Which of the following statements is false regarding corporate estimated tax payments? A)The due dates for estimated tax payments are the 15^th day of the 4^th, 6^th, 9^th, and 12^th months of the corporation's tax year. B)Corporations must pay estimated taxes only if they have a federal income tax liability greater than $1,000. C)Even though a corporation extends its tax return it still must pay its tax liability for the year by three and a half months after year-end. D)Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.

Question

Quizplus · Accepted Answer

Corporations must pay estimated taxes if they have a federal income tax liability of $1,000 or more, not only if they owe more than $1,000.

Which of the Following Statements Is False Regarding Corporate Estimated