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    lynnleblanc's Avatar
    lynnleblanc Posts: 1, Reputation: 1
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    #1

    Mar 28, 2009, 07:42 AM
    No earned income
    Do I need a separate return for my s corp if I didn't earn any income in that business last year?
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #2

    Mar 28, 2009, 07:00 PM

    Generally, yes. However, if the S corporation has never had any income, you might be able to argue that you have not yet really started up the company.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Mar 28, 2009, 07:43 PM

    A corporation must file tax return. You may even owe the minimum franchise tax.
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