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Angie
Angie, Tax Preparer
Category: Tax
Satisfied Customers: 225
Experience:  Bookkeeping, Profit and Loss, Balance SheetsAll types of US Taxes, Tennessee taxes, Personal, business, payroll, sales tax etc.
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In January of this year I started a LLC with s Corp election.

Customer Question

In January of this year I started a LLC with s Corp election. I haven't made any money do I need to file a payroll tax return or any other quarterly returns? I have paid health premiums and I understand these pass to my w2 but are exempt from fica/futa.
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Submitted: 7 months ago.
Category: Tax
Expert:  Angie replied 7 months ago.
When you registered for your FEIN, based on the information you provided, the IRS should have indicated how frequently you would need to file these forms. If they indicated you should file a 941, then it needs to be filed before the end of April, even it all the numbers are zero. You also may be liable for State unemployment reporting, which is required quarterly as well, even if the numbers are all zero.
Expert:  Angie replied 7 months ago.
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