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Tax Question: If my S-Corp made $0, do i have to pay taxes on it?

Richard 2009/12/03 22:34:44
Yes
No
You!
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My S-Corp made no money (didn't try to. I started it for a school project) this past year or the year before. My Turbo Tax form says that my Form 100ES indicates that I owe an estimated $800 for 2009 due by 12/15/09. Am I supposed to pay it even though I didn't make any revenue?
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  • RedMonkey 2009/12/03 22:54:16
    Maybe?
    RedMonkey
    call H&R; block,theyre pretty helpful
  • Richard 2009/12/03 22:39:45
    Maybe?
    Richard
    So what do all you finance whizzes think?

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