instructions for Form 1065, U.S. Return of Partnership Income for exceptions to filing requirements.