Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
eaymar1004
New Member

My company went out of business oweing me pay and benefits. Is that deductible?

 
1 Best answer

Accepted Solutions
Rachel_W
Level 4

My company went out of business oweing me pay and benefits. Is that deductible?

No, income that you didn't receive is not deductible.  This income just isn't included on your return so you don't pay any tax on it.

View solution in original post

1 Reply
Rachel_W
Level 4

My company went out of business oweing me pay and benefits. Is that deductible?

No, income that you didn't receive is not deductible.  This income just isn't included on your return so you don't pay any tax on it.

Dynamic AdsDynamic Ads
Privacy Settings
v