I work as a cashier and I was wondering if all my shortages, which are documented qualify as a write off? And who should I get in touch with if so.
2007-03-13 22:18:33 · 4 answers · asked by DiG iT 3 in Business & Finance ➔ Taxes ➔ United States
But my employer does collect them from me. I work for a casino and I pay them back, I'm pretty sure that it isn't illegal.
2007-03-13 23:54:23 · update #1
The shortages withheld from your pay are not an unreimbursed employee expense. They are not deductible, you are reimbursing the casino for missing cash.
2007-03-14 01:24:07 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
You are not entitled to claim the cash shortages as a loss and/or as a deduction on your tax return. Why? Its not your loss - its your employer's
loss. The monies that you pay back to your employer only reimburses your
employer for the loss.
If any of the losses are not reimbursed to the employer, the employer is entitled to take a deduction on the employers tax return as a cash shortage.
2007-03-14 06:08:39 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
It would depend whether or not you are responsible for the shortages. If your company makes you pay for it . Ask an accountant who does taxes.
2007-03-13 22:26:09 · answer #3 · answered by hereim 2 · 0⤊ 1⤋
No, those are not a write-off for you. Your employer is not allowed to collect them from you so there is nothing for you to write off. If your employer is illegally collecting them from you, contact your state labor board.
2007-03-13 23:12:42 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 1⤋