Spouse has a sole proprietorship LLC. Her taxes were included with the personal tax return. Taxes are owed. Can taxes be paid from either a personal checking account or a business checking account? or just the personal account?
You'll need to sign in or create an account to connect with an expert.
What is your question?
accidentally posted. Question re-entered
Your taxes can be paid from either the personal checking or the business checking, the IRS does not care either way. If you are paying online, you will just log into her online portal and make the payment by entering the account number you choose to use. If you are sending a check, be sure in the memo line to include her SSN and Tax Year that the payment is for along with the voucher that will print with your return.
While the taxes can be paid from any account, the taxes paid are not an expense to the business and cannot be deducted from its income the year it is paid.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rebeccamichel25
New Member
gk5040
Level 3
rebateme
Level 2
gxt1
Level 3
user17521040998
Level 1