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How should I record in Quickbooks a prepaid estimated tax payment. As a prepaid Asset and then adjust it when you pay the actual tax at the end of the year?
This type of payment is actually a pre-paid liability and not an asset. It will be adjusted out as you file your tax return, when it becomes an expense item.
I need to download a 1040A tax form?
i need to download a 1040A tax form
need arizona state income tax form?
need arizona state income tax form
need copy of state tax forms?
need state tax form
What is the exact difference between advance tax and provision for tax?
Advance tax would be prepaid taxes, or overpaid taxes left with the taxing body. It is an asset account, a deferred credit.Provision for taxes would be an estimate of tax liability for the period covered by the financial statements. It is a liability account.More information: http://www.nysscpa.org/cpajournal/old/12268824.htmAdvance tax would be prepaid taxes, or overpaid taxes left with the taxing body. It is an asset account, a deferred credit.Provision for taxes would be an estimate of tax liability for the period covered by the financial statements. It is a liability account.More information: http://www.nysscpa.org/cpajournal/old/12268824.htm
How should I record in Quickbooks a prepaid estimated tax payment. As a prepaid Asset and then adjust it when you pay the actual tax at the end of the year?
This type of payment is actually a pre-paid liability and not an asset. It will be adjusted out as you file your tax return, when it becomes an expense item.
I need to download a 1040A tax form?
i need to download a 1040A tax form
need arizona state income tax form?
need arizona state income tax form
Need Illinois State tax form for 2010?
“Need Illinois State tax form for 2010”
need form M1PR?
I need to get a a copy of M1PR rental tax form can I print a copy of M1PR rental tax form
I need IRS tax form8283?
I need IRS Tax Form 8283 ?
need copy of state tax forms?
need state tax form
What tax form do employees need to fill out?
Employees need to fill out a W-4 form for federal income tax withholding and a state-specific form for state income tax withholding.
Which tax form is required to file when I have a tax deductible car donation?
You will need to complete tax form 1098-c for a car donation tax.
How much should I expect from my state tax returns?
You can always get an estimate on how much in state tax returns you will receive, however, in order to get an exact estimate, you will need to go to a tax specialist.
What is the exact difference between advance tax and provision for tax?
Advance tax would be prepaid taxes, or overpaid taxes left with the taxing body. It is an asset account, a deferred credit.Provision for taxes would be an estimate of tax liability for the period covered by the financial statements. It is a liability account.More information: http://www.nysscpa.org/cpajournal/old/12268824.htmAdvance tax would be prepaid taxes, or overpaid taxes left with the taxing body. It is an asset account, a deferred credit.Provision for taxes would be an estimate of tax liability for the period covered by the financial statements. It is a liability account.More information: http://www.nysscpa.org/cpajournal/old/12268824.htm
What are the requirements for filing a MI 1040ES form for estimated tax payments in Michigan?
To file a MI 1040ES form for estimated tax payments in Michigan, you need to estimate your annual income, calculate your estimated tax liability, and make quarterly payments based on the schedule provided by the Michigan Department of Treasury.
