I was told that I must add my past year return to the taxable base this year. Is that true?
-
Means I should add the money I got back for the 2004 to the total income this year and pay taxes for it. Who knows if that's the federal law? Thank you.
-
Answer:
That sounds like a state refund you got last year. In California, if you got a state refund in 2004 you must report it as income in your federal income tax for 2005. There are exemptions like if you itemized last year and you don't this year. Consult your tax professional.
Seasider at Yahoo! Answers Visit the source
Other answers
Who told you?
Related Q & A:
- How many great movies have you seen in the past year?Best solution by Yahoo! Answers
- What are some things I must see in Philly?Best solution by Quora
- How can I find out my local temperature on a past day?Best solution by wunderground.com
- How can i find out if my tax return has been sent out?Best solution by Yahoo! Answers
- What are some places I must go and things I must do in france?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.