What does the IRS consider double dipping?

For 2013 Tax Tips For Year 2013.

LinkBack

Thread Tools

Search this Thread

Display Modes

#1 (permalink)

05-16-2013, 09:04 AM

reuben

Junior Member

Join Date: Apr 2013

Posts: 15

What does the IRS consider double dipping?

I was wondering if you were to get a tax credit for something ie. Chevy Volt and then a few years down the road donate it to charity could you write off the FMV as a charitable deduction at that time or does the IRS consider this double dipping?

Ads

« How to claim federal tax credit | Tax Reform »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Double tax in C corp ??? different from Australia??	Jeffers	C-Corporation	0	10-04-2009 06:43 PM
Somewhat double tax:interest from trust investments? Timing on when realized?	scarletsupra	Trusts and Gift Tax Returns	0	05-29-2009 08:39 AM
Double Reporting of 1099-misc to recipient	JGRMinneapolis	Miscellaneous	3	03-02-2009 03:36 PM
Corporation-Double Taxation	bookkeeping	C-Corporation	7	12-24-2008 11:09 AM
Mutual fund sale avoid double tax?	gerryt	Capital Gains	3	02-24-2008 03:06 PM

» Categories

Ask TaxGuru?

Individual

» Income

» Estimated Taxes

» Capital Gains

» Itemized Deductions

» IRA/Sep

» Rental Real-Estate

» Alternative Minimum Tax

» Filing Requirements

» Sole-Proprietorship

» Medical

» Auto Expenses

» Social Security

» Tax Credit

» Depreciation

» Divorce Tax Issues

» Homeowner Tax

» Multistate

Corporations

» C-Corporation

» S-Corporation

» Limited Liability Company

» Payroll

» Multistate Tax Issues

» Non-Profit Organisation

» Trusts and Gift Tax Returns

Forum for CPAs

» CPA Forums

Financial Planning

» Estate Planning

» Retirement Planning

» Investment Strategy

» Education Planning

» Life Insurance

» Tax News

» Tax Calculators

» Downloads

» Contact Us

» Latest Tax Tips
How can I obtain the IRS 2021 Form W-7 with the...
IRS extends C Corporation filing date to May 17, 2021
Which Taxpayer Qualifies for Advance Payments?
How do you get a "147C Online- EIN Designation Confirmation...
What are the Foreign Earned Income Exclusion for 2019?

» Recent Tax Q&A
No Threads to Display.

» Free Downloads

Latest Files

What Are the Important Highlights Of 2010 Tax Law
EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker