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anil
New Member

I formed a company recently and have no income or expenses to report, how can i file return for free?

turbotax is taking the fees assuming i am doing filing with revenue and expenses to be reported, can i somehow avoid paying fees as there are no income or expenses
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2 Replies

I formed a company recently and have no income or expenses to report, how can i file return for free?

Do you need to file a separate business return for it like a 1120-S or 1065 etc?   Or do you need to file it on Schedule C in your personal tax return?   Either way you can’t use Turbo Tax for free.   You either need to use the Deluxe version or buy the separate Business Desktop program.  

I formed a company recently and have no income or expenses to report, how can i file return for free?

are you filing a business return such as a 1065 (partnership), 1120, 1120S - then it's unlikely the fees will be waived. a partnership does not have to file if it had no income, deductions or pass through credits.  corporations have to file regardless.

 

however, for 1120 or 1120s if you have no income or expenses, you can probably prepare a manual return 

https://www.irs.gov/pub/irs-pdf/f1120.pdf for 1120

https://www.irs.gov/pub/irs-pdf/f1120s.pdf for 1120S

 

if you are filing a schedule C or E or F with your 1040 contact support about the fees.

 

https://support.turbotax.intuit.com/contact

800-446-8848

 

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