All Forum Posts by: Susan K.

One thing that is unique about S corporations that you will not find in partnerships is that you are required to file a tax return just through your existence.

unlike partnerships, which only require you to file a tax return if you show a profit or loss, I agree that you should technically file both 2024 and 2025.

@Susan K. Since your Florida LLC elected to be taxed as an S Corp and was active (even if unused) in 2024, you're required to file a Form 1120-S for 2024—even if there was no income or activity. However, since the dissolution occurred in April 2025, the "final return" box should be marked on your 2025 return, not 2024.

So here's what you need to do:

• File a 2024 Form 1120-S and issue K-1s (even if all zeros)
• File a 2025 Form 1120-S next year, marking it as the final return
• Ensure you file any final state filings or account closures with Florida
• If you filed an S Corp election (Form 2553), no further action is needed unless revoked

Even with no activity, the IRS still requires these returns to maintain compliance and close the entity properly. Let us know if you'd like help filing a zero-activity return quickly and accurately.

This post does not create a CPA-Client relationship. The information contained in this post is not to be relied upon. Readers should seek professional advice.

You should do the 1120S for all the years the entity was in existence. E.g., if it was "alive" in both 2024 and 2025, do both years.

Toby Mathis on YouTube summarizes and teaches it very well.   He makes it sound simple because it is.  https://www.youtube.com/results?search_query=toby+mathis