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S Corp receives State Refund

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    S Corp receives State Refund

    I am brain dead - Accounting Issue in QB

    Have an ES payment as a credit carryover from prior year as taxes paid - accounting entry to book the o/p from 2012 to 2013

    State ignores and sends a refund check

    Can someone give me the Accounting Entry - not getting it to work right

    ES Pay carryover - entry from 2012 to 2013
    Then book the refund check

    Do I show as a State tax deduction on the 1120S and then also as Income or can I just "wash out" with no entries pm 1120S -

    Thinking I should show ES taxes paid and then Income on Tax Return?

    I just can't quite make my QB work right and have it match to the Tax Return?

    Thanks

    Sandy
    Last edited by S T; 03-14-2014, 01:07 AM.
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