Friday, January 13, 2017
I have a Income Tax question...
Since I have to include the amount of the previous years refund as taxable income (if had a refund) on the current years file to be added and taxed again. (I always thought double taxation was illegal).
Can I subtract the amount I had to pay last year on this years file as tax credit.
Hey, if it works one way, it's only fair if it works the other.
I believe the cost of the accountant in the event a tax payment was made, should be subtracted also as a non taxable expense.
Posted by Klayofthemystics at 8:45 AM