- I have a C Corp registered in California - My home address - for 5 years and not making any money for 5 years. I spend $5000 or so in dev freelancer activities./ year. for one reason or other it has not worked out.
I have been spending $800 on FTB every year. My wife started her DBA in USA .
I have been filing tax returns for me/ company for all 5 years. No salary I am getting and I have no employees. My wife has 23 credits for SSA and she needs 13 more in next 10 years.
I am trying to lease Testa Y Car (new) which is $350/ month for 3 years. I am also launching myaireport.com as a new company. Hoping to make some money next year. I will need a tax return in neaxt year too.
Someone said it is better to have S Corp instead of C corp. so you can pass cost to corporation. I need help work with CA state FTB/ tax return/ Changing type and all.