I just finished a successful representation of a worker classification audit without having to take the case to court, and established a rather interesting rapport with the very decent representatives of the Florida Department of Revenue. Their team provided me with a particular tip I want to give you, which may save you from a worker classification audit.
Estimated tax payments are the most misunderstood issue among our individual taxpayer clients. People tend to think that April 15th is tax filing and payment date. However, you may be under an obligation to make estimated tax payments based on your prior year’s tax liability.
Due date - January 15th of 2019
C corporations are required to make estimated tax payments totaling 100% of the prior year’s tax liability in four equal installments. By now you should have made three installments of corporate estimated tax payments for 2018. If you did not, the you should pay the entirety of your estimated payments by January 15 of 2019 to minimize the penalties.
Deadline is January 15th