Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Estimated Corp Tax

Posted by taxguru on April 20, 2006

 

Q:

Subject: C Corp estimated tax

Hiii
Wonderful 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

 

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