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My Business Had No Income, Do I File A Tax Return? Maybe

November 13, 2010
Written by: steve

Entities: Sole Proprietor, Partnership, Limited Liability Company/Partnership (LLC/LLP), Corporation, Subchapter S Corporation
Question: Must a partnership or corporation file a tax form even though it had no income for the year?
Answer: A domestic partnership must file an income tax form unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
A domestic corporation must file an income tax form whether it has taxable income or not.

Filed Under: IRS Tax Advice
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