Welcome to home biz tax talk my name is lissandra Everett and I am the home biz tax lady where I help home business owners win the tax game home biz tax talk airs Monday through Friday 9:00 o'clock ish and when you tune in to my show you got to hear about topics that are important to the home business communities all right so today we're going to talk about quarterly payments estimated tax payments you know on the show I announce when the estimated tax payments are due and that got some people's wheels turning and so now the question is well when and how does my LLC pay estimated tax payments all right so let's talk about the LLC as it relates to your taxes your LLC does not pay taxes okay that's the one thing that you have to understand the only business structure that pays is own files and pages own taxes is a seed corporation okay all the other are the others business structures they wind up on your personal taxes now you may have some state requirements for taxes but at the federal level the C corporation is the only entity that files and pays its own taxes and what I mean by requirements at the state level meaning that still you don't file but you might still have for your business structure you may have a minimum tax due so for instance in Massachusetts if you have an S corp you have a four hundred and fifty six dollar minimum tax due regardless of if you whether or not you made money okay so in some states and localities your LLC's also have some sort of tax to pay whether it's a business privilege tax or if it's a minimum taxes do...
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Corporate Estimated Tax Payments Due Dates 2023 Form: What You Should Know
Generally the estimated payment for a tax year is due on or before June 15. Corporate income tax returns are required to show amounts that are due and outstanding, plus the estimated amount of tax due that is attributable to that taxable year and which cannot be reversed. Corporate income tax returns are due when the first payment on the return is received. If there has been an error in the return, the return may be examined for corrections. The return examiner must find whether the error was material and prevent the return from being used to correct previously made tax errors. Corporate income tax returns do not include credits, and must be filed on Form 1120-W or Form 1120-S. 2 Instructions for Form 1120-W — IRS Inspect Form 1120-W prior to filing to determine if an income tax return was filed, for which the tax amount of the return is expected to be equal to or greater than the applicable liability with respect to the period of time for which the return is required. Note: Do not fill in any blank pages on the return. Form 1120-W — Estimated Tax for S Corporations This form, to which you'll submit your Form 1120-W, provides the employer with the information necessary to set and collect a tax. The information provided in the Form 1120-W can be used for various purposes by the employer, without regard to the form or other requirements of Section 471. Form 1120-W (Estimated Tax for S Corporations) This is the Form 1120-W, with a new addition to the Form 1120-W by the U.S. tax code, from 2 to 2. From 2 until 2, an additional 10,000 square miles is added to the 50-year-old area of the United States, which is now located in Hawaii, Alaska, Guam, Puerto Rico, and the U.S. Virgin Islands. All the new lands are not subject to income tax.
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