Files taxes if corporation has no sales or expenses?

Question

Hello,

I formed a corporation in Dec of 2006 that has no sales, expenses or employees. Do I have to file taxes for 2006 still?

I will probably use Turbo Tax for business if I do.
http://turbotax.intuit.com/tax_products/learn_business_desktop.jhtml

Thanks!

Thank you for the help. This is a Delaware Corp and our office is in Illinois. Should I file state taxes and if so for which state?

Answer 1

Yes, a corp must file every year even if there is no activity.

Answer 2

Yes. You need to file an "inactive return". Both Federal and State.

If you do not file one, you eventually will receive correspondence requesting you to file a return.