Automate 1120s form

gov for more information on the Small Business Corporation Election. Beginning in Tax Year 2019, S corporations in Montana must file an annual Montana Pass-Through Entity Tax Return (Form PTE). Prior to Tax Year 2019, S corporations in Montana filed the Montana S Corporation Information and Composite Tax Return (Form CLT-4S). Income Tax Return for an S Corporation is a tax document used to report the income, losses, and dividends of S corporation shareholders. Form 1120S is part of the Schedule K-1 document. Essentially, Form 1120S is an S corporation's tax return.Do I need to file a tax return for an S Corp with no activity?A corporation, including one that is taxed as an S corporation, must always file its initial tax return with the Internal Revenue Service, even if it had no business activity to report. For an S corporation, this initial return and all subsequent returns are prepared on Form 1120S -- which is an informational return.Does an S Corp have to file a tax return if no income?Yes, you have to file IRS Form 1120S even if you had no income or expenses. The Form 1120S Income Tax Return is due March 15, 2016. Under the tax code, every U.S. corporation that's in business to make a profit must file a tax return regardless of whether it made any money.Does an S Corp have to file a tax return?Even though the S corporation does not pay income tax, it has a responsibility to file an annual tax return on Form 1120S. This tax form is for informational purposes only and prs the IRS with an aggregate view of the business' earnings and expenses.Do you have to file taxes for an LLC with no income?LLCs that have become inactive or have no income may still be mandated to file a federal income tax return. Filing requirements will d on how the LLC is taxed. An LLC may be taxed as a corporation or partnership, or it may be totally disregarded as an entity with no requirement to file.