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It seems that everyone is confused on the basis of the standard mileage deduction. If you use the "Standard Mileage Deduction" ( you must keep accurate daily mileage per load. and also list Shipper and Reciever for the Per Diem, this is only for Cargo Vans Under 10,000 GVW you cannot deduct the...

Company driver + Fleet owner I've decided that I'm ready to make the jump into ownership. I'm going to buy a cargo van, maybe even two. However, I've also decided I am not going to quit my driving job, I am going to hire someone to drive my van. The reasons are two fold, I don't want to give...

If you are a Company Driver you must use IRS Form 2106, Employee Business Expense. YOU CANNOT DIRECTLY ENTER THE AMOUNT ON SCHEDULE A, On line 4, you enter the unreimbursed purchases that you spent on the truck, Windex, pens, paper towels, Porta Potti or any other items that were used for...

Ontariovanman, What did you finally find out. I know the one in INDY your talking about and the do not use the purblication that I quoted in an earlier post as to the life of the cargo van, and how long the standard mileage pate can be taken. IT IS THE SAME AS IF YOU DEPRECIATED IT...

To OntarioVanMan YOU CAN PRIVATE MESSAGE ME ON THIS. Whcih 2 truck experts are you talking about. the say you cannot use the mileage deduction. i AM GUESSING IT WOULD BE TWO OF THESE CBS, ATBS, PBS, I DONT REMEMBER THE 4TH BUT HES IN TEXAS, THESE ARE THE 4 BEST KNOWN THAT I KNOW OF...

TO: OntarioVanMan, and Phoenix There have been many question about using the standard mileage rate in cargo vans, If you ask any driver who has used it they have not been audited yet. there is a CCM Memo that reverses the standard mileage rate uses, it # 97-1440 if you can find it, I...

FRANK’S TAX & BUSINESS SERVICES AUGUST 1, 2011 E-NEWSLETTER Don’t Be a Victim of a Scam or ID Theft The Internal Revenue Service is encouraging taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates...

Hi all, Please to do try and download Form 2290 until November 1, 2011, this form has been revamped for more information to be entered on that form. Sorry for that, but it is comng under a new law. which we do not have a copy of Franklin Katz, ATP, PA, PB, Frank’s Tax and Business...