[pmtakes3]

If I established a LLC and a C Corp in 2008 but never did any business through these entities, do I still have to send in tax forms? There was no income and no expenses. If so, what forms for each?

[MukatA]

Yes, you must file tax returns. You will also pay minimum franchise fee every year.

An LLC can be a sole proprietorship, partnership or a corporation, so the tax form will depend upon the entity.

For C Corp, you will file Form 1120, then state return and then corporation return where the corporation is registered.

[pmtakes3]

Yes, you must file tax returns. You will also pay minimum franchise fee every year.

An LLC can be a sole proprietorship, partnership or a corporation, so the tax form will depend upon the entity.

For C Corp, you will file Form 1120, then state return and then corporation return where the corporation is registered.

If I filed a Form 4868, Application for extension. With my 1040 does that cover for the 1120 and the LLC as well? If not, is there a penalty if the 1120 for the C Corp or Schedule C for the LLC, if neither entity has an income or expenses?

[MukatA]

C corporation return Form 1120 has nothing to do with your individual return. Due date was March 15, 2009.