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Then this is your finally year for the mileage rate, make sure you get receipt for everything in 2011 Frank

you have one problem the lundry room is deductible, but the new clothes aren't frank

60/40 Tax Question -------------------------------------------------------------------------------- Thinking about purchasing a few cargo vans and putting drivers in them . Will be doing a 60/40 pay split . Question is : since driver will be paying for fuel , would I take the depreciation...

Ontarioman Morning, This is day 1 of the Expo this year and we hope that it will be a good one, Frank..I do believe this 2010 tax year will be my 5th year now, same van... I did not itemize mileage last year...so this is something NOT submitted but should have, should they want to see...

Ontariovanman, Things are changing, The Irs is Cracking down on the Standard Mileage Rate. Now you just cant give the beginnig and ending mileage for the full year. it must be broken down daily each day. to-from pick-up-deliver to beginning- ending- to truck stop?? legally you have...

Layshooter, If the Excel worksheet is working for you fine, use it and make sure your accountant who everyou use get a copy to enter into the tax software for the 2010 tax filing software. If you plan on doing your own, I would not to many mistakes are not caught and you lose...

your asking for a Good accountant, in the Detroit Area, I don;lt know of any that specialize in Trucking, they might say they do, but I would not want to correct any returns that you have had them do if they did not give you the correct per diem, etc. Franklin Katz, ATP ,PA, PB...

Nightcreacher explained the correct senario. Do not purchase anything until you are ready to go on the road with a contractor. the main reason is that the item might already be installed in the vehicle. Franklin Katz, ATP ,PA, PB Frank’s Tax and Business Service 120 York Rd Kings...

I understand where you are coming from, but if this is your first year and don't know what exactly to do, have a professional prepare and file them for you. But there are specific requirement that will be requested by the professional for proof of your deductions. if the proof is not...

[b]Why does the per diem confuse so many, it is simply stated that the per diem is for reimbursement of food only, it does not cover showers, laundry and other misc expense. As I said before, if you fuel and have a fueler card, you do not pay for showers so they are not deductible, but...

06-21-2010, 05:45 AM #1 (permalink) sparkle8859 Member Join Date: Apr 2010 Posts: 32 can I use my husbands tax return to pay for my taxes -------------------------------------------------------------------------------- my husband hasn't filled in 2 years,we know he's...

Hi Bob, Linda, DeiselDiva, etc. Laundry is a Completely legal deduction but since no receipts are available you have to make one up. as follows example: Date: Place (T/A Knoxvile, TN ) Washing Machines: $ 00.00 Dryers: $ 00.00 Washing Detergent $ Bleach...

You must own a Cargo Van to use the standard Deduction If this deduction is used YOU CANNOT DEDUCT THE FOLLOWING ANY REPAIRS, TIRES, PARTS, OIL AND ALL MAINTENANCE LIABILITY, COLLISION, BOBTAIL INSURANCE iF MILEAGE IS USED: THE TAX DEDUCTION LIMIT IS 5 YEARS BY IRS CODE, AFTER THE 5TH...

More Per Diem Questions -------------------------------------------------------------------------------- I was a company driver from January thru June, Then as a driver for a fleet owner July till now. So do I file per-diem on form 2106 at the $52 rate, Did your wife drive for the...

it depends on the area, or audit trail that is being saturated for audits, There is no guarantee that will not be audited, but as long as you have accurate record, and a copy of your lease contract that states that you the company you are leased to has exclusive right to you vehicle and you...

The 2010 Per Diem rate is $59.00 per day subject to 80% of the total at least until September 30, 2010 The standard mileage rate for 2010 is 50.5 cents per mile. Franklin Katz, ATP ,PA, PB Frank’s Tax and Business Service 120 York Rd Kings Mountain, NC 28086-3151 (704) 739-4039 Fax...

HI ALL It seems that there is much confusiion about the per deim and how it works, On the day you leave it is based on the time of day, if you leave from 6AM to Noon it is 3/4 day, noon to 6PM is considered 1/2 day, and after 6 PM to midnight a 1/4 day. If you are in a cargo van...

. Information Release For Release: Immediate Release Date: March 3, 2010 Subject: Tax / Consumer Interest Media Contact: Professional’s name: Franklin Katz, ATP, PA, PB Professional’s business name: Frank’s Tax & Business Service Business address/location...

Morning ALL!! This is very important for all taxpayers, there is an e-mail going around that states that you can get an additional Refund from the IRS. The IRS DOES NOT SEND OUT E-MAILS TO ANY TAX PAYER!!!!!!, DO NOT REPOND, OR OPEN THE ATTACHMENT TO IT , IT IS A SCAM!!!. IT READS AS...

ARE YOU A FIRST TIME DELINQUENT TAXPAYER Its April 10, 2010, I find myself sitting across the conference room table from a long time client. John has owned a Landscaping business for 15 years. I have just told him that he owes over $10,000 in Income Taxes. John looks up at me, his face...