topic Re: 2019 in Business & farm

2019

Lawsonsbarn — Mon, 05 Oct 2020 16:55:57 GMT

I paid no salaries or wages in 2019. Do I still have to file 1120S?

Re: 2019

Anonymous_ — Mon, 05 Oct 2020 18:25:17 GMT

Are you asking whether or not you need to file an income tax return (Form 1120-S) for an S corporation?

It does not matter whether or not the corporation paid salaries or wages in 2019, a Form 1120-S is required to be filed if the entity elected to be an S corporation (by filing Form 2553) and the election remains in effect.

See https://www.irs.gov/instructions/i1120s#idm139641016872208

Re: 2019

AmeliesUncle — Mon, 05 Oct 2020 21:28:33 GMT

... and assuming it is a calendar year tax return, it is now late, with penalties.