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S Corporations, and • Corporations which have obtained an exemption from franchise tax (usually non-profit corporations). Q Do I have to file if my corporation is inactive?

April 26, 2017corporation corporations file franchise non-profit obtained tax usually

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S Corporations, and • Corporations which have obtained an exemption from franchise tax (usually non-profit corporations). Q Do I have to file if my corporation is inactive?

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A Yes. The corporate franchise tax is more than a corporate income tax. It is a right to do business tax. A return must be filed and the minimum tax paid, whether you exercise your right to do business or not.