Payment of Tax Due

A corporation must make estimated tax payments if the tax liability will be $500 or more. If liability less than $500, payment is due at the time the return is due.

Payment of tax depends upon whether or not the corporation has an office or place of business in the United States.

A foreign C Corporation that maintains an office or place of business in the U.S. pays all tax liability by the 15th of the 4th month following the tax year, but if certain conditions are met, the corporation is granted an automatic extension until the 15th day of the 6th month following the close of the taxable year to file the income tax return and to pay the tax.

A foreign corporation that does not maintain an office of place of business in the U.S. must pay all their tax liability by the 15th day of the 6th month following the tax year.

Payments are made directly to the IRS and are not governed by depository requirements.