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4 Cards in this Set
- Front
- Back
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Corporation estimated tax payments and due dates & increase on estimated tax treatment |
*A calendar-year corporation is required to pay 25% of the lesser of - 100% prior year tax liability or - 100% current year estimated tax *Estimated tax is paid on the 15th day of the 4th, 6th, 9th, and 12th months of the year * increase on est tax liab must be paid on the next quarterly payment |
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Large corporation def and estimated tax payments |
Large corporations: taxable income of $1 mil or more during any of 3 preceding years |
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Tax return due date for corporation |
15th day of 3rd month |
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No penalty tax imposed on which situations? |
- Tax liability is < $500 - IRS waiver - erroneous notice from IRS |
