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Can you count your tax payment from a previous year's taxes on the current tax form?
Wiki User
∙ 8y ago
If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.
Wiki User
∙ 8y ago
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Due date for payment of professional tax in Andhra Pradesh?
The Profession tax in the state of Andhra Pradesh is due on or before the 10th of each month. The payment due is for the taxes of the previous month.
How do they relate to the difference between tax expense and taxes payable?
Tax expense is the expense of current period while tax payable is that amount which Is payable to the tax authorities these two amounts may be same or there may be difference due to less or more payment in previous period or any deferred tax in current period.
Can you file property taxes for the last two years?
You mean pay....any payment of property taxes is applied to the earliest tax due, and interst and penalties, before current ones.
Is it legal for HUD to count the tax exempt structured settlement annuity annual payment in calculating monthly subsidized rent?
No. Taxes are obtrusive and should all be eradicated.
Can you claim on your current taxes the amount paid to the IRS after they have audited you and have requested the money be refunded?
this was from a previous years filing, they audited and it had to be paid back
Why we treat provison for tax as current liability?
With the process of provision we create the amount and set aside to payment for taxes in future as it is payable in short term future that's why it is called current liability.
Calvins current monthly mortgage payment is 1580 Thirty percent of the payment is put into an escrow account to pay taxes and insurance The rest of the money is used to pay his adjustable rate mortgag?
30 %of his payment that goes towards taxes and insurance is 474.00 so that leaves 1106.00 so 1106.00 x 6.5% = 71.89 dollars add 71.89 to 1106.00 = 1177.89 his new payment is 1177.89
Are late payment of taxes deductible?
no
Which of these could be an example of a money payment made to households by government?
taxes
Is payment for taxes operating activity?
Yes
If Mom died with no property or estate and will was not probated can IRS demand payment for taxes owed but not filed from previous years?
Yes. The creation of an estate and liquidation of assets and debts is the only way to close it out.
What is the difference between gross payment and net payment?
Gross = Before TaxesNet= After Taxes
