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    LisaD56's Avatar
    LisaD56 Posts: 2, Reputation: 1
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    #1

    Aug 22, 2007, 07:24 AM
    Income Tax Credits
    Where do you credit amounts received from the government as a tax credit from previous years?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Aug 22, 2007, 07:43 AM
    Please clarify - do you mean when you do your income taxes where do you show tax refunds (for example, if you receive a refund on your state taxes)?
    LisaD56's Avatar
    LisaD56 Posts: 2, Reputation: 1
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    #3

    Aug 23, 2007, 11:27 AM
    Yes, The company paid income taxes, and it was reassessed providing a refund on these taxes paid. The refund relate to 2005 income taxes paid.
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