When does a Delaware C Corporation need to file a tax return?
I’m a CPA, Deloitte Tax alum, and I personally prepare 150+ DE C Corp tax returns a year.
You will need to file your DE C Corp tax return by 3/15 every year. You can also go on federal extension to 9/15. State extensions vary. If you’re running at a loss, its better to go on extension so that you have more time to review the previous year’s financials. I’ve seen plenty of startups rush to get their taxes in by 3/15, only to discover a few months later that they need to add in a few expense reimbursements for the founders. Then we have to do an amended return.
Measure twice, cut once!
***Also note that DE C Corps have to file the DE Annual Fee by 2/28 every year. This is a calc driven off of your cap table and assets, and is typically between $400-$4000 for a seed / Series A startup.
Recent questions
- What is a big no-no as a startup founder?
- What are the top 3 skills a CFO of a startup needs?
- How do the best tech companies track engineers' time to allocate salaries for the US R&D tax credit? Do they require their engineers to enter their hours every week or do they use some other method?
- Should I prepare a tax return if a C-corp made under 50,000 USD in profit?
- What steps should I follow to file taxes for my one-year-old startup that has zero revenue? [C-corp]
Top viewed questions
- What happens if the IRS audits me and I do not have the receipt for an expense (assuming it was a legitimate expense)?
- What does a US based company need to do to comply with IRS regulations in paying foreign contractors?
- How can I become a good accountant?
- How should convertible note financing be handled on the balance sheet?
- For startups incorporating in Delaware, what firms are good registered agents to use?