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I have a S-Corp. Have a personal and business checking account.

Customer Question
Can I pay my Est...
I have a S-Corp. Have a personal and business checking account. Can I pay my Est. Taxes with my business account.
Submitted: 6 years ago.Category: Tax
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Answered in 7 minutes by:
6/3/2011
Tax Professional: Lev, Tax Advisor replied 6 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,162
Experience: Taxes, Immigration, Labor Relations
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LEV :

Hi and welcome to Just Answer!
Yes - you may use the business account for your S-corporation to pay your personal estimate taxes.
Depending on your circumstances that amount will be treated as
- a distribution from the S-corporation to you, or
- wages paid by the S-corporation to you, or
- a loan from the S-corporation to you
Let me know if you need any help or clarification.

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,162
Experience: Taxes, Immigration, Labor Relations
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