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Who pays IRS taxes on company (S corp) income (the corporation or the shareholders?)
This year I am attempting to file our corporate taxes with Turbo Tax for business. In looking at my expenses, I noticed that the accountant who did last year's taxes, listed the payment for the IRS tax due as a disbursement to the shareholders (my husband and I own 100%), I thought the company would pay any taxes due (Fed and State) and my husband and I would pay our own personal taxes including any disbursements).
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‎June 6, 2019
6:13 AM