Business income tax

Reminder

A partnership or S corporation must make quarterly estimated tax payments if the sum of these estimated taxes, less any credits allowed against the tax, is $500 or more:

  • Minimum fee
  • Nonresident withholding
  • Composite income tax
  • Pass-through entity tax

Quarterly estimated payments are due for calendar year filers:

  • April 15
  • June 15
  • September 15
  • January 15 of the following year

?How do I calculate my estimated payments?

The partnership or S corporation must pay quarterly installments based on its required annual payment. The annual payment amount is equal to the lesser of either:

  • The business? total tax liability for the prior tax year
  • 90% of all the taxes listed, less any credits allowed against the tax for the current tax year

How do I make my estimated tax payment?

?Need help?

No Longer in Business?

If you are no longer in business, you can close your account by calling 651-556-3075.


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