taxable refunds
Polish translation: opodatkowane zwroty podatku
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| 15:13 Apr 27, 2012 |
| English to Polish translations [PRO] Law: Taxation & Customs | |||||||
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|  Selected response from: Polangmar Poland Local time: 06:29 | ||||||
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| 4 | opodatkowane zwroty podatku |
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Answers
33 mins confidence: 
opodatkowane zwroty podatku Explanation: zwroty podatku podlegające opodatkowaniu Refunds are taxable (in some cases) because income tax payments are deductible (in some cases). Here’s an example: In 2010 you had $2000 in income taxes withheld, which you deducted. Then you received a $500 refund on your 2010 return. That means you deducted $2000, but you actually paid only $1500. Making the refund taxable makes up for that. http://cedarrapidstaxes.org/volunteers/volunteer-resources/f... |
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