AccountingBLOCK - Accounting Forums - View Single Post - Paying Income Taxes with a Business Check, is it an expense?

flexdeck · 04-15-2008, 01:27 PM

Unless you are a C-corp it is not a business expense and should not be paid with a business check. If you did pay with a business check you need to code it to either an equity account, note receivable or note payable.

04-15-2008, 01:27 PM	#3 (permalink)
flexdeck Status: Getting feet wet Join Date: Mar 2008 Posts: 32	Unless you are a C-corp it is not a business expense and should not be paid with a business check. If you did pay with a business check you need to code it to either an equity account, note receivable or note payable.