Search results

Bonnie, I responded to this by land line with you today, Basically according to the IRS it is not advisable to take this as a deduction. It is not a deductiable item. If you are audited, it will be disallowed and you will have to pay the additional tax plus penality and interest. Frank

Hi Cheri, I was at a the 2006 National Association of Tax Professional Tax Conference,of which I am a member of. It was Held in Boston from August 20th to August 25, 2006, while there the IRS Small Business Division was there along with the Tax Advocacy Dept. I asked the same question that you...

Sorry for that, It should of been Florida, Not Delaware Frsnk

>Dog as security system" >Jul-23-06, 11:21 AM (EDT) >Frank we have a 80 lb German Shepard that is with us in the >Truck all the time. Can we write off his maintance as a >security system. I have heard that you can and I have heard >that you can not. Believe me not on tries to get in...

Hi Earl Q: hi frank,talked to you a while back on here.need info again,sorry.meeting with a o/o on sat 7-29-06.i have my own accountant but know 0 about trucking.she does have a cpl of o/o she does taxes for.when i told her of the money i can except to make she said no way. A: I do not know...

Dog as security system" Jul-23-06, 11:21 AM (EDT) Frank we have a 80 lb German Shepard that is with us in the Truck all the time. Can we write off his maintance as a security system. I have heard that you can and I have heard that you can not. Believe me not on tries to get in. Driver: 25 yrs...

If you would like Call the IRS at 1-800-829-1040, you do not have to give any personal information, Just tell them you would like to ask a question that pertains to Self employed persons. Frank

Truckwife, Sorry to say the having a lawn service do your cutting of the lawn while you were on the road is not a deductiable item, due to the fact that if you were not on the road you would have to do it yourself or hire someone. Frank

Frank, Can you send me your fee list for the different services you offer at [email protected]? Thanks. Sincerely, Cheryl Cheryl, By you sending me a e-mail direct I think that I answered your question upon receipt Frank

"taxes and regulations" Jun-18-06, 05:13 PM (EDT) which states are more favorable to live in tax wise and regulations wise while being in the expediting business with multiple trucks and drivers being paid with a 1099. also own a few cargo vans. thank you. There are 5 states that have "NO...

Pam, I got the copies, but I need the whole return to check it out properly the Sch C' do not show you as a partnership, only as sole propreitors I would like to know what this person charged you to do your return due to the partnership he claims he did. Frank

Truckwife, Your question are as follows. 1. I've heared that we can use groceries we buy for the truck as a write off as long as you buy them out of state and 250 miles from our home. {A} As far as groceries the per diem that you reiceve for being on the road covers all food no matter...

Walter, Crazynuff answered this question for me, it would depend on the wayit works out on the road. you cannot guessitmate exactly what the CPM is. it would depend on your own individual driving habits, which I cannot comment on and what you feel is your comfortable level But the average...

rollybil Member since Mar-4-06 6 posts Rate this user "1099 vs. W-2" Apr-24-06, 10:06 PM (EDT) My husband and I own 2 vans and a straight truck in the expediting business and we have an LLC. We have a total of 4 drivers, and we are paying them with a 1099. We pay 60% to the driver and...

{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...

[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...

sEE THE GENERAL FORUU ON THIS i FOUND THE ACTUAL RULING fRANK

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...

Your are still taxed individually and have to pay the SS tax

Frank, Can you give us a teaser as to why a driver paying for fuel and not just an owner / operator needs to either keep very good records or use a service like the one you offer for record keeping. We all see the ads directed at the owner / operator but I think a driver could benefit from the...