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Do I have to declare my DE C Corp on my personal federal taxes (e.g. 1040)?

Hi all,

maybe some of you are wondering the same:
  • You set up your startup as a DE C-Corp in 2013
  • You are filing your taxes now... you need to declare all kinds of mutual funds, stocks purchased, etc.
  • Now you might wonder as well: Do I need to declare somewhere in my personal taxes that I founded a C-Corp?
How have you guys handled this in the past?

4 Replies

VS Joshi
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VS Joshi Entrepreneur
Founder of Mobile Startup in Social & IoT space - TrintMe
Nope, I haven't declared anything. But, I may be wrong in not declaring it. I don't know. Cheers VS Joshi Founder - TrintMe [removed to protect privacy] 408 507 6507
Tim Kilroy
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Tim Kilroy Entrepreneur • Advisor
Analytics - LTV - Boosting Profits - Digital Marketing
Typically, you include an 83(b) election form (your friendly neighborhood lawyer can hook you up with one).
Michael Barnathan
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Michael Barnathan Entrepreneur • Advisor
Co-Founder of The Mountaintop Program, Google Alum
Nope, unless you personally gained stock that's worth something from the founding. But you do need to file a corporate tax return (deadline was March 17) if the corporation was founded in or before 2013 - whether or not it had any income to report.

Disclaimer: check with an accountant for tax advice - this is just what I believe to be true.
Stefan Broda
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Stefan Broda Entrepreneur
Partner Program Manager at Atlassian
Thanks a lot for the clarification!
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