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    Self employment tax

    Hi KYoung, I am very sorry I did not answer you sooner Your Questions are/ Each year this one gets me. I have read somewhere that I could pay my wife since she is my co driver, and drove the truck by herself for a few months.? Yes you can, but it is not the proper way to do it since you are...
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    mileage

    Bullrush, Still waiting for the copy of that memo E-mail [email protected] Physiclal Address % Frank's Tax & Business Service 226 S. Cherokee ST Kings Mountain, NC 28086 Phone 704-739-4039 Fax: 704-739-3934 Cell: 704-300-5143 Please Thanks Frank
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    How do I correct a 1099MISC?

    Hi, your question was. We recently sent out a 1099MISC to a driver that no longer drives for us. He drove for us in 2004 and we sent him a 1099MISC to record the income he received for his services to us. However, we put his income in box3 (other income)of the 1099MISC. Should we have put that...
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    Milelage deduction

    Bullrush, thanks, for straighting out Dieseldoctor on this, Now he can go back to the dmv in NC and show that no for hire plate is necessary. Frank
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    mileage

    Hi frank i just wanted to let you know that all my tax problems were dropped.if you remember i was the one being audited for claiming the standard mileage rate.ps i have the memorandum that explains why we can claim the standerd mileage rate if you want a copy just leave a reply in there and i...
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    Partners in business book

    Hi All, For those of you you are interested in how to run a trucking business or starting one up. Volvo and Overdrive Magazine produced a book in 2001 telling and suggesting what you would have to do in order to start a trucking business as an owner/operator. The Manuel is still available...
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    Sprinter / Chev Cost Comparison

    I know two guys one in Philadelphia and another from around Marysville OH, that bought a Sprinters, the first year it was out, and first of all, you could not buy E rated 16" tires period. and both of their vehicle was in the shop more than it was on the road. I do not know what was wrong but...
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    2005 Per Diem info?

    Hi Mike N. Your Question was: What is the per diem rate for the 2005 tax year? THE CURRENT DIEM FOR 2005 IS $41.00 US AND $46.00 CANADA AND MEXICO Also, what qualifies for use of this? I know if I am home or running local for the day I cannot claim the diem but if for example I go on a...
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    Me too, Frank!

    Dave P. Hiya, Frank! I'm like a lot of these other guys, needing a Tax man that understands OTR folks. You being "out there" means a lot to me. WE APPREICATE THAT. I'm heading for the '05 Expo in Ky. at the end of Mar. and before then I hope to learn enough to put a Cargo van on the road. I'm...
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    my first year...

    Hi Sonny, Reply to my regular E-Mail Address [[email protected]] with you mailing address and I will send you one. Frank
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    FYI

    Hi all, There will be available again this year for all a Income tax orginizer and deduction listing for you to request by sending an e-mail to me at [[email protected]] with your home address, Frank Katz Frank's Tax & Business Service 226 S. Cherokee ST. Kings Mountain,NC 28086 704-739-4039 Fax...
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    new year

    I wish everyone a very Happy New Year Frank Katz
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    my first year...

    Sonny I forgot to post that i would need your physical address or PO Box to send you a income tax organizer if you want to add up the information yourself, and enter on the sheets provided to do your taxes. the organizer will be available starting Friday Jan14, 2005 Frank
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    my first year...

    Hi Sonny, sept 13,2004 i started driving a cargo van owned by another person with dispacth thru another company.being an independant contractor is new to me and i need some help.which im glad you are here for. as far as recipts go do i have to add them up seperatly ro can i total them all...
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    FYI GOVERNMENT WEB SITE FOR DOT RULINGS

    try this [http://www.gpoaccess.gov/about/gpoaccess.html]
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    FYI GOVERNMENT WEB SITE FOR DOT RULINGS

    Yes I have, but the puter was already set for caps and forgot to hit the button frank
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    Owner financing

    Hi tennessehawk, I just forgot to answer your question and I am VERY sorry, as far as the first truck, true,no u cannot deduct due to the fact that you do not own it , My Question is to the 1st truck DID YOU DRIVE THAT TRUCK AT ANY TIME??? if you did, you may deduct the expenses that you...
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    FYI GOVERNMENT WEB SITE FOR DOT RULINGS

    HI ALL,' THE WEBSITE FOR THE DOT, DEPARTMENT OF LABOR IN THE CODE OF FEDERAL REGULATIONS ARE AS FOLLOW, BUT HTEY ARE ALL FOUND UNDER THIS WEB-SITE [http://frwebgate1.access/gpo.gov] WHEN CONNECTED ON THE PAGE AT THE TOP LOOK AT THE TOP OF THE PAGE AND SCROLL DOWN IN RESOURSE BY TOPIC TO...
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    Estimated Quarterly Taxes

    We are purchasing a D Unit (2005 Sterling) Have not yet contacted an accountant and am interested in knowing what you charge to keep the books?? To be honest, I'd use your services for the first year while I learn the ropes and have you do the annual income tax filing's each year. What would...
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    Paying quarterly taxes ?

    HI LEO, tRUE YOU CAN USE THESE BOOKS BUT NOTHING PERTAINS TO THE TRANSPORTATION INDUSTRY AT ALL. SINCE WE ARE SUBJECT TO DOT REGS, THERE ARE ITEMS THAT CAN BE DEDUCTED AS TRUCK DRIVERS THAT THE NORMAL PERSON CAN NOT DEDUCT. fRANK
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