Is an S corporation required to pay quarterly estimated tax?
July 14, 2014
Q) Is an S corporation required to pay quarterly estimated tax?
A) According to the IRS:
Sometimes an S corporation must make estimated tax payments.
An S corporation must make installment payments of estimated tax if the total of the following taxes is $500 or more:
- The tax on built-in gains,
- The excess net passive-income tax, and
- The investment credit recapture tax.