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June 6, 2019
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How to estimate taxes for S Corp on Extension form 7004?

  • June 6, 2019
  • 1 reply
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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).

Best answer by RichardK

Yes, generally, the S corporation will not owe any tax, and is not required to pay estimated taxes.

1 reply

RichardKAnswer
Employee
June 6, 2019

Yes, generally, the S corporation will not owe any tax, and is not required to pay estimated taxes.