Which Form to Pay Quarterly Taxes for my Incorp'd Business?

In Jan 07, I incorporated a business and need to pay quarterly taxes. I've been to

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andcannot find the answer (tho I'm sure its there somewhere). What is the form to use?

Thank you!

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Reply to
Ralph
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You can use a Federal Tax Deposit coupon, Form 8109, or you can enroll in EFTPS. For more information on EFTPS, see IRS Publication 966 and go to the EFTPS website.

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Condor

Reply to
Condor

"Ralph" wrote

If you have payroll, you'll have payroll taxes to pay. That would include Form 941, and there may be the need to pay federal unemployment tax and/or state unemployment tax. In addition there would generally be state withholding tax to be paid. As far as the corporate income taxes go, the corporation may need to make a quarterly tax estimate. Both the federla payroll taxes and the federal corporate estimated tax deposits can be made through EFTPS, electronic federal tax payment system, or using form 8109 coupons marked accordingly. The fact that you seem clueless on this basic of topics leads me to believe that you didn't seek the advice or counsel of a tax or legal professional when you incorporated. If you did, you should direct your questions toward them, as they are more in-tune with you and your business than anyone here is, and can therefore advise you best.

-- Paul A. Thomas, CPA Athens, Georgia

Reply to
Paul Thomas, CPA

Use form 1120-W (which is not filed) to compute the amount of the quarterly deposits you need to make and Form 8109 to accompany deposits made by check.

Reply to
Bill Brown

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