| You are required to file an S corporation tax return for the tax year 2008. Despite having only taken a payroll in the form of W-2 income, the IRS requires that you must file the S Corporation tax return even though there me be no profit or loss from the S Corporation.
The K-1 showing no reportable income or activities does not excuse non-filing of the S corporation tax return. I suggest that you contact your CPA to file this return as soon as possible to avoid incurring additional potential late filing penalties.
In addition, Texas State requires that you must file a Texas Franchise Tax return as well. There may be a minimum Texas Franchise tax due upon the filing of the tax return.
So, you must file the S Corporation for the reasons mentioned above. | 
