S Corp filing

Forum|Forum|3 years ago
March 2, 2023
1 reply
4 views

How easy is it to file inactive S Corp taxes using Turbo Tax Business? Should I do it myself or pay a professional?

DavidD66

Level 15

If by inactive you mean your S-Corp has no income or expenses, it is relatively simple to create and file a Form 1120S. If you have prepared your personal returns yourself in the past, and/or are generally comfortable installing and using software, you shouldn't have any problems. The program's interview feature will guide you through the process.

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SarahG22Author

Level 2

Is it possible to mail in my zero income S Corp return?

DaveF1006

Level 15

Yes. In fact the IRS states that all partners and corporations file a tax return even if they have no income. Please review this IRS website for more information about where to mail your completed return.

@SarahG22

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