Estimated Tax Payments for S Corporations

An S corporation must make quarterly estimated tax payments if the sum of the following estimated taxes, less any credits allowed against the tax, is $500 or more:

• S corporation taxes
• Minimum fee
• Nonresident withholding
• Composite income tax
• Pass-through entity tax

The S corporation must pay quarterly installments based on its required annual payment. The annual payment amount is equal to the S corporation’s total tax liability for the prior tax year or 90% of all the taxes listed, less any credits allowed against the tax for the current tax year (whichever is less).

Note: Estimated payments are not required the first year an S corporation is subject to tax in Minnesota.

Due Dates

Estimated tax payments are due by the 15th day of the fourth, sixth and ninth months of the tax year and the first month of the following tax year. If the 15th falls on a weekend or holiday, payments are due the next business day.

Make Estimated Payments

Include any estimated S corporation taxes, minimum fee, and nonresident withholding or composite income tax in the same quarterly payment.

You can make a payment electronically. See payment options

If you’re not required to pay electronically and choose to pay by check, please complete a payment voucher and mail it with your payment.