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#10
03-02-2004, 05:07 AM
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 Re: Did not get paid for work performed "Arthur L. Rubin" <ronnirubin[at]sprintmail.com> wrote: - quote - > Katie Jaques wrote:
I vote for Line 7 (with an explanation). But I don't know> > billblane[at]yahoo.com (bill) wrote: > > > In early 2002 I worked as a full time employee and did not > > > get paid for several months. I ultimatly left the company > > > and never got paid for my services. Is there any way to > > > take this as some kind of deduction on my tax return? > > Not unless they gave you a W-2 showing that they paid you > > amounts that you did not actually receive. Then you would > > report the income and deduct the amount that was not paid. > But do you deduct the amounts you did not receive on line > 7 (with an explanation), or elsewhere on the 1040? that there is any hard and fast rule. You just don't want it to go below the AGI line. Katie in San Diego The foregoing is intended for educational purposes only and does not constitute legal or professional advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#9
03-02-2004, 04:29 AM
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| Re: Did not get paid for work performed - quote - > > Not unless they gave you a W-2 showing that they paid you
Report your correct wages on line 7. If that doesn't match> > amounts that you did not actually receive. Then you would > > report the income and deduct the amount that was not paid. > But do you deduct the amounts you did not receive on line > 7 (with an explanation), or elsewhere on the 1040? the total of box 1 of your W-2's, attach an explanation. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#8
03-01-2004, 06:08 PM
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| Re: Did not get paid for work performed Katie Jaques wrote: - quote - > billblane[at]yahoo.com (bill) wrote:
But do you deduct the amounts you did not receive on line> > In early 2002 I worked as a full time employee and did not > > get paid for several months. I ultimatly left the company > > and never got paid for my services. Is there any way to > > take this as some kind of deduction on my tax return? > Not unless they gave you a W-2 showing that they paid you > amounts that you did not actually receive. Then you would > report the income and deduct the amount that was not paid. 7 (with an explanation), or elsewhere on the 1040? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#7
02-26-2004, 04:33 PM
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| Re: Did not get paid for work performed billblane[at]yahoo.com (bill) wrote: - quote - > In early 2002 I worked as a full time employee and did not
Not unless they gave you a W-2 showing that they paid you> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? amounts that you did not actually receive. Then you would report the income and deduct the amount that was not paid. There is no deduction for unpaid wages that were not reported as income. Katie in San Diego The foregoing is intended for educational purposes only and does not constitute legal or professional advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
02-26-2004, 03:55 PM
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| Re: Did not get paid for work performed billblane[at]yahoo.com (bill) wrote: - quote - > In early 2002 I worked as a full time employee and did not
Unless you're an accrual-basis taxpayer, there's no> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? 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) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-25-2004, 03:24 PM
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| Re: Did not get paid for work performed bill wrote: - quote - > In early 2002 I worked as a full time employee and did not
No way, nowhere, nohow.> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-25-2004, 02:45 PM
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| Re: Did not get paid for work performed billblane[at]yahoo.com (bill) posted: - quote - > In early 2002 I worked as a full time employee
No. Someone else raised this same question regarding 2003,> and did not get paid for several months. I > ultimatly left the company and never got paid > for my services. Is there any way to take this > as some kind of deduction on my tax return? I think. They were advised it was not a tax issue, but they might have a cause of action, if the company is still in business (and has any assets). For which, you should consult an attorney. I believe they were further advised that they could report the offending company to their state wage and hour enforcement division, as well as to the IRS -- presuming some "phantom taxes" were withheld from the "phantom income." Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-25-2004, 02:26 PM
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| Re: Did not get paid for work performed - quote - > In early 2002 I worked as a full time employee and did not
NO> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? But I sure would be following up on collection activities! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-25-2004, 02:26 PM
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| Re: Did not get paid for work performed billblane[at]yahoo.com (bill) wrote: - quote - > In early 2002 I worked as a full time employee and did not
Like most employees,I assume that you use the cash method> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? Therefore, your wages are repoted when actually or constructively received. Therefore, your have no income and no deduction. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-25-2004, 02:07 PM
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| Re: Did not get paid for work performed - quote - > In early 2002 I worked as a full time employee and did not
By not getting paid, you have no taxable wages. That is how> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? it is written off, you have nothing to claim. Helen, EA in PA Member of The Tax Gang Director, National Assoication of Enrolled Agents Immediate Past President, PA Society of Enrolled Agents << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-25-2004, 02:07 PM
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| Re: Did not get paid for work performed billblane[at]yahoo.com (bill) writes: - quote - > In early 2002 I worked as a full time employee and did not
No.> get paid for several months. I ultimatly left the company > and never got paid for my services. Is there any way to > take this as some kind of deduction on my tax return? Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-24-2004, 06:57 AM
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| Did not get paid for work performed In early 2002 I worked as a full time employee and did not get paid for several months. I ultimatly left the company and never got paid for my services. Is there any way to take this as some kind of deduction on my tax return? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| paid, performed, work |
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