Re: HOW TO SHOW NO ACTIVITY FORM 1120 PROSERIES 2023

Jutu · ‎05-27-2024

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

Jim-from-Ohio · ‎05-27-2024

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

Taxes-by-Rocky · ‎05-30-2024

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 · ‎06-03-2024

What about the Balance Sheet?????

sjrcpa · ‎06-03-2024

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

The more I know, the more I don't know.

Jim-from-Ohio · ‎06-03-2024

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

Taxes-by-Rocky · ‎06-04-2024

@Jim-from-Ohio

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

HOW TO SHOW NO ACTIVITY FORM 1120 PROSERIES 2023

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