Speedwagen
Seasoned Expediter
Cargo Van Mileage Deduct vs Depreciation:
As I have read and researched:
If one has their own authority and does not lease to a carrier
for exclusive use, yet uses many carriers/ brokers, one is
considered "For Hire" and standard mileage deduct is not
allowed- only standard depreciation and actual expenses, correct?
What if one only uses multiple carriers (which some folks do?),
and uses the carrier's authority(s) for the load by branding their vehicle
with their company information by use of a magnetic sign, and then switching carriers/loads for the next job- would/could that
be considered "exclusive use" and not be considered "For Hire?"
Not sure on that one...
Edit: In general, I'm having a hard time understanding why being
"For Hire" or "Not For Hire/ exclusive leased" has any bearing
on whether a 85%/15% Standard Mileage deduct is allowed for vans.
Cargo Van Per Diem
OK, so you're in a cargo van and away from home working:
You are under 10,000GVW and do not do Haz Mat, so you
really do not fall under any Federal regulations-
No 80% Per Diem allowance/ deduction?
If not, what is acceptable with IRS?
50% Per Diem or 50% of Actual Expenses or?
Thanks ahead of time for the response(s).
As I have read and researched:
If one has their own authority and does not lease to a carrier
for exclusive use, yet uses many carriers/ brokers, one is
considered "For Hire" and standard mileage deduct is not
allowed- only standard depreciation and actual expenses, correct?
What if one only uses multiple carriers (which some folks do?),
and uses the carrier's authority(s) for the load by branding their vehicle
with their company information by use of a magnetic sign, and then switching carriers/loads for the next job- would/could that
be considered "exclusive use" and not be considered "For Hire?"
Not sure on that one...
Edit: In general, I'm having a hard time understanding why being
"For Hire" or "Not For Hire/ exclusive leased" has any bearing
on whether a 85%/15% Standard Mileage deduct is allowed for vans.
Cargo Van Per Diem
OK, so you're in a cargo van and away from home working:
You are under 10,000GVW and do not do Haz Mat, so you
really do not fall under any Federal regulations-
No 80% Per Diem allowance/ deduction?
If not, what is acceptable with IRS?
50% Per Diem or 50% of Actual Expenses or?
Thanks ahead of time for the response(s).
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