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[b]For those of you that are a Full "C" Corporation and "S" Corporation Your tax return must be filed, with an extension by Monday September 15th. For those of you who never filed for and extension by March 15th, 2008, even if you file your return you still will be penalized a minimun of...

This is a copy of a press release, that the IRS issued in September 2008, through this release the IRS will implament more audits on the following business persons, Taxpayers who file Small Corporations (1120S) especially if no Salary, or any compensation for officers is not taken...

MCBuggyCo has just posted in the Tax Topics For Expediters forum of Expedite Trucking Forums under the title of Just Rewards. This thread is located at http://www.expeditersonline.com/forum/tax-topics-expediters/32768-just-rewards.html Here is the message that has just been posted...

Understanding New Tax Changes Can Yield Big Benefits There are Three New Provisions That Taxpayers Should Be Aware of in 2008. If you haven’t used a tax professional in the past, this just might be the year to start. The first half of 2008 has seen a number of laws, rate changes, and...

Hi All, TO ALL DRIVERS WHO FILED FOR AN EXTENSION TO FILE YOUR TAX RETURNS. I Hope That All of You have Made an Appointment With Your CPA's, Accountants, Tax Preparation Firms that Prepare Your Tax Returns. I know that most of them request that all information be in there offices no...

Hi All, This message would only pertain to thoughs of you who drive tractor/trailers. The company that you are leased to, if they did not tell you that you have to File Federal Form 2290 Heavy Highway Vehicle Use Tax Return by AUGUST 31th of each year. This is the filing deadline for...

Atbs -------------------------------------------------------------------------------- I AM CURRENTLY A CLIENT OF atbs TO WHOM I SUBMIT ALL MY RECEIPTS AT THE END OF EVERY MONTH. I'M REALLY UNHAPPY WITH THEIR SERVICE AND WOULD LIKE TO EMPLOY ANOTHER ACCOUNTANT. I AM CONCERNED ABOUT GETTING...

Donations on Tax Forms -------------------------------------------------------------------------------- I have a couple of storage units that have been holding many items we no longer use and thought about donating them to Goodwill, Salvation Army, etc. What I need to know is if we can...

Like-Kind Exchanges Under IRC Code Section 1031 This is a article posted directly from the IRS Web Site FS-2008-18, February 2008 WASHINGTON — Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC...

In the paragraphs below you will find the forms of what types of business entities that are available. FORMS OF OWNERSHIP One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term implications, so...

I was entering the information for this week, but I hit the wrong button and all was lost, I will rewrite it on Monday, Sorry. Does anyone have any questions that I can answer for you, It does not make any difference weather its during tax filing season, if you filed for an extension...

Hi all, What you eat directly effects your sugar levels, When I was driving I was on oral medication, Metformin, Actos, prior to my Silent Heart Attack and bypass surgery from Conjestive Heart Failure in 2002 That is when I was told that I could not Drive anymore. The problem with...

Steady Eddie, Can you send me one also, so I can see what your using. that is if you do not mind, I would Appreciate it. if you are going to mail it, Frank's Tax & Business Service 120 York Rd Kings Mountain, NC 28086 or attach and to e-mail to [email protected] Thank You...

Moose, Your cost is correct between 50 and 60 cent per mile net. with a tractor/trailer Straight truck is between 45 and 55 cent per mile Cargo Van is between 40 and 45 cents per mile this is all based on all expenses. fuel, tolls, fuel tax, insurance, repairs, etc. and thanks for...

HI ALL, THIS IS THE FINAL AND THIRD STAGE OF THE LLC, IF THESE DECISIONS ARE NOT MADE. YOU WILL HAVE PROBLEMS. PART III LLC'S THE UGLY 1. Improper formation of the LLC- Failure to meet taxpayers needs A. When the LLC is not the proper formation: 1. Business...

Senior Member Join Date: May 2008 Location: Minnesota Posts: 120 Re: profit/loss spreedsheet for trucks?? -------------------------------------------------------------------------------- Frankly , Frank , i have always used an accounting and tax preperation firm for my...

Thanks Moose, That will work, but there is only one item on it that the IRS does not like, and that is the line that states [u]MISCELLANOUS[u], They want to see exactly where you are spending on what. they want it broken down into exact, THAT LINE IS THE MOST DECEVING OF ALL, I HAD...

Sory I got off the main point of the spreadsheet, Quicken Personal and Business will give you a P & L , but you have to adjust it to the business, Quickbooks I think has transportation industry format within its program, it is basic, you are looking at $200.00 foir the Pro edition...

Truckster There are no real P & L spreadsheets for the trucking industry, you can format your own from any accounting software, and add items to the listings yourself Quicken, is a good basic accounting software, it would give you what you need and a P & L but it is not just for...

Hi All, If your truck breaks down and you rent a vehicle, weather it be a truck or car to use or to continue with loads, it is DEDUCTIBLE no matter what, you are away from your home originally on business. Remember once you leave your home with the truck, you are considered away on...