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    WHY USE A TAX PREPARER WHEN I CAN DO IT MYSELF

    HI ALL, THIS IS SOMETHING TO THINK ABOUT!!! Answering the Ever Plaguing Question WHY USE A TAX PREPARER WHEN I CAN DO IT MYSELF!!!! All Taxpayers have several options when preparing their returns * Paper * Personal Computer with store bought software * "Friends" who have a...
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    SOME INFORMATION FOR ALL TO READ

    [color=blue] It seems that a lot of you O/O's and company Drivers wait until the last minute thinking that you are going to owe tax and want to put off the inevitable. What you do not realize is that by planning ahead and those paying estimated taxes over the year reduces the burden when you...
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    To: Streakn1

    A new message has been placed in queue. ------------------------------------------------------------------ Forum name: Tax Topics For Expediters. Subject: Correct me if I%27m wrong Posted by: Streakn1 Message : On 1/20/07 a member posted a question in this forum. Being a regular visitor to...
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    INPORTANT FYI CONCERNING TAX AUDITS

    September 29th, 2006 Here is a notice of what the Small Business and Self employed division of the internal Revenue plans on doing SB/SE Division Plans More Audits To Reduce Tax Gap The IRS Small Business/Self Employed Division says the division plans to perform more audits to reduce an...
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    New Standard Mileage RATE

    Here is the New Standard Mileage Rate for Cargo Vans and Pick-up/Van bodies with 8-14 Ft boxes only. IRS Announces 2007 Standard Mileage Rates IR-2006-168, Nov. 1, 2006 WASHINGTON — The Internal Revenue Service today issued the 2007 optional standard mileage rates used to calculate the...
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    Updated list of

    [b] Updated list of "Retention of Tax Records Posted 9/28 I have an updated list that is about 3 pages and I do not want to take up the thread with it, So if you would like to have a copy Please E-mail me directly at [email protected] Frank
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    TAX COURT CASE PERTAINING TO EXPNESES.

    HERE IS A TAX COURT CASE IN REFERENCE TO CLEINT RECORDS This is a generalization of why you must keep accurate records Client Recordkeeping Makes a Difference All too often, taxpayers do not keep adequate records. Let’s take a look at some of the highlights in Tax Court Summary Opinion...
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    FYI

    For those of you who would like a full IRS notice of how to substantiate your PER DIEM it is available to you by sending an e-mail to me directly at [[email protected]], Frank
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    TRUCKING STOCKS, THE SNOWBALL IS STARTING

    I PULLED THIS OFF OF TRUCKSTOPSUSA.COM, JUST IN CASE YOU ARE WONDERING WHY FREIGHT IS SLOW http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20061002&ID=5936434 the pressure will be on for some companies that are up to debt to their ears..more downfalls will be...
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    CITGO GASOLINE

    HI ALL, Here is a copy of an e-mail that I recieved from a Concerned Truck Driver, QUOTE: We support enough people who hate us with our millions all over the world. The station owners will have to start buying from some other company. Cindy & Chavez Venezuela Dictator Vows To Bring Down U...
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    IMPORTANT FYI ABOUT TAX AUDITS

    September 29th, 2006 Here is a notice of what the Small Business and Self employed division of the internal Revenue plans on doing SB/SE Division Plans More Audits To Reduce Tax Gap The IRS Small Business/Self Employed Division says the division plans to perform more audits to reduce an almost...
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    O/O From Georgia who call me on 9/27/06

    Hi, I dont remember your Name, but we were talking about my service for your 2 trucks and got disconnected. I tried to call you back but your number was blocked on my caller ID. RE: You Are a Corporation You own 2 trucks You have your own authority An you wanted me to send you some...
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    Retention of Tax Records

    Here is a topice that comes up quite often, and this would pertain to everyone. This is something that I have been asked quite a bit over the last 7 years Since I opened my Tax Practice. The question is "HOW LONG DO I HAVE TO SAVE MY TAX RECORDS?". As all of us know the IRS has tyically three...
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    VERY IMPORTANT INFORMATION THAT YOU MIGHT FIND INT

    {B} HERE IS SOME VERY INPORTANT AND INTERESTING INFORMATION CONCERING MANY TAX PREPARERS THAT WORK FOR THE MAJOR CHAINS, THIS ARTICLE WAS WRITTEN BY THE MEMBERS OF THE GENERAL ACCOUNTABILITY OFFICE WHO POSED AS TAXPAYERS. READ ON MY PROFESSIONAL TAX AND ACCOUNTING ASSOCIATIONS POSTED THIS...
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    ESTIMATED TAXES- SHOULD I OR SHOULD I NOT PAY

    [b]HI ALL, Here si something that everyone questions in reference to estimated tax payments. This will give you some idea of weather you should or should not pay them. Income Tax Determining Your Estimated Tax Payments How Can I Figure Out If I Must Pay Estimated Taxes, And, If So, How...
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    HERE IS THE CORRECT PER DIEM FIGURATION

    tHIS IS FROM THE IRS WEB SITE 04 Special rules for transportation industry. SEE UNDER PARAGRAPH 6 (1) In general. This section 4.04 applies to (a) a payor that pays a per diem allowance only for meal and incidental expenses for travel away from home as described in section 4.02 of this revenue...
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    To ONTARIOVANMAN

    In response to message #1 First of all it would depend on what type of unit you are driving, basically the only unit that you can take the standard mileage deduction is a Cargo van, If you drive a Cargo van or van/pickup with a box and take the standard mileage you can only take Tolls, you...
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    lOOKING FOR A BRUCE WHO SENT ME A REQUEST

    BRUCE AT [email protected] OR .NET. I have tried to e-mail you back with the listing attached but it comes back as not the correct e-mail address for [email protected] or .net Please correct the address so that the listing can be sent to you or if you would like send me a physical address...
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    To a Bruce who requested a deductiable listing

    BRUCE AT [email protected] OR .NET. I have tried to e-mail you back with the listing attached but it comes back as not the correct e-mail address for [email protected] or .net Please correct the address so that the listing can be sent to you or if you would like send me a physical address...
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    HERE IS SOMETHING THAT YOU ALL MIGHT BE INTERESTED

    FRANK'S TAX & BUSINESS SERVICES Put Your Fuel Bills on a Diet" If you want to lose a few pounds, you'd check the menu for all those things that would help you reach your goal instead of automatically ordering the usual double cheeseburger and milk shake. Some of the diet choices may not be...
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