I am self-employed and have a single-member LLC. Are my federal taxes paid last year a business or personal expense? Are they deductible? How can I categorize them?
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I am self-employed and have a single-member LLC. Are my federal taxes paid last year a business or personal expense? Are they deductible? How can I categorize them?
I am self-employed and have a single-member LLC. Are my federal taxes paid last year a business or personal expense? Are they deductible? How can I categorize them?
Federal taxes paid are never deductible on business or personal. Unless you mean estimated taxes you paid in for 2020.