Google Answers: Corporate Income Tax For Corporations With No Net Profit

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Q: Corporate Income Tax For Corporations With No Net Profit ( No Answer, 1 Comment )

Question

Subject: Corporate Income Tax For Corporations With No Net Profit
Category: Business and Money > Accounting
Asked by: jzing-ga
List Price: $2.50

Posted: 05 Mar 2006 13:59 PST
Expires: 04 Apr 2006 14:59 PDT
Question ID: 703939

If an American corporation makes no net profit (although it does make
a gross profit), does it have to file with the IRS to pay corporate
income tax?  If it does, what form must be filed?  Please provide a
link to to the IRS website where this
information is included.

Answer

There is no answer at this time.

Comments

Subject: Re: Corporate Income Tax For Corporations With No Net Profit
From: ubiquity-ga on 05 Mar 2006 15:53 PST

Yes they must file.  The just wont have an money due (income tax anyways).

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