Hi - I'm preparing my S Corp return but need to file an extension. The form asks for estimated tax and payments; however, the S Corp itself does not owe any tax, correct? (The income is not passive). Would I enter zeroes here? We did make estimated tax payments (personal).
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Yes, generally, the S corporation will not owe any tax, and is not required to pay estimated taxes.
Yes, generally, the S corporation will not owe any tax, and is not required to pay estimated taxes.
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