You must enter the minimum tax amount. Minimum tax is the amount you must pay the first quarter of each accounting period whether the corporation is active, operates at a loss or does not do business. The current minimum tax is $800. For new corporations hat qualify or incorporate after January 1, 2000, the minimum tax is $0.00 for the first tax year, but is measured based on income for the year and is subject to estimate requirements and $800 minimum tax for subsequent years. S corporations must pay at least the minimum tax and any applicable QSub annual tax each year. An S corporation that is the parent of a QSub must pay the $800 annual tax for each QSub.
