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Level 1
March 17, 2026
Question

Do you have to file a return if 1120S has no income?

  • March 17, 2026
  • 2 replies
  • 7 views
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2 replies

Just-Lisa-Now-
Intuit Community Champion
March 17, 2026

I'll betcha if you type that same exact question into Google, you'd find your answer.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ljr
Level 9
March 17, 2026

and maybe looking at the 1120s instructions or doing some other research first 

IntuitCatinaT
Level 3
March 27, 2026

Yes, you have to file a return even if there is no income, expenses, or business activity during the year. As long as the S-corp election is in effect, an annual return is required.

 

Failure to file can result in hefty monthly penalties for each shareholder.

 

If the company is permanently closing, file a final return and formally dissolve the entity.