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Taxes affect cashflow and would affect the balance sheet if paid with corporate funds. But are not expenses for tax purposes.
Only OTHER taxes paid (property tax, etc) are deductible for TAX purposes.
If you used corporate funds as would be expected you MUST make a balance sheet entry.
M-1, as a part of Form 1120, reconciles book income to taxable income. This reconciliation, along with the balance sheet and analysis of unappropriated surplus (Schedule M-2) must be completed if total business assets exceed $25,000 (even on a Schedule 1120-A).
Hope that helps to clarify