➡️ What type of taxes do pass-through entities have?
➡️ How do you typically pay taxes on a pass-through entity?
➡️ Is it acceptable to pay taxes from the business bank account?
➡️ What is the technically correct way to pay taxes for a pass-through entity?
➡️ How does the IRS view paying taxes from the business bank account?
When a business is set up as a pass-through entity, the business itself does not pay federal taxes; all of the profits pass through to the business owner, who pays taxes on the income on their personal tax return. The owner can choose to pay these taxes out of their business bank account or by transferring the money to their personal account and then paying out of that. That is technically the correct way to do it would be to take the money as an owner's draw and then pay the taxes out of the personal account. However, paying the taxes out of the business account is also acceptable!
-
2:23
The Pechmann Team
3 years agoEscrows and receiving tax bills
8 -
44:20
Tax Lien and Deed Education consultant
3 months agoBusiness Entity & Taxes information session p1
32 -
0:25
Investment and Financial Literacy
7 months agoFitzsimons Tax Services
2 -
4:10
FREEDOM - TRUTH - JUSTICE
1 year agoOUR GOVERNMENT AND TAXES
2441 -
1:29:03
Our Silverlines
1 year ago $1.18 earnedOur SilverLines - Stress Free Taxes for Home Based Businesses - Courtney Epps - 2/7/23
8861 -
0:49
NealsonGroup
1 year agoTax Code 101
4 -
6:41
Question the Narrative
10 months agoQuestioning the Narrative of Taxes
3.42K21 -
0:34
OGbella
1 year agoTax Preparation Service | Filing Taxes | Tax Return Help | Taxes 2023 |Taxes Explained
27 -
0:16
Thetaxbloke
1 year agoTHE BEST ENTITY TYPES!
2 -
1:38:24
FreedomLawSchool
11 months agoIs the federal income tax a DIRECT or indirect tax?
8606