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Ons subject to tax under Article 9, sections 184, 184-a, 186-a, 186-c, and 186-e only Tax Year Employer identification number Business telephone number ( ) File no. Return type (required) State or country of incorporation Beginning (mm-dd-yyyy) Ending (mm-dd-yyyy) Date of incorporation MFI due date Legal name of corporation Foreign corporations: date began business in NYS Mailing name (if different from legal name above) Date received (for Tax Department use only) c.

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Under the current-year safe harbor, no estimated tax penalty is imposed on a corporation that pays, by each quarterly due date, 25 percent of the required annual payment.

The installments are due by the 15th day of the 4th, 6th, 9th, and 12th months of the tax year. If an installment due date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next regular business day.

An S Corp is generally required to make estimated tax payments. Taxes must be paid for the income you receive throughout the year. You can choose to withhold these taxes (by saving an estimated amount from gross wages to pay directly to the government), or make estimated payments.

The rule is that you must pay your taxes as you go throughout the year through withholding or making estimated tax payments. If at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment.

Corporations whose tax liability for the second preceding year ex- ceeds $1,000 are required to pay 25% of the tax liability for the second preceding year as a first installment of estimated tax for the current year (MFI).

Internal Revenue Service S-corporations must also make estimated tax payments for certain taxes. S-corporations should see the instructions for U.S. Income Tax Return for an S-Corporations (Form 1120S), to figure their estimated tax payments.

You retired (after reaching age 62) or became disabled during the tax year for which estimated payments were required to be made or in the preceding tax year, and your underpayment was due to reasonable cause and not willful neglect. For information on how to request a waiver, see Form 2210 Instructions PDF.

Because of pass-through taxation, the S corporation doesn't pay federal income tax on its business income the way a C corporation does. Instead, business income, deductions, losses, and other tax items flow through (or pass through) to the business owners (e.g., the shareholders).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232