California C Corp taxes ...pls help


A

ayeshahill

California C Corp taxes ...pls help

My friend has a C Corp Startup Incorporated in California which has no
revenue only expenses.
Incorporated in Jan 06.

Some details:
-This is is the first year of operation..she recd some small amount of
funding.
-Calender year tax period.
- She took a small salary.

What are the tax forms, schedules she needs to fill in and what are the
due dates - for federal and California taxes.
We are totally ignorant.


Any help would be highly appreciated.

Thanks in advance,

Ayesha Hill
 
Ad

Advertisements

J

jmlieder

I very strongly suggest that you spend some time and money and talk with a
professional tax person, a CPA or enrolled agent, but someone who can give
you some business consulting as well as plain tax prep service. This is
something you should have done before starting the business as there are
decisions and elections that need consideration well before the time to file
the return. Some money up front may very well save you down the road. This
is a common problem we see all the time. People come in after the fact and
then want us to be able to fix everything after the fact because they didn't
want to pay the fees in the beginning.

John M Lieder, CPA
 
Ad

Advertisements

J

Jim Kingdon

I very strongly suggest that you spend some time and money and talk with a
professional tax person, a CPA or enrolled agent, but someone who can give
you some business consulting as well as plain tax prep service.
That's good advice, especially if you don't have the ability/desire to
go over to IRS/California web sites and find some relevant
publications.

I mean, asking questions on a newsgroup is one thing, but saying "I
have this corporation, now what do I do" is a whole series of
questions, some of which you could answer yourself.

Not that hiring a professional is a bad idea. Without some previous
knowledge, trying to figure out everything could involve some
expensive steps up that learning curve.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top