--- title: Does my company need to File Taxes this year? description: Learn whether your company must file taxes this year based on its structure (LLC, C-Corp, Disregarded Entity) and activity. Step-by-step guidance on required forms, how to file, and plan coverage. --- [Skip to content](https://help.globalfy.com/help-center/does-my-company-need-to-file-taxes-this-year#main-content) - [English](https://help.globalfy.com/help-center/does-my-company-need-to-file-taxes-this-year) - [Español](https://help.globalfy.com/es/help-center/mi-empresa-debe-presentar-impuestos-este-año) - [Português - Brasil](https://help.globalfy.com/pt-br/help-center/minha-empresa-deve-apresentar-impostos-este-ano) English Show submenu for translations [![Globalfy Help Center](https://help.globalfy.com/hs-fs/hubfs/logo.png?height=40&name=logo.png)](https://help.globalfy.com/help-center?hsLang=en) Open main navigation Close main navigation - - [English](https://help.globalfy.com/help-center/does-my-company-need-to-file-taxes-this-year) - [Español](https://help.globalfy.com/es/help-center/mi-empresa-debe-presentar-impuestos-este-año) - [Português - Brasil](https://help.globalfy.com/pt-br/help-center/minha-empresa-deve-apresentar-impostos-este-ano) English Show submenu for translations - [Return to our Site](https://globalfy.com/) [Return to our Site](https://globalfy.com/) How can we help? - There are no suggestions because the search field is empty. 1. [Globalfy Help Center](https://help.globalfy.com/help-center?hsLang=en) 2. [Frequently Asked Questions](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en) 3. [Company Obligations](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#company-obligations) # Does my company need to File Taxes this year? ## The answer depends on your company’s structure and activity during the prior tax year. --- #### **1. LLC – Partnership (Two or More Members)** - **No transactions in the business bank account:** No tax filing required. - **Transactions but no profit:** Must file a Business Tax Return. - **Transactions with profit:** Must file both a Business Tax Return and an Individual Tax Return. *Note: “Business bank account” refers to the account opened in the U.S. under your company’s EIN. If you are unsure about your transactions, please contact our [Customer Experience](https://help.globalfy.com/help-center/kb-tickets/new?hsLang=en) team.* --- #### **2. LLC – Disregarded Entity (Single Member)** The IRS (Internal Revenue Service) generally requires individuals to pay U.S. Income Tax only if they are **engaged in trade or business within the country**. Because a Single-Member LLC is taxed at the personal level, if the company has **no employees and no physical operations in the U.S.**, the member may qualify for this exception and might not be required to pay income taxes. However, it is important to note: - Even if no taxes are due, the company must still file **Form 5472 + 1120 Proforma** every year. Failure to submit these forms can result in penalties of up to $25,000. - If the company has transactions, in addition to Business Taxes, the member must also file Individual Taxes. We strongly recommend reviewing any case that may fall under this exception with a tax specialist, as a detailed analysis of your company’s operations is necessary to confirm whether you are truly exempt from paying income taxes. --- #### **3. C-Corporation** - **Regardless of transactions:** Must file Business Taxes every year. - **Personal Taxes:** Not required, except when profits are distributed among shareholders. --- ### **How to file through Globalfy** - Log in to your platform: **[app.globalfy.com](http://app.globalfy.com)** - In the left-hand menu, click on **Tax Season 2025/2026** and complete the form. - Review the status by clicking **My Services → In Progress.** --- ### **Required Forms** Our smart form will: - Identify all obligations your company may have with the IRS and the state. - Indicate which forms must be filed based on your company’s information. - Allow you to hire Globalfy to handle the entire filing process. *If you plan to file taxes on your own, we strongly recommend scheduling a call with a tax specialist to ensure the correct forms are submitted.* --- ### **Does my plan cover Tax Services?** - Only the **Essential** and **Scale Plans** include coverage for the Annual Report (Franchise Tax/State Renewal) and Tax Season services. - You will need to **activate the service by completing the t form in the platform**. Once the form is submitted, we will automatically begin the process for both the Annual Report and Tax Season services.   - If you have one of these plans, please note that **the State fee for the Annual Report is not included.** This fee must be paid separately, and the payment will be requested at the end of the form submission process, after you have provided all the required information. - Depending on your company’s structure, additional obligations may apply. If these are not covered by your plan, our team will notify you and apply the corresponding charge. **Important:** Individual Income Tax must be hired separately, except for **Disregarded Entities** under the **Essential** and **Scale** **Plans**, where it is already included. If the system indicates you need to file Individual Income Tax, please proceed with the hiring. ![](https://help.globalfy.com/hs-fs/hubfs/undefined-Feb-20-2026-12-22-41-9396-PM.png?width=670&height=36&name=undefined-Feb-20-2026-12-22-41-9396-PM.png) If you still have any questions or need further assistance regarding this topic, we are here to help!   ✉️ Simply **[click here](https://help.globalfy.com/help-center/kb-tickets/new?hsLang=en)** to submit your support request and our team will be glad to assist you. - [Frequently Asked Questions](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#main-content) - [Glossary](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#glossary) - [Business Formation](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#business-formation) - [Banking Services](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#banking-services) - [Bookkeeping](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#bookkeeping) - [Company Documents](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#company-documents) - [Company Obligations](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#company-obligations) - [Company Amendment](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#company-amendment) - [Company Dissolution](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#company-dissolution) - [Globalfy Plans](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#globalfy-plans) - [Migration](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#migration) - [Important Forms](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#important-forms) - [ITIN](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#itin) - [Mailroom](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#mailroom) - [Tax Services](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#tax-services) - [Other Services](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#other-services) - [Other Questions](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#other-questions) - [Registered Agent](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#registered-agent) - [Virtual Address](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#virtual-address) - [Service cancellation](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#service-cancellation) - [Fynance](https://help.globalfy.com/help-center/frequently-asked-questions?hsLang=en#fynance) - [Contact our Customer Support Team](https://help.globalfy.com/help-center/contact-our-customer-support-team?hsLang=en) [![Chill listening crop-3](https://help.globalfy.com/hs-fs/hubfs/logo-1.png?width=87&height=24&name=logo-1.png "Chill listening crop-3")](http://globalfy.com) Copyright © 2026, The information in this email may not be considered legal advice, but information in the public domain.