Can I file and pay quarterly taxes and prepayments for my LLC/S-Corp with Turbo Tax?

[tagteam · Accepted solution]

If you have an LLC with an election to be treated as an S corporation, then that entity is a pass-through to the shareholders (who receive a K-1 (1120-S); the S corporation does not pay federal income tax except in unusual circumstances.

As a result, the shareholders may need to pay estimated taxes and can do so by printing and mailing Form 1040-ES or using one of the payment sites run by the IRS.

See https://www.eftps.com/eftps (requires registration)

See https://www.irs.gov/payments

[tagteam]

If you need to file Form 941 to report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks:

See https://www.irs.gov/forms-pubs/about-form-941

Note that TurboTax does not support Form 941.