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Form 1040 ES OTC

Form 1040 ES OTC

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Instructions and help about Form 1040 ES OTC

I have an LC taxes and S corporation I accidentally paid my 1040 estimated tax payments from my business account can I set this transaction as an owner's draw because your setup as an LC tax is an S corporation that's considered a pass through entity so any profit from that S corporation is going to flow through to you personally and then you personally are where you're going to pay the taxes on that profit so when we're paying taxes estimate tax payments for an S corporation we want to try to do those from our personal account if you ask recently did him from your business or that's where the money was no problem yeah just mark it as an owner draw no problem there but in a perfect world it should be paid personally because that's a personal tax not a business tax

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