A taxpayer may be able to deduct a payment made under claim of right when the repayment is more than $3,000 on Schedule A. What is a repayment under claim of right? A repayment under claim of right is when a taxpayer suffers a casualty loss and receives payment from an insurance company. A repayment under claim of right occurs when a taxpayer claimed income in a previous year they thought they had a right to, but later had to repay it. A repayment under claim of right occurs whenever a repayment of income exceeds $3,000. A repayment under claim of right is the recovery of the tax-free portion of a retiree's annuity on the retiree's final income tax return.
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Business, 21.06.2019 14:00
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Business, 22.06.2019 14:30
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
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Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
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Business, 23.06.2019 07:00
Select all of the tools you could use to track your expenses. -budget software -spreadsheet -mint© -automatic bill payment -mvelopes®
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A taxpayer may be able to deduct a payment made under claim of right when the repayment is more than...
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