Hi, Martin (@M-MTax)
Thank you so much for your reply!
OK, so if I understand correctly, in their first year of business C-Corps won't be hit with any underpayment penalties; but in any of the later years, their total estimated payments must equal their current or previous years' tax liability, right?
So if a corporation pays $10k in taxes in their first year, in their second year as long as their estimated payments add up to $10k, they won't incur any penalties. Do the payments need to be equal (e.g. $2.5k each quarter)?
