Are the taxes I pay for my business such as form 941 considered a business expenses?

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Are the taxes I pay for my business such as form 941 considered a business expenses?

2007-07-03 12:03:18 · 2 answers · asked by AccountingAC 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

Yes. But be sure not to double-dip on the part of the money that's withheld from the employee's checks - you can't take their full gross PLUS the total 941 total amount since at least half of the 941 amount is from the employee's gross.

2007-07-03 15:31:02 · answer #1 · answered by Judy 7 · 1⤊ 0⤋

Yes, this is a business expenses.

2007-07-03 12:08:33 · answer #2 · answered by reality 6 · 0⤊ 0⤋