billblane[at]yahoo.com (bill) wrote:

- quote -

Unless you're an accrual-basis taxpayer, there's no
deduction. You didn't pay tax on it.

--
D.F. Manno
dommanno[at]netscape.net
"They that can give up essential liberty to obtain a little
temporary safety deserve neither liberty nor safety."
(Benjamin Franklin)

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- quote -

You don't claim the income, which covers your loss.

Helen, EA in PA
Member of The Tax Gang
Director, National Assoication of Enrolled Agents
Immediate Past President, PA Society of Enrolled Agents

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billblane[at]yahoo.com (bill) writes:

- quote -

It can't. Since you never got the money (and were thus
never taxed on the money you never got) there is no
deduction. Allowing a deduction would be double-dipping
and so it's not allowed.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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"bill" <billblane[at]yahoo.com> wrote:

- quote -

No. If you were self-employed, you can deduct expenses. If
you were an employee, you may be able to report the employer
for NOT paying employment taxes on your behalf.

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bill wrote:

- quote -

First the good news! You have no income to report on your
tax return(s).

Now the bad news. You also have no loss deduction.

Cheer$,
Harlan Lunsford, EA n LA

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I was employed by a company in 2003 who did not pay me. Can
this loss be deducted and if so how?

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