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Tom I will get back to you sometime next week in reference to this, I have a worksheet on the sale and will figure it out for you Frank

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...

"fuel or mileage" Dec-18-05, 12:19 PM (EST) does a d unit have to take actual fuel purchase amt or are we aloud to take the standard mi. ded.. read an article in the newspaper copy of the trucker news and it confused me so i post this ? for an answer. also pls explain the rules that go along...

RE: To deduct, or not to deduct. That is the ques "To deduct, or not to deduct. That is the question" Dec-17-05, 12:19 PM (EST) If a O/O takes per diem and mileage depreciation, what are the common expenses that can and cannot be deducted? There is food, fuel, tolls, repairs, tires...

Tennesseehawk, I think its going to be quite a while before that happens Frank

[b]SORRY, for this post, but it is getting to that time of year again for you to gather your information and expenses, and either sending them to your accountant,or tax preparer that you choose. Make the correct choice and find someone who knows how to do Truck Drivers Income Taxes. Ask some...

[b] This article was attached to my AOL Main Screen and I figured I better copy and paste just incase you have not seen it. This With an increased enforcement budget, the IRS is threatening to conduct more audits. Should you be worried? Resisting any moves toward tax hikes, the Bush...

Hi All, It seems that this topic had come up a couple of times this year, [b]If you are using the Standard Mileage Rate for 2005 Business Miles you must break down the number of miles due to the Increase on Oct 1, 2005. The Mileage rates are as follows for tax year 2005 Only : From January...

new to expediting, I have a question regarding the fuel tax i drive teams with my dad in a straight truck and when we purchase fuel we pay the price that includes the tax. so whats the process do we still pay fuel taxes? thanks john Hi John, In a straight truck you do have to pay the IFTA...

eARL i THINK i ANSWERED YOUR QUESTION BY THE DIRECT E-MAILS YOU SENT ME fRANK

Russell, sorry for the lateness in getting back to you but my computer was down, NO YOU DO NOT HAVE TO PAY THE FUEL TAX. FRANK

Crayznuff, thanks for anwering that question for me, and you are 100% correct in saying that if you dont have a reserve do start in this business, It a great business to get in but you all have to remember that you have to have enough to fall back on for atleast 4 weeks of reserve to get you...

Crazynuff, If this is a little late in getting to you I am sorry but I have been have puter problems. an I didnt want to send any viruses that I might of picked up when the computer virus scan was not working. NO YOU DO NOT HAVE TO PAY THE IFTA TAX. Frank

[b] * Maximum Per Diem Rates Updated * * The IRS has released Rev. Proc. 2005-67 updating the maximum per diem rates for meals and lodging. The updated per diem rates are released each year in October. Taxpayers have the option of using the updated amounts for the period beginning October 1...

I will be pulling 5th wheel travel trailers for Horizon transport, and I will be driving a Ford F-350 pick up truck with the GVWR of about 9,900 lbs, and pulling trailers that are no more than 16,000 lbs. Am I liable to pay fuel tax ? Any other surprises in the transport industry ... he ...

Hi Frank I hate having payments! We have been working hard at paying of our 2005 Freightliner. We have it set to pay off in about 2 1/2 years at the most. We are also working on trying to be able to pay cash for out next truck. I have been weighing the difference between paying the interest for...

2. "RE: Per diem again???" Oct-22-05, 11:27 AM (EDT) In response to message #1 Jenny, D truck was sold 9/13, van bought 9/14 with no trade in. There was a gain on sale of D truck, and believe that will need to be deducted from cost of van before figuring depreciation, which I see is over 5...

I recently spoke with a van O/O. He said he didn't save gas receipts because he used "mileage" as an expense. I understand you can use mileage for depreciation, but I'm not sure what he is talking about using mileage as an operating expense. Can you enlighten me more? Thanks. OldProf, It...

Inanswer to all the question is IS THE COMPANY ACTUALLY USING HOUSEHOLD MOVERS GUIDE?. THIS IS WERE THE PROBLEM MAINLY LIES. HHG IS CITY LIMIT TO CITY LIMIT SHORTEST ROUTE POSSIBLE, THAT IS WHAT THEY ARE USING. fRANK

If you are looking for one you might of found it, My anme is Frank Katz, Frank's Tax & Business Service, I am located in Kings Mountain, NC and have been doing Income Tax and Accounting services for over 20 years. I am not a CPA, Or Enrolled Agent, but I was a Truck Driver, O/O, company driver...