Not deductible on your income tax return unless the amount paid was to produce taxable income that was reported on your income tax return.
Then a limited amount could be deductible on your income tax return.
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
No. You can't deduct RE tax, or any payment really, for something you were not obligated to. However, it does sound like the one who you paid the tax for has income in the amount you provided for them.
You deduct the actual amount you paid in property taxes during calendar year 2008, no matter what year it was for. If you paid it in 2008, you deduct it in 2008. Of course, you subtract any amount that the previous owner reimbursed you at closing.
If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid from pre-tax income such as through a cafeteria plan, then you are not allowed to deduct the premiums.
Award
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
yes
My insurances paid for my organ transplant but monies were also paid to the donor's medical bills (if I am not mistaken.)
the person is paid an amount to settle the clam.
file a lawsuit
From your attorney
Monies may have been earmarked for assessments as part of the sale transaction. If you believe that such monies were earmarked and the assessments were not paid from the monies involved in the sale, you can notify the Title Company with your evidence and request that the assessment monies be sent to the HOA offices.
No. The only deductions that you can take on a tax return are items that you actually paid. However, you can deduct the amount of the bill that you did pay and then next year you can deduct the part that was paid during this year, even though the bill was for last year.
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.