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Q: Most corporations must estimate their annual income taxes and make (Points : 3) annual payments. semiannual payments. monthly payments. quarterly payments.
A: Most corporations must estimate their annual income taxes and make monthly payments. Small employers with an employment tax liability of $1,000 or less for the year may be able to pay annually on Jan. [ 31 and file form 944, Employer’s Annual Federal Tax Return. Typically, the IRS notifies employers of their eligibility to file form 944; if you believe you are eligible, but have not received
official notification, contact the IRS. Due: Monthly or semiweekly (in most cases) ]
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User: Income taxes for a corporation are normally reported as a separate expense item on the income statement. True or False

User: Most corporations must estimate their annual income taxes and make (Points : 3) annual payments. semiannual payments. monthly payments. quarterly payments.



Weegy: Most corporations must estimate their annual income taxes and make monthly payments. Small employers with an employment tax liability of $1,000 or less for the year may be able to pay annually on Jan. [ 31 and file form 944, Employer’s Annual Federal Tax Return. Typically, the IRS notifies employers of their eligibility to file form 944; if you believe you are eligible, but have not received official notification, contact the IRS. Due: Monthly or semiweekly (in most cases) ]
Expert answered|cadbury19020|Points 73|

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Asked 9/14/2013 10:25:25 PM
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