|
#1
| |||
| |||
| - quote - > > From irs.gov:
The law as written specified that the Sec'y of the Treasury> > > 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. 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| William Brenner wrote: - quote - > In the absence of year long receipts, are "in addition to
Here is an excerpt from the amended code section (164):> the tables" sales tax deductions limited to the above? Or > can other "unusual" sales tax payments be added to the table > amounts? "...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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| - quote - > From irs.gov:
In the absence of year long receipts, are "in addition to> 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. 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 > << -------------------------------------------------> |
| Tags |
| deductions, extra, sales, tax |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Extra Principal komobu: I am using MS Money Delux 2007. I have a mortgage payment of 625 a month. Every month I pay at least 200 extra towards the principal. I have been... | Microsoft Money | 7 | 10-27-2006 12:43 PM | |
| Chapter 179 Deductions -large SUV/Truck deductions for business owners MAX: Does any one have any information on this? Is it an Audit alert? Thanks. << -------------------------------------------------><< The Charter... | Taxes | 17 | 06-17-2004 03:53 AM | |
| Sales Rep Home-Office Deductions? News Subsystem: I have a question. I am a pharamaceutical sales rep and all my administrative work is conducted in my office. I live alone in a two bedroom... | Taxes | 2 | 01-12-2004 10:54 AM | |
| Thread Tools | |
| Display Modes | |
| |