United Methodist Communications provides a one-time grant to new church planters to help support the early development of a new faith community.nited Methodist Communications provides a one-time grant to new church planters to help support the early development of a new faith community.
If your business is organized as a corporation, the income tax return or extension is due by the 15th day of the 3rd month after the end of your tax year. For example, if your corporation is a calendar year taxpayer with a December 31 year end, you must file a 2015 tax return or extension request by March 15, 2016. If your business is organized as a partnership, your income tax return or extension is due by the 15th day of the 4th month after the end of your tax year. For example, if your partnership is a calendar year taxpayer, with a December 31 year end, you must file a 2015 tax return or extension request by April 15, 2016.
Corporate Tax Payments. The corporation must file a corporate tax return, IRS Form 1120, and pay taxes at a corporate income tax rate on any profits. If a corporation will owe taxes, it must estimate the amount of tax due for the year and make quarterly payments to the IRS in April, June, September, and January.nother tax benefit of forming a corporation is that the company can deduct the full cost of fringe benefits provided to employees -- almost always including the business's owners -- and the owner-employees are not taxed on these benefits.