Yes, the IRS and local governments you operate in expect your business to file a tax return each year even if you did not make any revenue.

Possibly not. This depends on what your EIN letter says once you receive it. The letter will state which year you should file your first tax return.

Yes! We will file an extension for any of our customers who need it.

This depends on a number of factors. We recommend you subscribe to Firstbase Tax Filing early so that you don’t have to worry about this. Even if you forget to request an extension, we file it on behalf of all our subscribers who have yet to fill out all of the necessary information by the deadline. This way, missing the tax deadline is not a concern, and you will automatically have an extra 6 months to get everything together for us to complete your filing.

No. We do not file personal tax returns for our customers, including those with a sole proprietorship or US-owned single-member LLC. Such returns would be filed as Schedule C on their personal income tax returns.

Unfortunately, we do not formally support S-corporation tax returns. If you would like us to start supporting S-corps, please email us at tax@firstbase.io. 

There are two cases where you would need to pay more than the listed prices:

1. If your books are not complete, we can do Catch-up Bookkeeping for you for an extra fee, or you can purchase our Firstbase One bundle, which includes catch-up bookkeeping if you need it.

2. If your gross receipts (revenue) for the year reached $5m or more, you are subject to custom pricing. You can reach out to us at tax@firstbase.io for a quote.