A corporation was not allowed to petition against the IRS in Tax Court because it had been suspended by the California Secretary of State. The most common reasons for suspension are failure to file/pay income tax OR failure to timely file the annual Statement of Information. You can check your corporation’s status with the Sec of State online at www.sos.ca.gov.

Ref: Timbron International Corp V. Commissioner, TC Memo 2019-31

It’s important to keep your corporation current.

For those unable to meet with us prior to April 15, please call Laura to set up an extension and see us in May. Nearly twenty percent of our individual and business clients go on extension.

SEE YOU SOON!