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Re: Groceries
I have found another example of why this issue is so confusing and why you need a good truck accountant. Even with the truck accountants they all look at the issues differently. I am taking a course from ATBS called CABS Course of Advanced Business Standards and this is a quote from two of the chapters on deductions:
Entertainment: This expense is deductible only if you entertain a business associate such as a fleet manager, another driver or a shipping clerk. This deduction is NOT for you own personal entertainment such as movies, books, or video rentals, not related to your business.
Record Keeping: Your log book provides data as to the number of days you were away from home which is necessary to support your PerDiem allowance. This means that receipts for meals and showers do not need to be kept since your per diem covers these expenses.
This goes to show that each accountant looks at the rules different and also each driver looks at the rules different. Which to me means each IRS agent is going to look at all the rules different.
I think we will continue to deduct what we are comfortable with.
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Bob & Linda FedEx CUSTOM CRITICAL
Owner/Operator D6077
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