Minimum requirements for filing as an S Corp after submitting form 2553
I created a business in 10/22 but did not conduct any transactions until 2023; should I have filed a tax return for 2022 if I had no business activity? I filed form 2553 to file as an S-Corp in 2022. Do I need to file form 2553 every year or only once? Are there any minimum requirements to file as an S-Corp? If so, how do I file if I submitted form 2553 but do not meet the minimum requirements? Can I revoke form 2553 for the year 2023 when I file my taxes or is this not necessary?
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