I registered an LLC in Texas for preparation of business. Turns out I jumped the gun because the whole business was a horrible idea. As someone who's never handled the legal side of a business, I took no action after registering and was under the assumption no further action needed to be taken.
Got a letter in the mail today for failure to file a return. The estimated taxes owed are around $1200. I assume this is an assigned value due to no return to go off of.
The business made no revenue, no sales, it was completely stagnate after formation.
Am I required to pay the taxes. I see some basic instructions about filing a disagreement, but I don't think that applies here? Should I pay the taxes, and if I do what can I do to make sure I don't have further taxes with this company in the future since it's a dead company?