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wm030303, Enrolled Agent
Category: Tax
Satisfied Customers: 112
Experience:  I am both a CPA and EA with over 30 years of experience in solving tax related issues.
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Will I have to file for taxes for my company if I did no business

Resolved Question:

Will I have to file for taxes for my company if I did no business in 2011?
Submitted: 5 years ago.
Category: Tax
Expert:  wm030303 replied 5 years ago.

wm030303 :

Hello and thanks for using Just Answer.

wm030303 :

If your business a Partnership, S Corp or C Corp then you will need to file a tax return to avoid penalties. If you are a Sole Proprietor and had no assets then you could just report it as part of your personal with all 0's.

wm030303 :

If it is a final tax return for partnership, S Corp or C Corp then you need to file and indicate it is a final return and close it out so the IRS will not request future returns.

wm030303 :

I hope this helps, and if so kindly accept or let me know if you have any more questions.

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