Typically, each of your quarterly estimated payments will be equal to at least 25% of the lesser of 100% of the estimated income tax for the current year or 100% of the tax shown on the corporation's tax return for the preceding year (unless no tax return was filed in the preceding year, or if that tax return was for fewer than 12 months). Use Form 8109, available from the IRS (call 1-800-TAX-FORM or contact your local IRS office) to accompany your tax deposits. Note: Some corporations are required to use the Electronic Federal Tax Payment System to make tax deposits electronically. Contact the IRS or your accountant for more information on how to make deposits.
|