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Accrued state income taxes for cash basis tax payer

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    #1

    Accrued state income taxes for cash basis tax payer

    I've received differing opinions on writing off state income taxes. Do you write off accrued state taxes if your tax payer is cash basis?
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    #2
    Tax payer is Corp.

    I should have mentioned that the tax payer is an S Corporation.

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      #3
      Originally posted by Hamacher View Post
      I've received differing opinions on writing off state income taxes. Do you write off accrued state taxes if your tax payer is cash basis?
      No............

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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