Shocking on IRS form special deduction for boycotting Israel MUST SEE

[mord]

http://www.irs.gov/efile/article/0,,id=185690,00.html        got to link official    










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Form 5713 Schedule B Form Field Reference for TY2010
 

SCHEDULE B (FORM 5713) Specifically Attributable Taxes & Income ...
Field No.    Description    Line Ref.
 
0020    Boycotting Israel    
0030    Boycotting Other    
0040    Identify Other Country    
0050    Name Of Country    a(1)
0060    Business Code    a(2)
0070    Description Of Business Activity    a(3)
0080    Foreign Taxes    a(4)
0090    Prorated Share    a(5)
0100    IC-DISC Taxable Income    a(6)
0110    FSC Taxable Income    a(7)
0120    Name Of Country - 2    b(1)
0130    Business Code - 2    b(2)
0140    Description Of Business Activity - 2    b(3)
0150    Foreign Taxes - 2    b(4)
0160    Prorated Share - 2    b(5)
0170    IC-DISC Taxable Income - 2    b(6)
0180    FSC Taxable Income - 2    b(7)
0190    Name Of Country - 3    c(1)
0200    Business Code - 3    c(2)
0210    Description Of Business Activity - 3    c(3)
0220    Foreign Taxes - 3    c(4)
0230    Prorated Share - 3    c(5)
0240    IC-DISC Taxable Income - 3    c(6)
0250    FSC Taxable Income - 3    c(7)
0260    Name Of Country - 4    d(1)
0270    Business Code - 4    d(2)
0280    Description Of Business Activity - 4    d(3)
0290    Foreign Taxes - 4    d(4)
0300    Prorated Share - 4    d(5)
0310    IC-DISC Taxable Income - 4    d(6)
0320    FSC Taxable Income - 4    d(7)
0330    Name Of Country - 5    e(1)
0340    Business Code - 5    e(2)
0350    Description Of Business Activity - 5    e(3)
0360    Foreign Taxes - 5    e(4)
0370    Prorated Share - 5    e(5)
0380    IC-DISC Taxable Income - 5    e(6)
0390    FSC Taxable Income - 5    e(7)
0400    Name Of Country - 6    f(1)
0410    Business Code - 6    f(2)
0420    Description Of Business Activity - 6    f(3)
0430    Foreign Taxes - 6    f(4)
0440    Prorated Share - 6    f(5)
0450    IC-DISC Taxable Income - 6    f(6)
0460    FSC Taxable Income - 6    f(7)
0470    Name Of Country - 7    g(1)
0480    Business Code - 7    g(2)
0490    Description Of Business Activity - 7    g(3)
0500    Foreign Taxes - 7    g(4)
0510    Prorated Share - 7    g(5)
0520    IC-DISC Taxable Income - 7    g(6)
0530    FSC Taxable Income - 7    g(7)
0540    Name Of Country - 8    h(1)
0550    Business Code - 8    h(2)
0560    Description Of Business Activity - 8    h(3)
0570    Foreign Taxes - 8    h(4)
0580    Prorated Share - 8    h(5)
0590    IC-DISC Taxable Income - 8    h(6)
0600    FSC Taxable Income - 8    h(7)
0610    Name Of Country - 9    i(1)
0620    Business Code-9    i(2)
0630    Description Of Business Activity - 9    i(3)
0640    Foreign Taxes - 9    i(4)
0650    Prorated Share - 9    i(5)
0660    IC-DISC Taxable Income - 9    i(6)
0670    FSC Taxable Income - 9    i(7)
0680    Name Of Country - 10    j(1)
0690    Business Code - 10    j(2)
0700    Description Of Business Activity - 10    j(3)
0710    Foreign Taxes - 10    j(4)
0720    Prorated Share - 10    j(5)
0730    IC-DISC Taxable Income - 10    j(6)
0740    FSC Taxable Income - 10    j(7)
0750    Name Of Country - 11    k(1)
0760    Business Code - 11    k(2)
0770    Description Of Business Activity - 11    k(3)
0780    Foreign Taxes - 11    k(4)
0790    Prorated Share - 11    k(5)
0800    IC-DISC Taxable Income - 11    k(6)
0810    FSC Taxable Income - 11    k(7)
0820    Name Of Country - 12    l(1)
0830    Business Code - 12    l(2)
0840    Description Of Business Activity - 12    l(3)
0850    Foreign Taxes - 12    l(4)
0860    Prorated Share - 12    l(5)
0870    IC-DISC Taxable Income - 12    l(6)
0880    FSC Taxable Income - 12    l(7)
0890    Name Of Country - 13    m(1)
0900    Business Code - 13    m(2)
0910    Description Of Business Activity - 13    m(3)
0920    Foreign Taxes - 13    m(4)
0930    Prorated Share - 13    m(5)
0940    IC-DISC Taxable Income - 13    m(6)
0950    FSC Taxable Income    m(7)
0960    Name Of Country - 14    n(1)
0970    Business Code -14    n(2)
0980    Description Of Business Activity - 14    n(3)
0990    Foreign Taxes - 14    n(4)
1000    Prorated Share - 14    n(5)
1010    IL-DISC Taxable Income - 14    n(6)
1020    FSC Taxable Income    n(7)
1030    Total - Foreign Taxes    o(4)
1040    Total - Prorated Share    o(5)
1050    Total - IC-DISC Taxable Income    o(6)
1060    Total - FSC Taxable Income    o(7)

[t_h_j]

Yea uh its not a "special deduction" at all.  read this:

http://www.irs.gov/taxstats/bustaxstats/article/0,,id=97033,00.html

[Debbie Shafer]

What next!   It does my heart good to see so many people supporting Israel and contributing to Jewish Organizations!!!!!   UP Yours to Our Government!

[Kahane-Was-Right BT]

Yes please read what thj cited.

"Congress enacted the antiboycott laws in the 1970’s in response to the Arab league’s boycott of Israel. Covered operations include any business or commercial transactions, even if they do not generate income. Although Congress intended these laws to dissuade boycotts of Israel, they cover any boycott not sanctioned by the United States. "

[mord]

BOY I'M GLAD TO SEE THIS

[The One and Only Mo]

 

[t_h_j]

read other posts in the thread

[The One and Only Mo]

Confused

[The One and Only Mo]

nvm, got it

[Dr. Dan]

You know what? I donate to JTF/VJA and get a tax deduction....So screw that crap...

[angryChineseKahanist]

I fail to see the problem here. It says it was enacted because of the arabs boycotting israel. You don't like that?