Steven asks…Does my S Corporation have to pay estimated taxes?I started my S Corporation on 2/1/08. I am a little confused about how to pay my taxes. I know that when I pay myself, or I have a distribution to shareholder, that the corp pays taxes on that amount equal to what I pay as the recipient. (ex. If I gross $100 on a paycheck and I net $80 then I paid $20 in taxes. The corporation also pays $20.)
So do I also have to pay an estimated tax every quarter? If so then is the amount I pay
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