Regular C-Corporations are required to pay estimated quarterly taxes based on projected tax liability or prior years tax liability (payable over 4 quarters).
For most small corporations, a quarterly tax payment voucher is usually prepared by your CPA and this is the method by which projected tax liabilities are paid quarterly!
When a Corporation tax return is filed, the tax liability if any at the time of filing the return is not paid via a check, but instead a Federal deposit coupon is prepared and appropriate places are marked and a business check accompanies this coupon and it is presented to your bank for payment. In this manner, the IRS immediately debits/collects this tax liability.
Last edited by TaxGuru : 03-06-2007 at 04:17 PM.