Level 10
04-07-2022
07:49 PM
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Payment of 'withholding' taxes is not an expense nor revenue nor asset nor liability. Just part of the payroll cycle.
Now, pass-Thru entities, like S Corps, partnerships, etc, often pay COMPOSITE payments for shareholders/partners, and that flows thru to the K-1s for the shareholders/partners to claim on personal returns.
So, I'm still a little confused of what your question really pertains to.
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