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Concerning starting with a new cargo van. Are the plywood, e-track, screws, etc required to get a van ready to expedite considered tax deductable expenses, or are they part of the cost of the van which will be expensed out using the mileage method? Thanks. :+ :+

If a O/O takes per diem and mileage depreciation, what are the common expenses that can and cannot be deducted? There is food, fuel, tolls, repairs, tires, accessories for the truck, and many other items. Could someone make a list of some common items? Thanks. :+ :+

I recently spoke with a van O/O. He said he didn't save gas receipts because he used "mileage" as an expense. I understand you can use mileage for depreciation, but I'm not sure what he is talking about using mileage as an operating expense. Can you enlighten me more? Thanks. :+ :+

Does an O/O need a State or Federal Tax ID number. Thanks. :+ :+

ANYBODY got any input for this? Thanks. :+ :+

Let's assume I have ten thousand dollars and I want to buy a cargo van. Let's assume my wife owes ten grand on her car with a $300 a month payment. Would I be better off paying off her car and have a zero payment, or putting the ten biggies as a down payment on the van. I would have ten...

Frank, I understand about the tax brackets, as I have paid more than my fair share through the years. You write $14,300 - $58,100 and $1,430+ at the 15% bracket. What is the "and $1,430+" ? Thanks. :+ :+

Thanks, Frank. :+ :+

>> >The diem is $ 41.00 per day in the US and $46.00 per day in >Canada or Mexico. and is figured at 70% of the total Frank. Would you explain more about the 70%. If I understand, the $41.00 per diem is a deduction that is taken when you are on the road. It has nothing to do with food...

Frank, I understand the per diem is a tax deduction that can be used when compiling your tax return. Exactly what does it cover? Does one still save meal receipts, shower expense, etc? Thanks.:+ :+

Hello again Frank. How many years can you take depreciation? If you go the mileage route, how much is the mileage deduction? Thanks again for the info. :+ :+

Thanks for the info, Frank. Can you take mileage deduction AND vehicle and equipment depreciation both? :+ :+

Can you go into the mileage deduction a little more? I thought a mileage deduction was when you use your own vehicle for business purposes and were not compensated. Is the mileage deduction in a expediter cargo van for all miles, deadhead miles, or both? How could you claim a mileage...