A California C-Corp set up in late 2013 with a single shareholder/owner.
The company has not done any business and has remained inactive. No employees, no income. A few expenses (email service, some business insurance that has since been cancelled).
Failed to file any taxes (both Federal and CA) both in 2014 and 2015.
Would like to set the tax situation right. Needs filing of Federal and CA FTB.
Also advice on best way to reduce penalties due, and simple way of keeping current going forward. Possibly advice on accounting and tax procedures for setting up a loan to the corp to allow tax payment.
Should be very simple. Have all expenses recorded and receipts available. Not looking for fancy deductions or anything of that kind. Minimal filing required, penalties + minimum Franchise taxes to be paid.
I am capable of understanding and doing things myself, but don't have the time to research, understand and do. Can do any of the time consuming work needed, if coached. So looking for your expertise and knowledge rather than getting you to do any grunt work.