| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 427.1 | | NICCTR::BURTON | | Wed Mar 24 1993 09:17 | 5 |
| Only #3 is.
3- Excise tax
Jim
|
| 427.2 | | NOTIME::SACKS | Gerald Sacks ZKO2-3/N30 DTN:381-2085 | Wed Mar 24 1993 13:56 | 2 |
| The reason that Mass Motor Vehicle Excise Tax is deductible is that it's not
an excise tax -- it's a personal property tax.
|
| 427.3 | only if based on vehicle's supposed value | CADSYS::HECTOR::RICHARDSON | | Tue Mar 30 1993 12:08 | 10 |
| The excise tax is deductible on the federal tax return, but only if it
is based on the value of the vehicle rather than something else (like
its weight). If the excise tax is based on some combination of the
vehicle's value and other things, then you have to compute the
percentage of it that is deductible.
/Charlotte, who thinks there is something wrong with any taxation
system where the average working person would benefit by hiring a
professional to figure their taxes! (I don't, though; I'm too
cheap/stubborn!)
|
| 427.4 | NH `PERMIT FEES'? | VMSDEV::HAMMOND | Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684 | Wed Mar 31 1993 14:32 | 25 |
| re: .3
> The excise tax is deductible on the federal tax return, but only if it
> is based on the value of the vehicle rather than something else (like
> its weight). If the excise tax is based on some combination of the
> vehicle's value and other things, then you have to compute the
> percentage of it that is deductible.
Hmmm... New Hampshire charges an amount that show up under "permit
fees" on the registration. It is based on a millage (sic--not
"mileage") that decline based on the age of the vehicle which is
multiplied by the "list price", which is also on the registration.
("List price" come from an official list of the new vehicle's lit
price; it is not necessarily the figure that was on the window
sticker.)
Are these fees deductible?
> /Charlotte, who thinks there is something wrong with any taxation
> system where the average working person would benefit by hiring a
> professional to figure their taxes! (I don't, though; I'm too
> cheap/stubborn!)
Charlotte -- I agree -- its like writing a serious DCL procedure.
Every time you do it you learn something new and useful.
|
| 427.5 | | NOTIME::SACKS | Gerald Sacks ZKO2-3/N30 DTN:381-2085 | Wed Mar 31 1993 17:45 | 3 |
| re .4:
That sounds a lot like the Mass tax, which seems to be deductible.
|
| 427.6 | | VMSDEV::HAMMOND | Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684 | Thu Apr 01 1993 10:14 | 6 |
| RE: .3 and .4
>That sounds a lot like the Mass tax, which seems to be deductible.
Which is why I asked the question. Anybody out there who has
claimed this [successfully]?
|