how to journal the corporation tax paid by a corporation?

Hi tomluck,

Welcome to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here. Otherwise, feel free to check out this article here with more info on how to: Create a journal entry in QuickBooks Online.

Feel free to keep us posted on how you make out. I'll be one message away.

There should have been an entry made in the prior year in the corporate tax payable laibility account.  You would debit the corporate tax payable account.