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Not really...except that it makes the Corp much more likely to having to answer many nasty grams and issues with the IRS generally. Also the States may have penalties and more. If the Co is dormant - and I think "inactive", with no $ or transactions....filing a return is basically a few minutes...name, address, ID and zeros....so why not do it? There is a box to check claiming inactive I believe.

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Q: Is there a penalty for filing federal taxes late for a corporation or a LLC if they both were dormant in 2008?
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