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From: john@hp-pcd.UUCP
Newsgroups: net.taxes
Subject: Re: 1099G & State Tax Refunds Discussion
Message-ID: <53400006@hp-pcd.UUCP>
Date: Sat, 17-Mar-84 20:50:00 EST
Article-I.D.: hp-pcd.53400006
Posted: Sat Mar 17 20:50:00 1984
Date-Received: Sun, 25-Mar-84 08:06:39 EST
References: <2429@brl-vgr.UUCP>
Organization: Hewlett-Packard Portable Computer Division - Corvallis, OR
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Nf-ID: #R:brl-vgr:-242900:hp-pcd:53400006:000:732
Nf-From: hp-pcd!john    Mar 22 17:50:00 1984

I used to work with an engineer who figured his taxes just that way.If he ever
gets audited I dont't know who I'd feel sorrier or , him or the IRS.

It makes sense to count tax refunds as income. Otherwise you could make a
large overpayment on your state estimated taxes in Dec, deduct it from your
fed in Jan, and get a state refund in Mar. Theres no such thing...

BTW most of the tax guides that I have seen are great if your a business or
self employed, but what if you work for someone else? I know that I can deduct
books and magazines that pertain to my profession but what about calculators
or larger computers that I buy to keep current in my field. Are there any good
guides in this area?

John Eaton

!hplabs!hp-pcd!john