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Figuring corporate estimated tax
July 16, 2024
Categories: Annualized Income, Corporate Tax, EstimatedTaxPayment, Seasonal Income
The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated tax without triggering the penalty for underpayment of estimated tax. Four possible options The required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under one of the following