Tax Question: If I create a C corporation

Stiganator

Platinum Member
Oct 14, 2001
2,492
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81
If I create a C corporation, but do not do business do I have to file tax stuff? Basically, thinking of laying the ground work, just not business yet.
 

KillyKillall

Diamond Member
Jul 1, 2004
4,415
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Did any money go towards or come from this "c corporation?" If not, you do not. If so, yes.

FYI - If you have a Fed. Tax ID for the corporation, they'll be looking for a return.
 

JS80

Lifer
Oct 24, 2005
26,271
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Don't forget state. E.g., in CA you have to pay a $800 franchise tax every year whether you generate any income or not.
 

Canun

Senior member
Apr 1, 2006
528
4
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Depends where you incorporate. NY, NJ, and CA for sure have minimum taxes required to be filed each year. States like Nevada are making a killing on incorporation fees.
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
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$100 is what is costed me to get a self employment business license here in NV:thumbsup: