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Posted by John on April 15, 2008, 6:46 pm
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Hi fellows,
I have 2 questions here,
1. I work at California, and on my W2 form, there is a box 14 for "CA
SDI". Does it itemized deductable on "Schedule A" form ? Someone told
me yes, and I should put it at line 8, as " Other taxes, list type and
amount" ?
2. If I made some mistakes for my California State Tax form for year
2004, 2005 and 2006, Can I file 540X form to do some amendment ? For
each calendar year, Is there an expiration date for filing such 540X
form ?
Thanks a lot for any tips
Charlie
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Posted by D. Stussy on April 15, 2008, 7:24 pm
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> Hi fellows,
>
> I have 2 questions here,
>
> 1. I work at California, and on my W2 form, there is a box 14 for "CA
> SDI". Does it itemized deductable on "Schedule A" form ? Someone told
> me yes, and I should put it at line 8, as " Other taxes, list type and
> amount" ?
No. Schedule A Line 5. It qualifies as a state income tax.
> 2. If I made some mistakes for my California State Tax form for year
> 2004, 2005 and 2006, Can I file 540X form to do some amendment ? For
> each calendar year, Is there an expiration date for filing such 540X
> form ?
The base period of limitations for California personal income tax is 4 years
(1 year more than federal) from the later of time of filing or due date.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by John on April 16, 2008, 8:03 am
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>
> > Hi fellows,
>
> > I have 2 questions here,
>
> > 1. I work at California, and on my W2 form, there is a box 14 for "CA
> > SDI". Does it itemized deductable on "Schedule A" form ? Someone told
> > me yes, and I should put it at line 8, as " Other taxes, list type and
> > amount" ?
>
> No. Schedule A Line 5. It qualifies as a state income tax.
That was what I thought so, but when I google it over the internet, I
do see someone's advise to have it on "Schedule A", Line 8. Either
Line 5 or Line 8, that will not make any difference for my Federal tax
return, but will affect the amount of my State tax return .
Is there some official website I may take a look ?
Thanks a lot
-c
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Ernie Klein on April 16, 2008, 10:18 am
Please log in for more thread options In article
> >
> >
> > > Hi fellows,
> >
> > > I have 2 questions here,
> >
> > > 1. I work at California, and on my W2 form, there is a box 14 for "CA
> > > SDI". Does it itemized deductable on "Schedule A" form ? Someone told
> > > me yes, and I should put it at line 8, as " Other taxes, list type and
> > > amount" ?
> >
> > No. Schedule A Line 5. It qualifies as a state income tax.
>
> That was what I thought so, but when I google it over the internet, I
> do see someone's advise to have it on "Schedule A", Line 8. Either
> Line 5 or Line 8, that will not make any difference for my Federal tax
> return, but will affect the amount of my State tax return .
>
There is only one correct place for CSDI and that is line 5, not line 8.
> Is there some official website I may take a look ?
Yes. www.irs.gov.
To be specific you don't have to look any further than the instructions
for the 1040 schedule A, line 5 on page 2-A of the instructions (it's
covered in the forth bullet).
http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
--
-Ernie-
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Mark Bole on April 16, 2008, 10:44 am
Please log in for more thread options John wrote:
>> ">>
>>
>>> Hi fellows,
>>> I have 2 questions here,
>>> 1. I work at California, and on my W2 form, there is a box 14 for "CA
>>> SDI". Does it itemized deductable on "Schedule A" form ? Someone told
>>> me yes, and I should put it at line 8, as " Other taxes, list type and
>>> amount" ?
>> No. Schedule A Line 5. It qualifies as a state income tax.
>
> That was what I thought so, but when I google it over the internet, I
> do see someone's advise to have it on "Schedule A", Line 8. Either
> Line 5 or Line 8, that will not make any difference for my Federal tax
> return, but will affect the amount of my State tax return .
>
> Is there some official website I may take a look ?
The instructions for California 540 are pretty official. SDI (but not
VPDI, because it is voluntary rather than mandatory) goes on federal
Schedule A, line 5. It is deductible federally as a "local" income tax,
but of course does not count as an actual payment toward your California
state income tax. (As a side note, if you have two or more employers
who over-withhold SDI/VPDI for the year, you get a refund of the excess,
just like Social Security at the federal level).
When you look at your CA itemized deductions on page 2 of Schedule
CA(540), you will see that both state income tax (or sales tax) and SDI
are subtracted from CA itemized deductions.
I recall reading that SDI is deductible due to the outcome of a tax
court case challenging the IRS (only a few states have a mandatory
disability insurance tax withheld from wages). It does raise some
questions, for example if you receive disability insurance payments, are
they taxable at the federal level? The premiums you paid (SDI) may have
been untaxed, partly, or fully taxed depending on how your deduction was
figured, and it could change from year to year. For the state, the
money used to pay the premiums was always fully taxed.
-Mark Bole
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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