[campbellcj]

Almighty OT Pelicans. I have landed in a bit of a pickle (fortunately not a huge one) with the California Franchise Tax Board. Seeking any and all advice.

Several years ago, I set up an S-Corp for the purposes of facilitating a new business venture/transaction that never took place. The corporation has never had revenues, expenses, employees, assets, credit or anything else. When the deal evaporated I pretty much forgot about it. I also never thought that I needed to either dissolve the corporation or file "dummy" tax returns for it. Since it was completely idle I figured I could just let it sit there and maybe someday use it for some kind of side busines.

Well, now the FTB is hitting me up for past years' returns and trying to extort $800/yr minimum business tax from me, even though the corporation has never done any business in this state or anywhere. (I have no idea what this tax is for, since it is not an income tax, but that is a topic for another thread.)

Not sure if I have any options here but to bend over and pay? I could probably tie it up in protests and paperwork for a while, but if they are seriously going to chase me over this BS, they could go after a lien or garnish my wages I suppose.