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#7
04-08-2004, 08:03 PM
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 Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? CBotella wrote: - quote - > Just for my own information, what states, if any, allow for
Oklahoma allows a deduction for the liability shown on the> a federal tax deduction? federal return (without regard to it having been paid) for Method 2 tax. (It's the only adjustment for Method 2, which uses a separate set of tax tables, sort of the like the state version of AMT.) Phoebe  << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
04-07-2004, 08:11 AM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? cbotella[at]aol.com (CBotella) writes: - quote - > Just for my own information, what states, if any, allow for
I'm pretty sure Iowa and Alabama both do. I've heard> a federal tax deduction? Colorado did at one time, but I think that's changed. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
04-05-2004, 09:48 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? Henry wrote: - quote - > IRS changed my 2001 tax return last year and asked me to pay
You don't.> extra amount. I paid the assesment in full (including the > interest) in 2003. Just wonder if anyone knows how to > reflect this amount in 2003 tax return? Any help would be > highly appreciated. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
04-05-2004, 09:09 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? - quote - > if your state lets you deduct your Federal taxes, you should be
Just for my own information, what states, if any, allow for> able to deduct the additional amount a federal tax deduction? Kate, EA in PA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
04-02-2004, 11:38 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? Henry wrote: - quote - > IRS changed my 2001 tax return last year and asked me to pay
YOu don't. Pure and simple. Each year stands alone,> extra amount. I paid the assesment in full (including the > interest) in 2003. Just wonder if anyone knows how to > reflect this amount in 2003 tax return? Any help would be > highly appreciated. unless.... you overpaid one year and let them keep it for the following year. 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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#2
04-02-2004, 10:40 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? henryql[at]hotmail.com (Henry) wrote: - quote - > IRS changed my 2001 tax return last year and asked me to pay
Federal taxes paid for a previous year don't need to be> extra amount. I paid the assesment in full (including the > interest) in 2003. Just wonder if anyone knows how to > reflect this amount in 2003 tax return? Any help would be > highly appreciated. reported at all. Only withholding for the current year affects how much you owe now. -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
04-02-2004, 10:40 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? henryql[at]hotmail.com (Henry) wrote: - quote - > IRS changed my 2001 tax return last year and asked me to pay
This shouldn't affect your 2003 Federal return at all; if> extra amount. I paid the assesment in full (including the > interest) in 2003. Just wonder if anyone knows how to > reflect this amount in 2003 tax return? Any help would be > highly appreciated. your state lets you deduct your Federal taxes, you should be able to deduct the additional amount paid in 2003 on your 2003 state return. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-02-2004, 10:21 PM
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| Re: How to reflect the tax assessed by IRS for 2001 into 2003 return? henryql[at]hotmail.com (Henry) writes: - quote - > IRS changed my 2001 tax return last year and asked me to pay
There's nothing to report on your Federal return. If your> extra amount. I paid the assesment in full (including the > interest) in 2003. Just wonder if anyone knows how to > reflect this amount in 2003 tax return? state allows a deduction for Federal tax paid, check the instructions. 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
04-01-2004, 11:53 AM
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| How to reflect the tax assessed by IRS for 2001 into 2003 return? IRS changed my 2001 tax return last year and asked me to pay extra amount. I paid the assesment in full (including the interest) in 2003. Just wonder if anyone knows how to reflect this amount in 2003 tax return? Any help would be highly appreciated. Henry << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 2001, 2003, assessed, irs, reflect, return, tax |
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