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Level 7
December 11, 2018
Solved

What category should I expense my LLC annual tax fee to? Should it be separated from my quarterly tax payments when tracking the expense through quickbooks?Thanks!

  • December 11, 2018
  • 1 reply
  • 46 views
No text available
Best answer by Rustler

Yes it is an expense, you can name the expense account as you wish when you create it, or use professional fees and taxes

If this is an estimated quarterly tax payments for a sole proprietor or partner it is an equity draw

1 reply

Rustler
RustlerAnswer
Level 15
December 11, 2018

Yes it is an expense, you can name the expense account as you wish when you create it, or use professional fees and taxes

If this is an estimated quarterly tax payments for a sole proprietor or partner it is an equity draw