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Dave, basically it would be up to you and your other diver, if you want to invest in a truck right now, Leasing would probably be best but you will be commited for the life of the lease. I would suggest if you can find a good used Truck, buy it, but make sure you are qualified with the company...

frank,do you have a list of write offs?do i have to buy it from you?i have a tax accountant,but she doesn't know everything that can be written off the in trucking biz.i'm going to be a first timer over the road,(str tk team)w/fed ex cc .o/o i think,maybe drive for someone,trying to find out...

On XM a couple days ago I heard one of the supposed experts say you can take the per diem for your food and itemize all your other expeses like fuel, parts, depreciation etc. and wondered if that is correct. Leo Bricker OOIDA 677319 truck 4958 73's K5LDB Support the entire Constitution, not just...

recently moved from a "D" truck to a van. How does per diem still apply in my new situation since I no longer log. I still keep a log on miles driven loaded and empty and destinations and layover locations. My wife is concerned that it may no longer apply because I don't hve an audit trial in...

Hi Broompilot, Nice to see that you are still around. A Number of Months ago you stated that you had the CCM Memo for the Standard mileage rate disallowance. Do you still have It. I would appreciate it if you would e-mail me a copy or drop one in snail mail to me. I thank you in advance...

Roadpilot, According to your additional answers and questions My wife is still employed. I collected unemployment for the first 4 months of 2005. Q") If I want to pay into Social Security, how do I figure the amount and how do I make a payment? A) If i am not getting two personal What Tax...

[B]I attended a Tax Seminar in Balitmore, this past Monday and Tueday, Sept 26th & 27th, and in that seminar I have found out some very impoortant information regarding any O/O's who have had there Accountant set up an "S" Corporation for them. If any of you have not been contacted by your in...

Roadpilot In answer to your message: I've been doing this for six months now and I'll ask before the taxman cometh. How do you make a quarterley tax payment to the IRS, Social Security,etc.? I've been setting money aside for taxes (around 17% of gross) since I started, but I wanted to know: 1)...

RE: Avoiding that 1099 Schedule C Self Employment If you are teaming with a nephew or friend and say you own the truck and just 1099 him at the end of the year, then the 1099 person should take into consideration theat they lose 7.5% off the top as they will have about zero writeoffs except for...

What is the procedure to reclaim GST spent by non-residents? I'm sure there is a procedure but don't know what it is; do you? Drive Safe(ly) Rob A, You would have to go to the website [www.visitorstaxrefund.ca] in order to find out more. I do not know anything about canadian tax laws but I...

RE: Hey Tony, Where have you been, havent heard from you in quite a while Frank Frank's Tax Service Franklin Katz ATP Kings Mountain,NC 28086 704-739-4039

ok i've asked a couple c.p.a.'s and i've got 2 different answers., iam currently a local driver,home most nights with maybe 4 or 5 nights out in hotels,rooms paid by company can i take per diem for those 4 or 5 stays out. run would be say 4am monday,work till 4pm monday,,hotel from 4pm monday...

RE: Avoiding that 1099 Schedule C Self Employment Forum name: Tax Topics For Expediters. Subject: Avoiding that 1099 Schedule C Self Employment Tax Posted by: xkmail Message : A good way to avoid, legally this 7.5% tax is to form a General Partnership. All you have to do is get a basic...

the web site for partners in business is not a course, unless you want to take it. Order the Book, it should be free to all drivers, the charts are not available to you online You have to order the book for those. Frank

Gas Prices Push IRS to Temporarily Up Rate Sept. 12, 2005 (Associated Press) — The Internal Revenue Service, reflecting higher prices at gas pumps nationwide, on Friday increased the mileage reimbursement rate that workers claim when using personal cars for work...

aS i SAID IN THE OTHER POST STRIKE MAYBE THIS WILL WAKE UP EVERY O/O AND DRIVER OUT THERE, NOT ONLY IN EXPEDITIING BUT ALSO ALL THE MAJOR TRUCKING COMPANIES AND THERE DRIVERS AND FINALLY GET OUR INDUSTRY TOGETHER AND PUT THE $$$$ OUT OF THE MINDS OF ALL AND GET DOWN TO BUSINESS AND STOP...

HEY DRIVERS, OK 'your all mad at the new HOS that will be effective this coming Oct 1, WeLL don't you all think that it is coming to a point where all drivers say this is it and STRIKE. EVEN THOUGH IT MIGHT HURT YOUR POCKETS, BUT ITS TIME TO PUT A STOP FROM US MAKING THE MONEY THAT WE...

"deductiable listing for Andrew Wetz" Aug-24-05, 06:41 PM (EDT) This message is for Andrew Wetz, I received your e-mail in reference to subject above, I sent it to the e-mail address you sent it from [email protected] but it cam back as user not known, so I am asking you to re-email and I will...

Hi Joe, the answer to your question is YES I am taking on new clients If you want me to do your bookkeeping and accounting just send all the information to me via US postal service, Priorty Mail flat rate envelope, as long as it fits in the envelope it should only cost you $3.85 prior to jan...

This message is for Andrew Wetz, I received your e-mail in reference to subject above, I sent it to the e-mail address you sent it from [email protected] but it cam back as user not known, so I am asking you to re-email and I will try again Frank