answersLogoWhite

0


Best Answer

You have whats called a "short year" for that one day, and it legally requires a filing...obviously a simple one as the Co was probably inactive for that period.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you started your business December 31 what tax year should you file?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

Can you file a business llc and personal taxes separately?

Do I have to file personal taxes if I own a small LLC? Or just file business taxes.


What if you file late business tax?

wait until you get your next one then file that one with it.


Should I file a 1040 this year?

You do not need to file a 1040 unless you make over $100,000, are self employed, a partner in a business, shareholder in an S corporation, or a beneficiary of a trust or will. If you have to pay household employment taxes or itemize deductions then you would need to file a 1040 for these, otherwise you can file a 1040EZ.


Can a business debit your account if they have your card information on file if they didn't get authorization from you?

yes, a business debit your account if they have card information on file if they didn't get authorization for me...


When do you file taxes for a small business?

The direct answer is once per year, at the end of the business' tax year. If your business is a sole proprietorship you will file a schedule "C" with your form 1040 by April 15th each year. If you have a corporation (C or S), in most cases, you need to file by March 15th each year. The exception is if your business operates on a fiscal year (as opposed to calendar year) basis. Corporation returns are due two-and-a-half months after the end of the business year. Example: The federal tax return for a business that has an accounting year beginning on October 1 through September 30th (just like the federal government) is due on December 15th.

Related questions

Should you start a new business if im going to file chapter 7 bankruptcy?

can I start a new business if I'm going to file chapter 7 on my personal debt?


How do you file a complaint to Guthy Renker?

You should direct your complaint to the Better Business Bureau.


How can I get into the web advertising agencies business?

To get into the web advertising agencies business, you should first write out a plan for your business. Then you should choose a name for your company and incorporate it. You should then file a tax identification number and examine your competition.


You have filed jointly for 30 years but have recently started your own business can you file seperatly now?

Yes, the option to file jointly or seperatley is chosen every year. It can be made entirely on which is better for you.


Should I file your business and home on one tax return?

One person files one tax return for whatever income and expenses that person may have, whether relating to a business or a home. However, if you business is incorporated, then it has to file corporate income tax as well.


Why should business students learn programming skills?

Because programming is the part of the business. It maintains the financial statement of the business, it helps to delete, edit, to create new file or to update data for the business.


How do I put a lien on business for nonpayment of services?

This will have to be done through a legal process by an attorney. The attorney will file paperwork to have this started and you will not be directly involved usually.


Can you file a business llc and personal taxes separately?

Do I have to file personal taxes if I own a small LLC? Or just file business taxes.


How can one get help on establishing business credit?

To establish business credit, open a business bank account and credit file. You should also establish a business phone number and uphold a tax identification number.


Do you get a small business credit with filing your IRS taxes?

You have to go through an entirely different process to get a small business credit. You should file your taxes just the same.


File Hosting Services ?

form_title=File Hosting Services form_header=Host a variety of large files and share them with others. What types of files do you need hosted?=_ Who should the files be accessiable to?= () Private () Public () Both Is this for personal or business use?= () Personal () Business


What companies can be used as business file storage?

Business file storage companies include Barracuda, Iron Mountain, SpiderOak, Dropbox for Business, SugarSync for Business, Google Drive, and Microsoft SkyDrive.