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Do corporations have to make estimated tax payments?

 
 
Answer #70 -- ( Published 08/04/2005 10:49 AM | Updated 08/08/2012 10:01 AM )

Do corporations have to make estimated tax payments?

Corporations (other than S corporations) who can reasonably expect their income and replacement tax liability to be more than $400 must make quarterly estimated payments. Estimated Payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the tax year. Corporations who mail estimated tax payments must complete Form IL-1120-ES, Estimated Income and Replacement Tax Payment for Corporations.

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