Schedule A Question
Date: Sun, 02/01/2009 - 09:06
I am trying to help someone with back taxes. The IRS has given him 30 days to submit 8 years of tax returns. He can't afford a CPA let alone what he is going to owe for the back taxes.
He has nothing so this may be a mute point but I am trying to do the best I can.
I don't understand some of the things on the tax forms but think that there is some deduction he can take on line 5 of schedule A.
He has enough deductions that year to do itemized deductions. He had almost 10000 in mortgage interest. The house is going to be foreclosed on now but that year he had it.
So can someone help me understand what I can do with that line on the tax form?
He has nothing so this may be a mute point but I am trying to do the best I can.
I don't understand some of the things on the tax forms but think that there is some deduction he can take on line 5 of schedule A.
He has enough deductions that year to do itemized deductions. He had almost 10000 in mortgage interest. The house is going to be foreclosed on now but that year he had it.
So can someone help me understand what I can do with that line on the tax form?
Line 5 of what year? Recently it was for State and Local taxes -
Line 5 of what year? Recently it was for State and Local taxes - Income or Sales.