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Old 01-02-2005, 09:02 PM
A.G. Kalman
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Default Re: Sales Tax Extra Deductions?

- quote -

> > From irs.gov:
> > > Taxpayers also may add to the table amount

> > any sales taxes paid on:
> > > A motor vehicle, but only up to the amount of

> > tax paid at the general sales tax rate; and
> > > An aircraft, boat, home (including mobile or

> > prefabricated), or home building materials, if
> > the tax rate is the same as the general sales
> > tax rate.


> In the absence of year long receipts, are "in addition to
> the tables" sales tax deductions limited to the above? Or
> can other "unusual" sales tax payments be added to the table
> amounts?
> Specifically, how about more than $400 [7%] in sales tax
> paid in connection with $6000+ in unexpected [not collision
> or insured] automobile mechanical repairs. There were two
> events, each for about half the total.


The law as written specified that the Sec'y of the Treasury
may list other items other than motor vehicles and boats
that may be added to the tables. The only other items that
I have seen published, are those identified on page 3 of Pub
600. They don't include auto repairs. Your only other
option is to use the "actual" method rather than the tables.

--
Alan
http://taxtopics.net

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Old 01-02-2005, 08:43 PM
MTW
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Default Re: Sales Tax Extra Deductions?

William Brenner wrote:

- quote -

> In the absence of year long receipts, are "in addition to
> the tables" sales tax deductions limited to the above? Or
> can other "unusual" sales tax payments be added to the table
> amounts?


Here is an excerpt from the amended code section (164):

"...the amount determined under this paragraph (without
regard to this subparagraph) with respect to motor vehicles,
boats, and other items specified by the Secretary, and..."

So, I think we'll need to keep an eye what the Secretary
specifies. Meanwhile, who knows ??? <grin
MTW

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  #-1  
Old 12-31-2004, 02:10 PM
William Brenner
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Posts: n/a
Default Sales Tax Extra Deductions?

- quote -

> From irs.gov:
> Taxpayers also may add to the table amount
> any sales taxes paid on:
> A motor vehicle, but only up to the amount of
> tax paid at the general sales tax rate; and
> An aircraft, boat, home (including mobile or
> prefabricated), or home building materials, if
> the tax rate is the same as the general sales
> tax rate.


In the absence of year long receipts, are "in addition to
the tables" sales tax deductions limited to the above? Or
can other "unusual" sales tax payments be added to the table
amounts?

Specifically, how about more than $400 [7%] in sales tax
paid in connection with $6000+ in unexpected [not collision
or insured] automobile mechanical repairs. There were two
events, each for about half the total.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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deductions, extra, sales, tax
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