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RE: What are the consequences if your tax return s I am trying to file taxes on my own but I have too much stuff to deduct..lol. No, I am dead serious, I drove my van almost 100k miles and I only made like 41k. Now only deducting the standard mileage I would be around zero profit. If I also...

Mr007ram, the Emial Address is [email protected]. you left out the #1 Frank

is there a good acounting software for a 1 truck operator? is will quecken work. expenses or per mile info ect? Hi busforfun, Quicken will work fine but it will not give you per mile cost, make sure it is the Delux Edition of Home and Business. you could also use MS Excel or MS Works...

Hey guys give me a break, the questions are for me to answer, But I thank you for answering them for me anyway. Any recieipt that is on thermal paper I suggest to make copies of each week for your protection, it might be a slight extra cost, but in the long run it will be worth the 1 or 2...

Is my cellphone deductible, & if so, how much of it? (I am paying for my teenage daughter's line, which is not a business expense, but the bills clearly differentiate charges for each line). Thanks for your time in answering, because I haven't seen this question addressed anywhere before. I'M...

"CLEAR ON PER DIEM" Mar-18-06, 05:57 PM (EST) I QUESTIONED ANOTHER TAX PROFESSIONAL ON THIS MATTER AND HERE IS WHAT I GOT: HE SPEAKS OUT ON THE OPEN ROAD XM 171: I have been trying to clear-up this erroneous information since a major trucking organization published a tax column written by their...

hI, These are the states that I know of that require you to scale, where it says that all commerical vehicles Alabama and Log book North Carolina Arizonia possible log book California & log BooK Oregon and Log Bood Wyoming log book plus permit book?? New Mexico Michigan ALL KY WANTS TO SEE...

I think I answerd this question in a direct e-mail from you, but I will anwser for all to see. The Per Diem covers only Meals plus any item that is attached to it including tips. the Per diem is $41US and 46 Canada, for the whole year if you were in this business prior to Oct 1, 2005 If you...

RE: Should I file two separate Schedule C's or one Peace2All "Should I file two separate Schedule C's or one?" Mar-13-06, 10:18 AM (EST) We are a married couple who get two separate 1099 MISC forms. The question is what is the best way to file? Should we use two separate Schedule C's so we...

Peace2All Mar-12-06, 10:04 PM (EST) What proof do I need if I pay for showers, coin laundry, ATM fees, Comdata fees, etc.? Thanks It seems that Famous Amos anwered this question for me. But they do not have to coincide with you log book at all, As long as you are off duty at the time it...

Leo, I appreicate you answering for me, I have been very busy so far and this is the first time that I had a chance to even look at my questions here online. Inorder to take the per diem you must be a truck driver, and cannot run local, meaning if you drive for a company that you are home...

Do you personaly do taxes for people, or do you do just this website? thx john Hi John, I am an Accredit Tax Preparer through the Accreditation Council for Accountancy and Taxaction, and in business as a Tax preparer, Account, and bookkeeper for over 25 years. I also was a Company Driver...

Beachbum20714, right now I would suggest to you to just be a sole propreitor until you know that this is going to be your life, that is being on the road. For you to form a LLC, "S" Corp or Corp I would not suggest it right now. See how it goes the first year or two before you decide to...

beachbum20714 Member since Oct-2-05 28 posts Rate this user "incorp,or self prop" Feb-11-06, 02:32 PM (EST) hey frank,when starting out should i open a separate account for expediting?should i incorporate,or stay self prop?if incorporate then should i go,LLC,S CORP,C CORP,what is the...

If a driver is operating a vehicle under 10,001# can he >still take 70% of the per diem? I read somewhere that only >drivers who fall under the DOT Hours of Service regulations >can take the 70%. >Thanks Yes , you are still traveling . Days are divided into quartes if you are out less than...

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...

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...

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...

"Start-up costs" Jan-07-06, 10:56 AM (EST) Concerning starting with a new cargo van. Are the plywood, e-track, screws, etc required to get a van ready to expedite considered tax deductable expenses, or are they part of the cost of the van which will be expensed out using the mileage method...

Frank, I started in the expediting business in September 2005 and was wondering when I would have to start paying estimated taxes? Up until September I worked for a company and had all payroll taxes taken out. Thanks! Hi You will not have to pay any for this year unles you want to but i do...