How do I record income tax owing?

Hello, Larry.davey!

You can set up a liability account to keep track of income tax you owe to the government. For specifics on which accounts to use when recording the liability, I recommend consulting an accountant.

You may also find this answer by one of our AllStars insightful. It's in response to a question about recording income tax paid for a sole proprietorship.

https://community.intuit.com/replies/2928338

I hope you have a great day!

Sharon