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busines with no activity in last year

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vikasintl

Member
I found that we can efile tax return online on WA state revenue department site Department of Revenue

I want to confirm about a question..
in last accounting year we have had no business ...we didn't sell anything but we did deposit some cash 100us$ to our business checking account.

and this is what I read on WA state revenue dept site
A “No Business Return” can only be filed for the period in which no sales or income was received or accrued"
now we want to confirm that money we deposited as cash can be considered as business activity?because we deposited in business checking account?

Can we still file as 'no business activity' as that money which we deposited was not due to any business...
 


LdiJ

Senior Member
I found that we can efile tax return online on WA state revenue department site Department of Revenue

I want to confirm about a question..
in last accounting year we have had no business ...we didn't sell anything but we did deposit some cash 100us$ to our business checking account.

and this is what I read on WA state revenue dept site
A “No Business Return” can only be filed for the period in which no sales or income was received or accrued"
now we want to confirm that money we deposited as cash can be considered as business activity?because we deposited in business checking account?

Can we still file as 'no business activity' as that money which we deposited was not due to any business...
Where did the money come from that you deposited into the business account? Is it money you personally loaned the business to keep the account open? If so, then no, that is not a business activity.
 

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