|
Posted by dejaemail on March 30, 2007, 3:37 am
Please log in for more thread options
We had a vacation in Canada and paid a large amount of
foreign taxes on hotel and misc other items. Is this
deductable on federal taxes? If so where in the forms?
Thanks
<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>
|
|
Posted by Frederick Lorca on March 30, 2007, 10:27 pm
Please log in for more thread options
> We had a vacation in Canada and paid a large amount of
> foreign taxes on hotel and misc other items. Is this
> deductable on federal taxes? If so where in the forms?
None of the above are deductible taxes.
Frederick Lorca
<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>
|
|
Posted by Don Priebe on March 30, 2007, 10:27 pm
Please log in for more thread options > We had a vacation in Canada and paid a large amount of
> foreign taxes on hotel and misc other items. Is this
> deductable on federal taxes? If so where in the forms?
Only income taxes are subject to deduction or credit on your
1040 income tax return. However you may be able to get a
refund of some of the taxes you paid on your visit. See the
official information at
http://www.cra-arc.gc.ca/E/pbg/gf/gst176/README.html
Note that there are also a lot of vendors who will process
you refund application for a hefty fee.
--
Don EA in Upstate NY
<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>
|
|
Posted by Frederick Lorca on March 31, 2007, 9:55 pm
Please log in for more thread options > Only income taxes are subject to deduction or credit on your
> 1040 income tax return. However you may be able to get a
> refund of some of the taxes you paid on your visit.
Canada announced the elimination of the GST/HST Visitor
Rebate Program effective for purchases made after March 31,
2007.
http://www.cra-arc.gc.ca/tax/nonresidents/visitors/qa-e.html
Cheap prescription drugs are still available though.
Frederick Lorca
Moderator:
But are the drugs cheaper than the co-pay on a prescription
drug plan?
<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>
|
|
Posted by Avrum Lapin on April 2, 2007, 5:58 pm
Please log in for more thread options
snipping>
> Cheap prescription drugs are still available though.
>
> Frederick Lorca
>
> Moderator:
> But are the drugs cheaper than the co-pay on a prescription
> drug plan?
No - but if you in the Part D gap and don't expect to get
out or you don't have Rx coverage then it is a good option.
Just make sure that the Pharmacy that you use is really a
Canadian one
<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>
|
| Similar Threads | Posted | | Refund of Paid Taxes | September 10, 2007, 6:58 pm |
| foreign taxes paid | February 16, 2008, 12:05 pm |
| Taxes on capital gains, when paid? | December 3, 2006, 4:05 pm |
| German Taxes paid by US company? | August 10, 2007, 2:03 am |
| What taxes must be paid by Calif self-employed? | October 30, 2007, 11:47 pm |
| Re: What taxes must be paid by Calif self-employed? | November 1, 2007, 10:10 pm |
| Penalized for taxes paid, then re-classified | January 15, 2008, 8:01 am |
| Should I have paid estimated taxes in 2007? | March 25, 2008, 2:17 pm |
| Claim to refund of taxes paid in Switzerland | April 11, 2007, 11:47 pm |
| Turbotax have place where any estimated taxes already paid for the year are entered | March 9, 2008, 4:29 pm |
|
|
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap