Tax Question.......

Discussion in 'Blazers OT Forum' started by THE HCP, Jul 17, 2011.

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  1. THE HCP

    THE HCP NorthEastPortland'sFinest

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    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?
     
    THE HCP, Jul 17, 2011
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  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    No.

    X
     
    EL PRESIDENTE, Jul 17, 2011
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  3. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    You can get random receipts I guess from that month.

    X
     
    EL PRESIDENTE, Jul 17, 2011
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  4. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    Do you mean you misplaced 375?
     
    julius, Jul 17, 2011
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  5. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    In a New Orlean's hooker's vagina. :sherlock:
     
    EL PRESIDENTE, Jul 17, 2011
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  6. Draco

    Draco Well-Known Member

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    casualty loss deduction
     
    Draco, Jul 17, 2011
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  7. THE HCP

    THE HCP NorthEastPortland'sFinest

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    I lost my per diem... then got taxed on it. Is there something I can claim, like lost wages?
     
    THE HCP, Jul 17, 2011
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  8. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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

    barfo
     
    barfo, Jul 18, 2011
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  9. blazerboy30

    blazerboy30 Well-Known Member

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    I paid taxes on some salary and then misplaced it at the blackjack table in Vegas. Anything I can do about that?
     
    blazerboy30, Jul 18, 2011
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  10. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Double down.
     
    SlyPokerDog, Jul 18, 2011
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  11. THE HCP

    THE HCP NorthEastPortland'sFinest

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    pricks..... all of you!
     
    THE HCP, Jul 18, 2011
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  12. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Maybe if you're a professional gambler.
     
    Denny Crane, Jul 18, 2011
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  13. jlprk

    jlprk The ESPN mod is insane.

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    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?
     
    jlprk, Jul 18, 2011
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  14. THE HCP

    THE HCP NorthEastPortland'sFinest

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    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!
     
    THE HCP, Jul 18, 2011
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  15. jlprk

    jlprk The ESPN mod is insane.

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    What do I get?
     
    jlprk, Jul 18, 2011
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  16. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Access to an accountant that specializes in illegal aliens is my guess.
     
    SlyPokerDog, Jul 18, 2011
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