Discussion:Taxes2
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Discussion Forum Index --> Basic Tax Questions --> Taxes2
Discussion Forum Index --> Tax Questions --> Taxes2
| 6 April 2008 | |
| On 1040 where would I report S125? Also what is 3PSP and S125 | |
| 6 April 2008 | |
| S125 is a reference to Section 125 cafeteria/flexible spending account monies withheld from employees playchecks.
I believe that 3PSP is a withholding amount for the purchace of the newest versions of Grand Theft Auto Hawaii Vice edition coming out soon for the Play Station Portable. This game is so graphic and so autistically challenged that they are requesting premium money way in advance of it's release. | |
| April 6, 2008 | |
| Fstein, I have a lot of returns you could help me with if you've finished all of yours....you seem to have excess time on your hands :-)
Bp - in case you missed the joke, Fstein is pulling at least one of your legs. No profile, no real answers. | |
| 6 April 2008 | |
| ok I entered in my profile I am an attorney in New York who assists clients with taxes during tax season. Nice to meet you all. If anyone can tell me where I report S125 on the tax return or even if it is necessary to be reported. Also what does 3PSP stand for and where do I report that on 1040. | |
TheTinCook (talk|edits) said: | 6 April 2008 |
| 3rd party sick pay? | |
| 6 April 2008 | |
| thanks tincook that sounds right. Do I report this amount on 1040 as income? Also what about S125 can I take a deduction for this amount | |
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