Is Income Tax withholding an Asset or an Expense ??

[David]

On Sun, 02 Mar 2003, Neil wrote:

> > show my income tax
> > liability as a liability, and the tax withholdings as an asset
> > (deducted from the paycheck to a Tax Prepaid 2003 asset account.)
> > 
> > Any estimated tax payments would go into the same Tax Prepaid 2003 account.

> For what it's worth (IANAA), I do exactly what you describe.  The only

Thanks - sounds like good news - I'd better get busy with the mouse and make
those new account trees - its March already :-}