joanmcq Posted April 19, 2007 Report Share Posted April 19, 2007 I posted this in another forum but didn't get any useful responses. TP had SSI back pay, and had to report repayment to Unum in 2004, and apply for a credit under claim of right for 2005. Does VT have a similar credit for 2005 under claim of right, or some other provision to recoup tax paid on income that was repaid? Or is it a misc itemized deduction like claim of right under $3,000? This is a repayment of about $20,000. Quote Link to comment Share on other sites More sharing options...
redux Posted April 19, 2007 Report Share Posted April 19, 2007 I posted this in another forum but didn't get any useful responses. TP had SSI back pay, and had to report repayment to Unum in 2004, and apply for a credit under claim of right for 2005. Does VT have a similar credit for 2005 under claim of right, or some other provision to recoup tax paid on income that was repaid? Or is it a misc itemized deduction like claim of right under $3,000? This is a repayment of about $20,000. Joan I responded to your other post on this...follow this link http://www.atxcommunity.com/index.php?showtopic=19 Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 19, 2007 Author Report Share Posted April 19, 2007 Couldn't remember where I posted. The question is, under what claim would he file the amended for 2005? Quote Link to comment Share on other sites More sharing options...
redux Posted April 19, 2007 Report Share Posted April 19, 2007 Couldn't remember where I posted. The question is, under what claim would he file the amended for 2005? I sent you a private message. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.