Which of the following statements is correct regarding S corporation estimated taxes?
A. S corporations with a federal income tax liability of $100 due to the excess net passive income tax must pay estimated taxes.
B. S corporations that owe $5,000 in LIFO recapture tax only must pay estimated taxes.
C. S corporations never pay estimated taxes.
D. S corporations with a federal income tax liability of $500 due to the built-in gains tax or excess net passive income tax must pay estimated taxes.
E. None of the choices are correct.
Answer: D
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