Should my "S" corporation pay taxes quarterly or annually?

Answer 1

s corps dont pay taxes....this is the purpose of electing to be an s corp.....the income or loss is a pass through the the officers' personal tax returns.....unless of course you are speaking of payroll taxes and then it depends on how much payroll you have...most of my clients pay monthly

Answer 2

As several posters have noted, an S corporation generally does not pay income tax, and so does not have to make estimated tax payments. There can be exceptions for special circumstances, so you should consult an accountant for specific guidance. You as a shareholder of an S corporation, however, do have an obligation to file estimated taxes with respect to your share of the profits. Again, an accountant can advise you as to the specific requirements applicable to your situation.

With respect to other taxes, such as property, sales, and payroll taxes, an S corporation is treated the same as any other business and must make payments periodically. You must withhold and deposit income and social security taxes from wages, and must pay the employer's share of social security tax as well. These payments may be required to be made more often than quarterly.

Answer 3

S-Corps don't pay income taxes, the shareholders do. You are required to make quarterly estimated tax payments if you expect to have more than $1,000 in tax liability in any year that is not covered by withholding.

Answer 4

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RE:
Should my "S" corporation pay taxes quarterly or annually?

Answer 5

a S corp doesn't pay taxes at all.

the corp files a form 1120S and K1 but the shareholders of the corp pay the tax
the K1 form shows each shareholder their % of gain or loss
this amount goes on Schedule E and eventually to form 1040
If you will have a large profit from the S corp you should pay in estimated taxes each quarter for yourself on form 1040ES

Answer 6

Any profits made by your s-corp will pass through to your personal return. If the amounts are significant, then you should be making quarterly payments.

Answer 7

I believe you pay quarterly--just like a regular corporation.

Answer 8

It's easier and less cumbersome to do it quarterly.