lundi 27 novembre 2017

Are Income Taxes Paid a Deductible Expense for a Sole Proprietor

I owed about $1,000 in income taxes from the return I filed this year. I'm paying $30 a month on it in an installment agreement.

If I go ahead and pay off the rest of what I owe on it in December of 2017, can the amount I've paid on it this year be deducted from my my net profit or loss as reported on my 2017 Schedule C form?


Are Income Taxes Paid a Deductible Expense for a Sole Proprietor

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