Tuesday, December 13, 2011

What forms to file for Federal tax?

I am uming that you did not file a Form 2553, Election for S-Corp status, if you don't know what form to file for income reporting. If that is the case, you need to file a Form 1120 by the 15th of March every year. Do you know what requirements must be met to maintain your corporate good standing status in Wyoming? If not, you better find out. Most states, at very least, require their form of "Annual Report" to be filed. I see this every day. PL-EASE, people, get professional help with corporations. It does not have to be expensive, only knowledgeable. There are a few guys like me out there who won't charge you an arm and leg to give you the advantages that the other people get by paying a CPA or Attorney huge fees. Check around, and good luck.

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