Search results

Hi Bob, On that Ontario Man is correct, and you owe him a cup of coffee Since you are just starting out, the mileage rate will apply Frank

buckwheat, I posted the per diem prior to Oct 15th on the forum, did you not see it. Frank

Ontario Man, Even though you spoke with this Mr. Harvey, the rule of thumb is as follows. if you Drive a Tractor, or straight truck over 26,000 lbs GVW you must use the depreciation method. and that is 3 years with a life of 4 depending on when it is put into service. If you drive a...

As of Oct 1, 2011 through September 30, 2012 the per diem rates are as follows: $59.00 per Day in the US $65.00 per day Canada There are rules that you must follow for days that you leave your main home and the day you return off the road. The rule of thumb is: you must use !/4 parts of...

I have mentioned this quite a number of time, Buckwheat in prior replys, I have a form that has to be filled out on a daily basis in order to prove both the mileage and the per diem. Just e-mail me at the address below directly and I will be glad to send you a copy Franklin Katz, ATP, PA...

It seems that everyone is confused on the basis of the standard mileage deduction. If you use the "Standard Mileage Deduction" ( you must keep accurate daily mileage per load. and also list Shipper and Reciever for the Per Diem, this is only for Cargo Vans Under 10,000 GVW you cannot deduct the...

Company driver + Fleet owner I've decided that I'm ready to make the jump into ownership. I'm going to buy a cargo van, maybe even two. However, I've also decided I am not going to quit my driving job, I am going to hire someone to drive my van. The reasons are two fold, I don't want to give...

If you are a Company Driver you must use IRS Form 2106, Employee Business Expense. YOU CANNOT DIRECTLY ENTER THE AMOUNT ON SCHEDULE A, On line 4, you enter the unreimbursed purchases that you spent on the truck, Windex, pens, paper towels, Porta Potti or any other items that were used for...

Ontariovanman, What did you finally find out. I know the one in INDY your talking about and the do not use the purblication that I quoted in an earlier post as to the life of the cargo van, and how long the standard mileage pate can be taken. IT IS THE SAME AS IF YOU DEPRECIATED IT...

To OntarioVanMan YOU CAN PRIVATE MESSAGE ME ON THIS. Whcih 2 truck experts are you talking about. the say you cannot use the mileage deduction. i AM GUESSING IT WOULD BE TWO OF THESE CBS, ATBS, PBS, I DONT REMEMBER THE 4TH BUT HES IN TEXAS, THESE ARE THE 4 BEST KNOWN THAT I KNOW OF...

TO: OntarioVanMan, and Phoenix There have been many question about using the standard mileage rate in cargo vans, If you ask any driver who has used it they have not been audited yet. there is a CCM Memo that reverses the standard mileage rate uses, it # 97-1440 if you can find it, I...

FRANK’S TAX & BUSINESS SERVICES AUGUST 1, 2011 E-NEWSLETTER Don’t Be a Victim of a Scam or ID Theft The Internal Revenue Service is encouraging taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates...

Hi all, Please to do try and download Form 2290 until November 1, 2011, this form has been revamped for more information to be entered on that form. Sorry for that, but it is comng under a new law. which we do not have a copy of Franklin Katz, ATP, PA, PB, Frank’s Tax and Business...

I HAVE NEVER READ DAVE RAMSEY'S BOOK SO I DO NOT WHAT YOU ARE TALKING ABOUT. I DO KNOW THAT THE FEDERAL STATUE OF LIMITATIONS ON ANY DEBT IS 7 YEARS FROM THE DATE THE DEBR IS ORIGINALLY REPORTED TO THE CREDIT BUREAU. iF YOU KEEP UP YEARLY WITH GETTING YOUR FREE CREDIT REPORT, YOU THEN CAN...

Hi all. This is a question regarding the IRS Installment Plan to pay any taxes owed. Question???? Justin and Kendra are in the process of entering into an installment agreement with the IRS for their outstanding tax liability. Upon discussing the installment agreement with the revenue...

We have Available to all drivers the following items for you to request and it will be attached to your return e-mail Starting a Business Chosing Your Business Enity Chosing An Accountant for the Trucking Industry When to change your Accountant or Tax Preparation Persons Frank's Information...

Hi all, WE have available to you this months tax newletter. this letter is too large to paste into this thread, but you can request one from us at. [email protected] I will be very happy to attached this letter to your return e-mail. Franklin Katz, ATP, PA, PB...

July 25, 2011 Good Afternoon All, We appriciate all who stopped by our both at the EXPEDITOR EXPO this past weekend. We offered a special price for Accounting & Bookkeeping Fees for Tax Year 2011 to save you $150.00 If you are interested in my firm, Frank's Tax & Business These services...

Hi All, We will be at Booth # 126 this year which is to the left of Panther and to the right of Progressive Insurance Franklin Katz, ATP, PA, PB, Frank’s Tax and Business Service 120 York Rd Kings Mountain, NC 28086-3151 (704) 739-4039 Fax: (704) 739-3934 e-mail...

Hi Linda, I donl;t know all the details, but as of this date, I dont think they are going to have the booth next to me, From what I understand is that Phyllis is getting tired and want to stay fully retired, they are going to be there, but about the table, I am not sure, As far as I...