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Last Updated: 7/10/2015

Estimated Tax Payments

​A partnership 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:

  • Minimum Fee;
  • Nonresident withholding; and
  • Composite income tax.

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

Making Estimated Payments

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

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.

You can pay your estimated tax electronically by one of the following methods:

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.