03-14-2009, 08:18 PM
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 Re: Two ammended returns and state tax "fpetran" <jfpetranj_at_cox_dot_net[at]foo.com> wrote in message news:49bbf2fe$0$32519$6c36adad[at]news.usenetserver.com... - quote - > Taxpayer is filing amended returns for 2006 and 2007. > Both original returns used federal standard deduction - quote - > and both amended returns will use itemized deductions. > The original 2006 return resulted in a state refund. > The 2006 state refund was not included as income on the > original 2007 return since the taxpayer did not itemize in 2006. As it should be. - quote - > The amended 2006 return will reduce the 2006 state refund > slightly so taxpayer will have to return part of the state refund. > Should the amended 2007 return declare the original 2006 > state refund as income Nope. The refund received in 07 was not due to itemizing deductions in a prior year. - quote - > and the 2009 return claim the payment to the state. Yes. -- Paul Thomas, CPA Watkinsville, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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03-14-2009, 07:38 PM
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| Two ammended returns and state tax Taxpayer is filing amended returns for 2006 and 2007. Both original returns used federal standard deduction and both amended returns will use itemized deductions. The original 2006 return resulted in a state refund. The 2006 state refund was not included as income on the original 2007 return since the taxpayer did not itemize in 2006. The amended 2006 return will reduce the 2006 state refund slightly so taxpayer will have to return part of the state refund. Should the amended 2007 return declare the original 2006 state refund as income and the 2009 return claim the payment to the state. ----- F ##-----------------------------------------------## Newsgroup Access Courtesy http://www.rockryno.com/ Tax and Accounting Software Forums Web and RSS access to your favorite newsgroup - misc.taxes.moderated - 20715 messages and counting! ##-----------------------------------------------## -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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