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Can I Deduct wages earned but not paid?
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
When can you deduct expenses paid by credit card?
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
Can you deduct real estate taxes paid on behalf of another person if you do not own the property in question?
No. You can't deduct RE tax, or any payment really, for something you were not obligated to. However, it does sound like the one who you paid the tax for has income in the amount you provided for them.
Bought Home in Jun 2007 Paid Property tax for 2007 4000 in 2008 and 4000 for 2008 in 2008 Do you Deduct 8000 ie full 07 and full 08 or 6000 ie for half 07 and full 08?
You deduct the actual amount you paid in property taxes during calendar year 2008, no matter what year it was for. If you paid it in 2008, you deduct it in 2008. Of course, you subtract any amount that the previous owner reimbursed you at closing.
Is it possible for me to deduct medical expenses that were paid by someone else?
No, you cannot deduct medical expenses that were paid by someone else on your tax return.
Can I deduct taxes paid for the previous year on my tax return?
Yes, you can deduct taxes paid for the previous year on your tax return if you itemize your deductions.
Can I deduct federal taxes paid for a prior year on my current tax return?
No, you cannot deduct federal taxes paid for a prior year on your current tax return.
Can you deduct health insurance premiums you paid?
If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid from pre-tax income such as through a cafeteria plan, then you are not allowed to deduct the premiums.
Can I deduct state taxes paid for the previous year on my tax return?
Yes, you can deduct state taxes paid for the previous year on your tax return if you itemize your deductions instead of taking the standard deduction.
What is money paid by the loser of a lawsuit called?
Award
Can I Deduct wages earned but not paid?
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
Who pays for an organ donation?
My insurances paid for my organ transplant but monies were also paid to the donor's medical bills (if I am not mistaken.)
Which usually happens when a person wins a case in the Court of Federal Claims L?
the person is paid an amount to settle the clam.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
How do you get paid from a company that under state investigation?
file a lawsuit
Where do you get the papers showing taxes paid on a lawsuit settlement?
From your attorney
