1120-W Form - C corporations that expect to owe more than $500 in taxes for the year must make quarterly estimated tax payments to avoid penalties. Who must make estimated tax payments. It isn't sent to the irs but is retained by the corporation. This helps avoid underpayment penalties and spreads out tax payments over the year. If you have completed your tax return, and you are using the desktop program, locate your estimated tax due in taxact ® by following these steps:
Who must make estimated tax payments. C corporations that expect to owe more than $500 in taxes for the year must make quarterly estimated tax payments to avoid penalties. If you have completed your tax return, and you are using the desktop program, locate your estimated tax due in taxact ® by following these steps: It isn't sent to the irs but is retained by the corporation. This helps avoid underpayment penalties and spreads out tax payments over the year.