C corp tax filing

[Guillaume Vidallet]

Hello,

I started a C corp LLC at the end of December 2024 for fix and flips. I had no business activity in 2024. Do i still need to file with the IRS? I would hate to pay an accountant $2,000 for an LLC that had no activity. Thank you for your help

[Michael Plaks]

Quote from @Guillaume Vidallet:

Hello,

I started a C corp LLC at the end of December 2024 for fix and flips. I had no business activity in 2024. Do i still need to file with the IRS? I would hate to pay an accountant $2,000 for an LLC that had no activity. Thank you for your help

C-corporations are required to file a tax return even if they do nothing. No need to pay anybody, however. You can complete Form 1120 with all zeroes and file it yourself. You can even do it on paper if you don't want to pay a few bucks for the business version of TurboTax.

That said, I hope your intention to run your flips through a C-corp has been discussed with your CPA. It's very rarely justified. I mean a C-corp, not discussions with your CPA.