2007-02-03 11:27:43 · 8 answers · asked by ken 1 in Business & Finance ➔ Taxes ➔ United States
Due to a delayed state decision, we had to pay back all of the unemployment benefits we received in 2005. Is there some way to show this as a deduction or negative income on Federal year end tax return?
2007-02-03 11:30:14 · update #1
If you reported your Unemployment Compensation on a Form 1040, you can recover the taxes you paid on it by filing a Schedule A-line 27, deducting it as a miscellaneous itemized deduction. In fact this is the required method of reporting repayment of unemployment comp to the IRS. You will be covered as having repaid the due amount and you will get your taxes withheld returned to you.
2007-02-03 12:56:53 · answer #1 · answered by illinipower 2 · 0⤊ 0⤋
If she didn't claim them as income in 2005, why should she be allowed to deduct them after returning them?
2007-02-03 14:29:08 · answer #2 · answered by Quixotic 3 · 0⤊ 0⤋
i do not imagine he ought to offer up his tax returns. yet when it did finally end up he refused or prevented paying taxes for 10 years ought to you extremely anticipate something diverse from him. the stunning area is someone like this can command 40 5% of the vote. to some, per chance... via not paying his taxes makes him a hero.
2016-12-03 10:14:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
unfortunately if she didn't have taxes deducted from her unemployment checks, ,,,, YUP
2007-02-03 11:30:00 · answer #4 · answered by Mystee_Rain 5 · 0⤊ 0⤋
Is she in jail for fraud?
2007-02-03 11:30:17 · answer #5 · answered by D S 4 · 1⤊ 0⤋
No.
2007-02-03 11:29:55 · answer #6 · answered by irongrama 6 · 0⤊ 0⤋
No, don't think it is.
2007-02-03 11:29:51 · answer #7 · answered by Anonymous · 0⤊ 0⤋
NO!!
2007-02-03 11:35:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋