Taxes Q & A- Must a partnership or corporation

Must a partnership or corporation file a tax form even though it had no income for the year?

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.

References:

Publication 541, Partnerships

Form 1065 Instructions, U.S. Partnership Return of Income

Publication 542, Corporations

Form 1120/1120-A Instructions, U.S. Corporation Income Tax Return

Source: www.irs.gov

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