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    Big Truck New Trucks, GVWR, Pusher Axles, and FET......again

    HI all, and according to usafk9, he is correct. but if the truck and the axel, or lift-gate have been fully depreciated, They cannot audit you past the 3 year statute of limitation from the due date of the tax return filed. But if you requested an extension, it would be from the actual filing...
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    Redundant questions of an expediter

    Hi Twiggy, I have Drivers who are signed up with Expediter Services, and most of them are on with FedEX, Currently, are teams and are White Glove, and there total gross income were 1. $217,000 Most are government loads (Don't go home, except Easter, Thanksgiving and Xmas) highest in 3 years...
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    certain ones are, German Sheppard, Doberman, Pit bulls, all others are not, but i have seen...

    certain ones are, German Sheppard, Doberman, Pit bulls, all others are not, but i have seen a driver with a Boa in the truck
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    hi again, i press enter and it went, but here is the problem, legally a dog, depending what...

    hi again, i press enter and it went, but here is the problem, legally a dog, depending what type, is not deductible
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    Hi Big Daddy, Sorry for the Delay in getting back to you but i recieved no notification as to...

    Hi Big Daddy, Sorry for the Delay in getting back to you but i recieved no notification as to your post.
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    Estimated Tax Payments

    Hi All, I know I have not been on for over a month, but this is just a reminder that anyone who pays Estimated Tax Payments for 2015 Income Taxes Your Payment is due postmarked by Midnight, Monday, June 15th, 2015 Your next Payment will be due September 15th, and your final payment is due...
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    Tax Deduction Question

    Who ever told you that does not know trucking, Since I was a company Driver, and O/O in expediting, if you would like give me a call to answer your questions I can give you a better idea of what and what not can be deducted, or you can go on my website and download under Trucker information...
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    Tax Deduction Question

    If you take a motel room it is completely deductilbe while on the road, or on a weekend under or not under a load, and the amount can be used as a complete deduction on line 24A Travel You add all your hotel/motel reciepts together and enter it. It has nothing to do with you Per Deim...
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    Tax question

    YES
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    If you do not already know

    Hi all, #1. if you are driving for an owner, and you are paying for fue you can take the standard Mileage Deduction, but you cannot take any othe deduction as far as the vehicle is concerned. #2 Escrow is not Deductible, THIS IS NOT INCLUDED IN YOUR TOTAL 1099 INCOME AT ALL it is an expense...
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    If you do not already know

    Hi Relent, I have a question for you, may i ask what business code your using on your Sch "C"?, Are you classifing yourself as over-the-Road Truck Driver, 484120, then you are Considered "FOR HIRE", AND REALLY AND legally the standard mileage cannot be used accordingto publication 463. and...
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    If you do not already know

    Morning Michael, No there is no Speclal Sch C, but there should be a small box that says Special Tax Treatment somewhere in your software I have no idea what software your using, If your using the over the Counter software, Turbo Tax, TaxCut, TaxAct, I have no idea where it is, Make a...
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    Tax question

    If the 1099 does not match your settlement sheets, Something is definitely wrong with this picture, have him correct it immediately, soyou can file your tax, If I were you I would gotohis office and insist that he give you one immediately, so if he is thinking of taking your fuel, he will...
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    Earned income credit

    This is a question that is very difficult to answer due to the fact that it is based upon your income, and only the software can qualify you for the Earned Income Credit, it is based upon what your answers are to the compliance questions, if you are doing your own taxes, thenrely upon the...
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    Tax Tips

    Thanks for posting them Chillout, i have not really had the time inbetween processing tax returns, first time a litte break
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    Buying a house

    Once you file your return it cannot be changed unless you Amend the return, AND YOU will owe the taxes that you saved. I guess you are trying show a profit for the bank, IT WILL NOT WORK, sORRY
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    COGS or Expenses

    it also depends on what type of vehicle your using, If you are using a Cargo/Sprinter van and the standard Mileage rate, these expenses are not allowed. neither is your Liability Insurance, repairs, tires, fuel, parts, additional engine oil, additives Te Mileage rate normally is better. for...
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    How do I prepare my receipts for taxs?

    aS THEY SAY "you get what you pay for, if you want them completed correctly, remember i myself was a former company driver and O/O so i know exactly what can what cannot be deducted TurboTax TemporarilyHaltsAllStateE-Filings Amid Fraud Concerns Comment Now Follow Comments (Author’s notes...
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    Very inportant informaion regarding turbo tax software

    HI ALL: I just recieved a notice from Accounting Today News regarding using TURBO TAX STATE E-FILING TurboTax TemporarilyHaltsAllStateE-Filings Amid Fraud Concerns Commnt Now Follow Comments (Author’s notes: Updated to include a statement fromH&R Block HRB-0.73%and from Liberty Tax...
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    How do I prepare my receipts for taxs?

    hi Bolter82, If your going to use an accountant (CPA) most of them charge by the hour. others charge by the Month, or by the week, But the average is around a little over $1000.00 a year for bookkeeping of all your receipts, sorting, and entering the information into a professional...
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