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    JNDJTT's Avatar
    JNDJTT Posts: 1, Reputation: 1
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    #1

    Jun 9, 2012, 01:18 PM
    How do you record unpaid income taxes?
    Income taxes related to 2011 are unpaid at year end. How do you record this?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 9, 2012, 04:11 PM
    Quote Originally Posted by JNDJTT View Post
    Income taxes related to 2011 are unpaid at year end. How do you record this?
    A provision is created for this liability so you debit income tax expense and credit the provision for income tax
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