Friday, February 26, 2010

I wrote a check for taxes in dec 2007 but it did not clear till 2008. Can I deduct it from 2007 taxes?

I wrote a check for taxes in Dec 2007 but it did not clear till 2008. Can I deduct it from my 2007 income tax. Not my fault if they did not cash it for 3 weeks.I wrote a check for taxes in dec 2007 but it did not clear till 2008. Can I deduct it from 2007 taxes?
Yes. It's OK. It's the date of the check, not when it was deposited.I wrote a check for taxes in dec 2007 but it did not clear till 2008. Can I deduct it from 2007 taxes?
yes you can it's not when it clears it's when it's issued that counts
Assuming that you mean state or local taxes, yes.

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