For the 2018 tax year I paid a total of $765 in Quarterly Estimated Payments; US tax form 941.
This is the first year I've done taxes as an S Corp with myself being the sole shareholder and employee. I paid a CPA to handle everything including filling my taxes and I can't wrap my head around line 12 of 1120S. He explained it to me but it's still over my head. I plan to ask him again when he's less busy but in the meantime can you help me make sense of the following:
If I paid $765 in Quarterly Estimated Payments (Form 941) for 2018 why does line 12 on my 1120S show only $536?