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I've been a part-time expediter for three years now, and have shown a loss on my Business Sched C for the last two years. The reason is that I do a tremendous amount of deadheading, so I've always used the standard mileage deduction. My questions are: If I show a (legitimate) loss for the...

Years ago I was told by an IRS agent that your business would be considered a "hobby" if you showed a loss for 3 years running. And that would mean entirely different rules. My question is whether this would apply to my expediting business, since I show a loss for the 3rd time in a row.

I'm sure someone here knows the answers to my question - here it is: I'm out of town in my van for several days/week and need to know what the 2010 per diem rate is, and how exactly to use it when calculating the meals expenses deduction. For example, if I'm out only 1/2 or 3/4 of a day...

I've been expediting with my own Sprinter for 4 months now, and need to get going with the IRS thingy. Question: Is there a software product out there for owner-operators similar to Turbo Tax? I've kept all receipts, and record everything on Lotus (can you guess my age??). Or should I just...