Re: More KEBSCHULLW standoff saga


<KEBSCHULLW@xxxxxxx> wrote

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?

That would be non-exempt income that is used to pay
expenses that are allowable as deductions,




You are now citing an expense - but earlier (and below) you claimed that
income is used for the overpayment.

What income? And please, this time be specific.



just when is the either the income used for the overpayment
that produced a tax benefit or the refund of the income used
for the overpayment taxed directly?



Do you bother to proof the cut -n- paste crap you put forth?



What is the "income used for the overpayment", "that produced a tax
benefit", and "refund of the income used for the overpayment" supposed to
mean.

I still can't get you to explain what income is used for the overpayment.
I still can't get you to explain what income produces a tax benefit.
I still can't get you to explain how income that's refunded gets used for an
overpayment.





I doubt that you know enough about what you mean to explain it in simple
terms.

"just when is the either the income"

You got me there. Just when IS the "either" the "income"?




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


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Relevant Pages

  • Re: IRSs Multi-Billion Flimflam: "Double or Nothing" Taxation of Tax Refunds
    ... Deductions - Gross income does not include income attributable to ... there is a tax overpayment and the AMT is in one or both years. ... AMT PAID IN TAX OVERPAYMENT YEAR AND IN THE YEAR THAT THE REFUND OF THE ... Tax overpayment is not allowed as a deduction in determining AMTI. ...
    (misc.taxes)
  • 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?
    ... deductions are not limited by income and the income used for the tax ... overpayment does to increase taxable Social Security benefits or reduce ... reduce tax credits, etc. ... refund is received rather than the regular tax. ...
    (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 ...
    (misc.taxes)
  • 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)