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Posted by SMF on January 19, 2007, 1:39 am
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If you have an individual who has a schedule C business, can
they take the standard refund on the personal return as well
as the actual 8913 on the schedule C excise tax paid?
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Posted by Herb Smith on January 19, 2007, 9:03 pm
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SMF wrote:
> If you have an individual who has a schedule C business, can
> they take the standard refund on the personal return as well
> as the actual 8913 on the schedule C excise tax paid?
Yes, but not for the same phone line.
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<< 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. >>
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<< to this newsgroup as well as our anti-spamming policy >>
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Posted by Harlan Lunsford on January 19, 2007, 9:03 pm
Please log in for more thread options SMF wrote:
> If you have an individual who has a schedule C business, can
> they take the standard refund on the personal return as well
> as the actual 8913 on the schedule C excise tax paid?
Assuming he also has a (separate) business phone.
ChEAr$,
Harlan Lunsford, EA n LA
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<< 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. >>
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Posted by Paul Thomas, CPA on January 19, 2007, 9:03 pm
Please log in for more thread options > If you have an individual who has a schedule C business, can
> they take the standard refund on the personal return as well
> as the actual 8913 on the schedule C excise tax paid?
My reading of it is no. They would have to go the 8913
route.
--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net
<< ======================================================= >>
<< 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. >>
<< ======================================================= >>
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Posted by larry_mc on January 21, 2007, 4:57 pm
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> If you have an individual who has a schedule C business, can
> they take the standard refund on the personal return as well
> as the actual 8913 on the schedule C excise tax paid?
NO - Must use actual method for BOTH personal & business
phones. Result is two form 8913 must be prepared, See IRS
instructions and information of irs.gov regarding this
subject. The standard amount of refund covers ALL phones of
the taxpayer and those claimed on the return
Larry McClellan
Attorney
<< ======================================================= >>
<< 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. >>
<< ======================================================= >>
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