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If someone has single owner LLC in California USA and if he/she closes the company in Jan 2020, do you still have to file business tax return in 2021? Specially if company has elected financial year between Jan to December in the previous tax filing.

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    Yes, of course they do. – Ron Beyer Mar 22 at 4:00
  • @RonBeyer, as long as they had income in Jan 2020. If there was no income, then you don't need to file. – gaefan Mar 22 at 12:56
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    @gaefan That depends on State filling requirements, they may still have to file a "zero income" document. – Ron Beyer Mar 22 at 14:41

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