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HOW TO SHOW NO ACTIVITY FORM 1120 PROSERIES 2023

Jutu
Level 2
NO INCOME GENERATED OR EXPENSES INCURRED FOR 2023..HOW TO SHOW AND REPORT "NO ACTIVITY" WHEN FILING FORM 1120 PROSERIES PRO 2023..FORM 1120 WILL HAVE INCOME AND EXPENSES IN 2024
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6 Comments 6
Jim-from-Ohio
Level 11

I would just put a zero in line for revenue. done. 

Taxes-by-Rocky
Level 7

And just be aware that corps that have zero taxable income.....usually have no safe harbor on the quarterly estimates in the following year.

Jutu
Level 2

What about the Balance Sheet?????

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sjrcpa
Level 15

It would be the same as 2022 if there was no activity.


Ex-AllStar
Jim-from-Ohio
Level 11

and if a C Corp with sales and assets both under $ 250,000 balance sheet not even required. 

Taxes-by-Rocky
Level 7

@Jim-from-Ohio 

Renewals are due soon and I know just the thing for INTU:

Roaring_Kitty.jpg

 

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