Tax Question.......

[THE HCP]

In April, I lost $375 of per diem cash that I had just been paid for work in an envelope. But I had to pay the tax on it on the following pay check. When I do my taxes next spring, is there something I can do about it? Like can I receive a tax credit?

 

[EL PRESIDENTE]

No.

X

 

[EL PRESIDENTE]

You can get random receipts I guess from that month.

X

 

[julius]

In April, I lost $375 of per diem cash that I had just been paid for work in an envelope. But I had to pay the tax on it on the following pay check. When I do my taxes next spring, is there something I can do about it? Like can I receive a tax credit?

Do you mean you misplaced 375?

 

[EL PRESIDENTE]

In a New Orlean's hooker's vagina.

 

[Draco]

casualty loss deduction

 

[THE HCP]

I lost my per diem... then got taxed on it. Is there something I can claim, like lost wages?

 

[barfo]

I lost my per diem... then got taxed on it. Is there something I can claim, like lost wages?

Seems highly unlikely. Otherwise everyone would be "losing" cash all the time.

barfo

 

[blazerboy30]

Seems highly unlikely. Otherwise everyone would be "losing" cash all the time.

barfo

I paid taxes on some salary and then misplaced it at the blackjack table in Vegas. Anything I can do about that?

 

[SlyPokerDog]

I paid taxes on some salary and then misplaced it at the blackjack table in Vegas. Anything I can do about that?

Double down.

 

[THE HCP]

pricks..... all of you!

 

[Denny Crane]

I paid taxes on some salary and then misplaced it at the blackjack table in Vegas. Anything I can do about that?

Maybe if you're a professional gambler.

 

[jlprk]

casualty loss deduction

That's the answer, but then negligence would be a factor, however that doesn't matter because...

"No matter how good your records, you must first pass two general limitations on the amount of your loss. First, you may not deduct the first $100 of any loss. Second, you are able to deduct personal casualty and theft losses only when the total amount of the loss in any year (reduced by $100 per casualty) exceeds 10% of your adjusted gross income."

http://www.forbes.com/2006/01/12/ernstandyoung-irs-taxes-cx_sr_0113tax21.html

Maybe during the lockout, $275 will exceed 10% of your year's income?

 

[THE HCP]

That's the answer, but then negligence would be a factor, however that doesn't matter because...

"No matter how good your records, you must first pass two general limitations on the amount of your loss. First, you may not deduct the first $100 of any loss. Second, you are able to deduct personal casualty and theft losses only when the total amount of the loss in any year (reduced by $100 per casualty) exceeds 10% of your adjusted gross income."

http://www.forbes.com/2006/01/12/ernstandyoung-irs-taxes-cx_sr_0113tax21.html

Maybe during the lockout, $275 will exceed 10% of your year's income?

I finally got a decent answer and then I remember I have an accountant to deal with this stuff! Screw all you guys that didn't help!

 

[jlprk]

What do I get?

 

[SlyPokerDog]

What do I get?

Access to an accountant that specializes in illegal aliens is my guess.