Federal Tax Payment for a C-Corp

[PASLLC7154]

How is the payment for Federal taxes on a C-Corp accounted for?  I know it can not be deducted but if they pay for it out of the business what is the offset in terms of accounting for it? 

[mdavolio]

Hi,

1) Credit to cash, debit an expense account, such as federal tax expense, but it's a book/tax difference.

2) If accrual based, you usually have a liability account that has been created before the payment is made.

Thank you,

Mike