The corporation must use electronic funds transfer to make installment payments of estimated tax. If any date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next regular business day. The installments are due by the 15th day of the 4th, 6th, 9th, and 12th months of the tax year. The corporation must make installment payments of estimated tax if it expects its total tax for the year (less applicable credits) to be $500 or more. To contact EFTPS using the Telecommunications Relay Services (TRS), for people who are deaf, hard of hearing, or have a speech disability, dial 711 and provide the TRS assistant the 80 number above or 80. To get more information about EFTPS or to enroll in EFTPS, visit or call 80. Services provided by a tax professional, financial institution, payroll service, or other third party may have a fee. EFTPS is a free service provided by the Department of the Treasury. Also, it may arrange for its financial institution to submit a same-day payment (discussed below) on its behalf. However, if the corporation does not want to use EFTPS, it can arrange for its tax professional, financial institution, payroll service, or other trusted third party to make deposits on its behalf. Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). In this case, the tax returns of the corporations may be filed with the service center for the area in which the principal office of the managing corporation is located.Ĭorporations must use electronic funds transfer to make all federal tax deposits (such as deposits of employment, excise, and corporate income tax). Less than $10 million and Schedule M-3 is not filedĪlabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, WyomingĪ group of corporations with members located in more than one service center area will often keep all the books and records at the principal office of the managing corporation. If the corporation's principal business, office, or agency is located in:Īnd the total assets at the end of the tax year are:Ĭonnecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin Regulated investment company (section 851) Real estate investment trust (section 856) Interest charge domestic international sales corporation (section 992)įoreign corporation (other than life or property and casualty insurance company filing Form 1120-L or Form 1120-PC)Ĭondominium management, residential real estate management, or timeshare association that elects to be treated as a homeowners association under section 528įund set up to pay for nuclear decommissioning costs (section 468A) Subchapter T cooperative association (including a farmers' cooperative)Įntity that elects to be treated as a real estate mortgage investment conduit (REMIC) under section 860D Religious or apostolic organization exempt under section 501(d)Įntity formed as a limited liability company under state law and treated as a partnership for federal income tax purposes Instead of filing Form 1120, certain organizations, as shown below, file special returns.Įxempt organization with unrelated trade or business income
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