qbteachmt
Level 15

An S corp doesn't pay its own Federal Income or State Income taxes.

And since it is never a good idea to put Real Estate into an S Corp, is the Business Equipment Tax, not Real Estate property tax?

You don't report a total sum of these taxes. For instance, Payroll taxes are separate and not part of Property or Franchise taxes. The employer's share of taxes are part of Gross Payroll, and the employee share is never reported as Expense by the employer, since it's already part of gross wage expense.

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers