Re: More KEBSCHULLW standoff saga


<KEBSCHULLW@xxxxxxx> wrote
It is the overpayment that produces the tax benefit.


If you insist. But why are you changing yhour story now?




Income is used for the overpayment that is allowed as a deduction


What, and please be specific, is the source of the income that is "used for
the overpayment"?

I need to get me thounds of dollars of this type of income - that according
to you - is "ised for the overpayment".

I would have thought that a tax payment (either withholding or estimated) is
what is "used for the overpayment".





and this reduces taxable income for regular tax purposes



So, there's this income, that is "used for the overpayment", that also
reduces taxable income. This is good stuff.

What, and please be specific, is the type of income that reduces taxable
income, and is used for the overpayment" and is allowed as a deduction?

I GOT to get me some of that.





Do you think that you can answer the question now?



Why should I. You can't tell me what type of income is used for the
overpayment, that reduces taxable income, and is allowed as a deduction.





Do you know how loony you sound?





--
Have no fear of perfection - you'll never reach it.
----------
Paul A. Thomas, CPA


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Relevant Pages

  • Old WD Needs Memory Transplant - Forgets IRS Answered
    ... IRS Tax Correspondence ... deduction recoveries under sections 111and 56. ... improperly excluding such refunds from alternative minimum taxable income ...
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  • Re: More KEBSCHULLW standoff saga
    ... that reduces taxable income, ... overpayment" and is allowed as a deduction? ... tax year. ... refund year. ...
    (misc.taxes)
  • Re: This is a "tax professional" giving advice?
    ... >>> be excluded from alternative minimum taxable income (BY THE NEGATIVE ... >> being deductable for AMT in the prior year, ... So the amount of state tax refund that was added to ... If no AMT was paid in the overpayment year then the regular tax ...
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  • Re: More KEBSCHULLW standoff saga
    ... income is used for the overpayment. ... If a state income tax overpayment is allowed as a deduction in a year ...
    (misc.taxes)
  • Re: sorry Dick I ment to put it here
    ... The computation of taxable income begins with gross income. ... gross income" as gross income minus certain listed deduction. ...
    (misc.taxes)