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Tax Topics For Expediters Got a Tax question? Need help with a bookkeeping problem? Frank Katz can help you! A tax preparation expert with many years experience plus an in-depth knowledge of the trucking industry, Frank will respond to your questions on this forum.

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Old 01-31-2002, 04:30 PM   #1 (permalink)
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ENTERTAINMENT EXPENSES

WE ARE DRIVERS WE DON'T OWN THE TRUCK.WE HAVE BEEN TOLD WE CAN'T DEDUCT ENTERTAINMENT EXPENSES. THE OTHER DAY I WAS TOLD BY ANOUTHER DRIVER THEY DO. THEY DEDUCT GOING TO THE MOVIES,PLAYSTATION GAMES,AND MOVIES THEY BUY TO WATCH IN THE TRUCK ETC. IS THAT LEGAL?
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Old 01-31-2002, 04:30 PM   #2 (permalink)
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RE: ENTERTAINMENT EXPENSES

BOBBYSGIRL, :7 :7

YES, IT IS TRUE YOU CAN DEDUCT ALL EXPENSES WHILE YOU ARE OUT ON THE ROAD ONLY. DO NOT TRY AND DEDUCT THE MOVIES OR ANYTHING ELSE WHILE YOU ARE AT YOUR PLACE OF ABODE.

WHEN YOUR TAX RETURN IS BEING PREPARED, MAKE SURE YOU PUT THIS AS OTHER EXPENSES ON YOUR FORM. DO NOT ENTER IT UNDER MEALS AND ENTERTAINMENT, THIS LINE IS ONLY FOR YOUR DEIM PAY, THE PLEASURE ITEMS TO PAST THE TIME LAYING OVER ARE GROUPED INTO OTHER EXPENSES. WITH SMALL ITEMS UNDER $75.00. EITHER KEEP A SMALL NOTE BOOK, WITHIN A SPREAD SHEET ON A COMPUTER, OR ANY TYPE OF EXPENSE FORM FOR PROOF IF AUDITED.

IF YOU WOULD LIKE AN INFORMATION PACKET, SEND ME YOUR NAME AND ADDRESS VIA e-MAIL OR GIVE ME A CALL AT (1-704-739-4039) AND WOULD BE GLAD TO SEND THE INFORMATION YOU NEED FOR DEDUCTIONS,AT NO CHARGE. AND IF YOU WANT ME TO BE YOUR INCOME TAX PREPARER, I AM CERTIFIED, AND A MEMBER OF THE NATIONAL ASSOCIATION OF TAX PROFESSIONAL, i DO NATION WIDE FILING AND HAVE AUTHORIZATION IN ALL 5 ELECTRONIC FILING CENTERS. MEMPHIS,TN, AUSTIN,TX, CININNATI,OH, OGDEN, UT, ANDOVER, MA

THANK YOU FOR THE INQUIRY
FRANK KATZ
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