How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
16356563
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

I am incorporated however iam also full time employee with a

Customer Question

I am incorporated however iam also full time employee with a Medical Group. Evevn so no money has been made by the corporation this year. Do i file a corporate tax form?
Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.

Yes - filing is required. If there is no business activities - tax liability would be zero - but filing is required.

See instructions page 2

https://www.irs.gov/pub/irs-pdf/i1120.pdf

Who Must File
Unless exempt under section 501, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. Domestic corporations must file Form 1120, unless they are required, or elect to file a special return.

Related Tax Questions