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Also, all LLCs and S Corps must pay a minimum franchise tax of $800 annually, except for the first year. Your business will be required to pay these taxes in advance four times per year in the form of estimated corporate taxes.
The annualized income installment is the product of the tax on the corporations taxable income for the corresponding portion of the tax year on an annualized basis, and reduced by all prior required installments for the tax year ( Code Sec. 6655(e); Reg. 1.6655-2).