What is the name of your state? WA
I have C corporation doing form 1120 for 2006.
Last year this corporation paid $5300 in federal taxes when 2005 taxes were done. Is this $5300 considered as deduction for 2006 corporate tax calculation?
In corporation account the $5300 is an expense item for 2006. the corporation did not file or pay any quarterly taxes.
I have C corporation doing form 1120 for 2006.
Last year this corporation paid $5300 in federal taxes when 2005 taxes were done. Is this $5300 considered as deduction for 2006 corporate tax calculation?
In corporation account the $5300 is an expense item for 2006. the corporation did not file or pay any quarterly taxes.