calling all tax experts
#1
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calling all tax experts
in 2004 & 2005, we can now do the whole sales tax deduction thing if you itemize. you can also deduct sales tax on boats, cars, etc. i bought my new CTD 12/30/2004, but it was out of state. i did not pay the sales tax on it in texas until i got home, but by then it was 2005. are you supposed to take the deduction on the truck's sales tax in 2004 or 2005?
#2
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I'm not an expert, but everything I've ever heard is that it counts (income, deductions whatever) when you actually pay them. Though, I think there's a loophole for income you're supposed to get in one year that you voluntarily defer. But that's a different story.
In your case, I'd guess you have to wait until next year's return. But, like I said, I'm not an expert.
In your case, I'd guess you have to wait until next year's return. But, like I said, I'm not an expert.
#4
I'm not a tax "expert" but I know how NOT to pay taxes.
Get a 16 ft trailer, dream up xyz transport, trucking, express, delivery, etc, etc, etc.
NO SALES TAX
Plain yet Sooooooo simple
IF this one scares you spend $25 - $100 and INCORPORATE.
This will be a license to steal from the IRS. They will even send you a 2 inch thick
book with all the information on how to steal your money back.
IMHO it's GREAT!!!
Get a 16 ft trailer, dream up xyz transport, trucking, express, delivery, etc, etc, etc.
NO SALES TAX
Plain yet Sooooooo simple
IF this one scares you spend $25 - $100 and INCORPORATE.
This will be a license to steal from the IRS. They will even send you a 2 inch thick
book with all the information on how to steal your money back.
IMHO it's GREAT!!!
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