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Old 03-17-2008, 05:12 PM
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Join Date: Mar 2008
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How does one pay for their Corporation tax liability?

I owe some corporation tax on my C Corporation, as I was not able to take all the profits in the form of a salary.

1. How do I pay for these taxes?

2. What address should I mail these payments to, my corporation is a regular C corporation based in California!

Thanks in advance!
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Old 03-17-2008, 10:50 PM
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How does one pay for their Corporation tax liability?

The IRS requires that you pay the corporate tax liability using a Form 8109, known as the "Federal Tax Deposit Coupon." Usually, the IRS will have sent you a Form 8109 coupon book after you've applied for your Federal Employer Identification Number.

You basically fill out the respective section related to the Corporation tax liability on the Form 8109 coupon and take it to your local bank. Submit this coupon with all the required parts completely filled out with the Correct EIN#, Corporation Tax Year, Corporation Tax Amount, Business address and telephone number etc., and submit it with the correct payment to the bank.

The Bank will instantly debit your bank account in the amount of the Federal Tax Liability. Hence, there is no need to worry about any mailing of a check to a specific address. It is done instantly by the bank.
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