Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Corporation - When to file for first time?

Level 2

HI All,

I have a new client, a C-Corp, that was incorporated in California in November 2023, and also got the IRS EIN letter in December 2023. The IRS EIN letter said that the 1020 form must be filed by 4/15/25 (next year). 

The Corp was planning to start its operations in January 2024 but they opened a checking account and funded it in December 2023. The Corporation performed only one transaction in December 2023 (a $10k deposit in the checking account as shareholder equity).

Does the Corporation have to file taxes for year 2023? Reporting only the $10k shareholder equity transaction.




0 Cheers