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On November 26, 2008 there was an article in the Wall Street Journal which the State of NY has gone after Tax Preparers and found that approximately 1300 firms, were not complying with federal and state tax regulations. this article was released by all four of the associations that I am a member...

Hi all, Happy Holiday Season You do not want to use Pubklication 1542 which gives you each state and the counties with a higher per diem, due to the fact that those per diem figures are only used for salesmen and other types of Companies. these figures would be subject to only 50% of the...

RETIDEPXE Junior Member Join Date: Jan 2007 Location: Texas, USA. Rating: Not Rated Posts: 23 Depreciation; Purchased used 2007 St Trk -------------------------------------------------------------------------------- Frank, Not sure if I screwed up by not buying a new vs...

The standard Mileage Rate is Split for 2008 From January 1, through June 30, 2008 is 50 1/2 cents per mile From July 1, 2008 though December 31, 2008 is .58 1/2 cents per mile 1. 2009 Standard Mileage Rates Announced The IRS has issued Revenue Procedure 2008-72 announcing the 2009...

Ok, Im going to be starting in this Biz in a matter of a few weeks from now, Im going to be a Cargo Van operater. I have things getting ready to head out BUT:::,Im am not sure about the whole tax portion of this ,. starting this week Im meeting with somebody from a local H & R block, they claim...

Here is a Court Case Concerning US Express Leasing, Inc. vs Illinois Department of Revenue, No 1-07-1204(Illinois Court of Appeals, Third Division. August 27, 2008 The Court has ruled that a commerical trucking company is subject to the state's motor fuel tax for the time spent idling off...

-------------------------------------------------------------------------------- Here are a couple of Questions that are asked from tax payer like you, It might pertain to you or not, but here are the questions Question: 1 John and Linda were married in 2006. Linda sold her principal...

HI ALL, WE ARE NOW IN NOVEMBER, 2008 How time flies, it's getting to that time of year again where you all will have to get all your receipts together for the person who does your taxes. Normally, from this time through Xmas you should be busy, depending on the company that you are...

THE 5 MOST IMPORTANT DECISIONS THAT YOU HAVE TO MAKE WHEN STARTING YOUR BUSINESS 1. Have a Business Plan a. Business Plans are used for Financing b. They provide a yardstick againist which future preformance will be measured c. They provide a framework for decision making and...

THE 5 MOST IMPORTANT DECISIONS THAT YOU HAVE TO MAKE WHEN STARTING YOUR BUSINESS 1. Have a Business Plan a. Business Plans are used for Financing b. They provide a yardstick againist which future preformance will be measured c. They provide a framework for decision making and...

It seems as though I remember someone telling me that there were certain tax advantages for buying a new commercial truck or van in 2008 as opposed to waiting until 2009. Does anyone know anything about that? Thanks for the help! It has been the same for a couple of years due to the...

Hi layoutshooter, I will gladly go over your tax return, but i must have all of the information to do it properly, It would depend on how long it will take me, Normally we would be talking roughly 1-2 hours at $38.00 per hour. Probably more in the area of $50.00. True you can do...

FJK 1954 You are correct in your answer, I did his taxes and they got him for sure, I warned him, but as I have said before, Pay those quarterly taxes, then you will not have to lay out the $$$$$$$$$$$ when the return is complete. it only hurts a little if you do it quarterly, But...

It seams that there are many answers to the same question, How does this company rate against that company, I myself have been where all of you are, Company Driver and O/O for Carretta Trucking, Paramus, NJ (Out of Business), and KLLM Transport, Company Driver, and O/O leased on to CTX, and...

LA-MS-2008-47, Sept. 29, 2008 . WASHINGTON — Victims of Hurricane Gustav in Mississippi may qualify for tax relief from the Internal Revenue Service. Following severe storms and flooding on Aug. 28, the federal government declared Adams, Han****, Harrison, Washington and Wilkinson...

Re: tax info -------------------------------------------------------------------------------- well, just what is required for the trucking and contractor buisiness, so as to not get in trouble with the IRS --------------------------------------------------------------------------------...

OK Everyone, Here is the New E-mail Address: For All TAX RELATED QUESTION, INFORMATION, ETC. [email protected] Thanks, Frsnk

Sorry to inform everyone that the E-mail addresses fkatz1@ bellsouth.net and frankstaxservice1@ bellsouth.net is no longer working, It seems that we have had a problem yesterday with my account. I had to disconnect my home phone and DSL service due to the cost of my diabetic medications. and...

jrgibbs1 Junior Member -------------------------------------------------------------------------------- where can one find the tax info for OO and contractor filings Hi jrgibbs1, I do not know exactly what you are looking for. Estimated Tax forms?, 1099Misc ? for your...

I have always been under the impression that you had to file quarterly estimated taxes. I have been hearing several truckers at truck stops lately that say that they never file that way and have never been charged penalties, late fees etc. It sounds funny to me. Am I right? My C.P.A. says I have...