Tax Guru-Ker$tetter Letter
Thursday, April 20, 2006
Estimated Corp Tax
Q:
Subject: C Corp estimated tax
HiiiWonderful blog!How do u calculate c corp estimated tax?
A:
Technically, you should estimate what the net taxable income will be for the year, calculate the tax and divide that by four to figure your quarterly payments.
Your professional corporate tax accountant can help you with this, as well as how to best utilize the safe harbor methods that are available to possibly justify lower quarterly payments.
As with all corporate tax matters, this is not something that you should be handling on your own, without professional assistance.
Kerry Kerstetter