02-20-2006, 08:19 AM
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 Re: flexible spending forfeiture "Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote: - quote - > If I was dumb and overestimated my dependent care allowance,
Money put into a Flex account was never taxed to begin with,> resulting in a forfeiture from not being able to spend it > all, are there any tax consequences related to the forfeited > amounts? Can I claim them on income taxes somehow? so I do not believe there is any reason you should be able to claim this "lost" money on your tax return. However, I am not a tax pro so I will bow to their superior knowledge on this subject :-) -- Vic Roberts Replace xxx with vdr in e-mail address. << ================================================== ===== > << 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. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
02-14-2006, 06:42 AM
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| flexible spending forfeiture If I was dumb and overestimated my dependent care allowance, resulting in a forfeiture from not being able to spend it all, are there any tax consequences related to the forfeited amounts? Can I claim them on income taxes somehow? Thanks in advance. << ================================================== ===== > << 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. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| flexible, forfeiture, spending |
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