Sole Proprietor Business/Personal bank account

I'm preparing a 433-OIC. Taxpayer has a bank account in his name with a DBA of the business on the account. Do I need to include the account on the personal or business assets? The account is relatively small and although it has a balance in it, the balance is needed to meet current bills and employee paychecks.

Comments

  • KellyKelly Posts: 10

    If the bank account is under his SSN I would include it as a personal asset, if under his EIN a business asset.

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