View Single Post
Old 04-15-2008, 01:30 PM   #5 (permalink)
mztman
 
Status: n00b
Join Date: Apr 2008
Posts: 10
mztman is on a distinguished road
Default

If we are talking about an LLC, income taxes are the personal responsibility of the business owner and are not a business expense. You would post them to something like Owner's Draw.

If these are corporate income taxes then an expense accounts called Income Tax expense would be acceptable.
mztman is offline   Reply With Quote