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Get your taxes done using TurboTax
Hi Busybee22,
Thank you for asking. First of all, we need to know what kind of business taxes you are referring to, for example, is it a Partnership, S Corp, C Corp, or Self Employment? For gerneral speaking of quarterly taxes, is it refer to form 941 payroll tax or just regular 1040-ES?
If it is for form 941 quarterly payroll tax, the money goes to social security and medicare tax. You may refer to IRS website, regarding to form 941 and form 944.
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‎November 16, 2022
12:29 PM