IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
I’ll just leave my question here.... the company was established back in December 2019. The balance sheet shows some liabilities—specifically, two recorded accounts payable invoices. Does this mean we actually have to file a financial report or not?
According to the Finance website: "An entrepreneur who had no business transactions during the fiscal year, and whose business books contain no data regarding assets or liabilities, is required to submit a statement of inactivity for the previous fiscal year to the Registry, or to Finance, by April 30th of the current year."
But we *do* have data on liabilities because of those two invoices...
According to the Finance website: "An entrepreneur who had no business transactions during the fiscal year, and whose business books contain no data regarding assets or liabilities, is required to submit a statement of inactivity for the previous fiscal year to the Registry, or to Finance, by April 30th of the current year."
But we *do* have data on liabilities because of those two invoices...