Search results

ConfusedMuse Senior Member WCC rate for 2008 -------------------------------------------------------------------------------- Hey looked high and low in all our past statements. Nowhere can I find what we paid for workmans comp in the tax year of 2008. It should be on our statements...

How much for taxes for one year one truck/ teams -------------------------------------------------------------------------------- How much would be a fair amount to expect to put away for taxes for a truck driving teams? It would depend on your gross, versus Expense and your other...

hI ALL, The actual Per deim rate for 2010 is the same as it was in 2009, $52.00 per day US, ad $59.00 per day in Canada, the rate that was quoted in March 2010 was the Canadian rate at the time which also has not changed. In order to take the Per Diem you must be out on the road for a...

Does this apply to all drivers, or just those who are not required to keep a log under FMCSA? __________________ No, it is not necessary for Tractor Trailer, and straight Trucks to use the form., it only applies to Cargo Van Drivers, If others would like, I am not stopping them from...

The Standard Mileage Rate Deduction has now become a "RED FLAG" if you do not have proof of you mileage on a daily basis. I have designed a printed sheet showing the Shipper/Receiver- Pick up date/Delivery Date which proves yor PER DEIM, and a Mileage log log for each day. This is...

This is a message to all OWNERS AND FLEET OWNERS WITH 1 OR MORE TRUCKS, you are not going to enjoy what the IRS is planning on doing with your Contractors. READ ON THE MISSCLASSIFICATION OF EMPLOYEES AS INDEPENDENT CONTRACTORS A Congressional research report titled “Tax Gap...

Hi All. What is happening is they are really forcing the paperless , and electronic issue. it saves them and you in the long run $$$$$$$$$. The true only way of being able to deep up with is to have someone due your bookkeeping with an Electronic Document Manager. 1. you accumulate all...

[B] I DO NOT UNDERSTAND WHY THERE IS SO MUCH DISCUSSION ON LAUNDRY AND SHOWERS. IT IS A TOTALLY LEGAL SEPARATE DEDUCTION WITHOUT ANY QUESTION AS LONG AS YOU FOLLOW GUIDELINES IT HAS NOTHING TO DO WITH THE PER DIEM PERIOD. REMEMBER THE SHOWERS THAT YOU PAID FOR CASH ARE THE ONLY ONES...

Deisel Boss software does not give you everything that you need, it only tracks the expenses, no assets, depreciation or any other type of expense. Your best bet for Accounting software is Quickbooks Pro, it has a separate industry related built in under transporation when you first set...

As long as it has any logo on it, its deductible frank

Linda, Yes if they are uniforms, but only the shirt, jacket and hats are deductible, you ordered them from FED EX, but the pants or sneakers, or non steel toed boots are not you cannot gto to wal mart and purchase a pair of Dickies {Pant and exspect to deduct it. the irs will not...

I am posting these 2 questions to get an overall picture of what the IRS has been doing to us as independent contractors, I am trying to get the Taxpayer Advocate Service to honor and correct the letters for disallowance of the following. Please, just give me a "YES OR NO, I Do not need...

Hi all, Your Federal Highway Use Tax Form 2290 is due into the IRS by August 31, We an electronically file that for you and you dfo not have to doing anything else, and considered it filed, but it is your responsibility to pay the $550.00 tax on it. that payment can be made...

Then this is your finally year for the mileage rate, make sure you get receipt for everything in 2011 Frank

you have one problem the lundry room is deductible, but the new clothes aren't frank

60/40 Tax Question -------------------------------------------------------------------------------- Thinking about purchasing a few cargo vans and putting drivers in them . Will be doing a 60/40 pay split . Question is : since driver will be paying for fuel , would I take the depreciation...

Ontarioman Morning, This is day 1 of the Expo this year and we hope that it will be a good one, Frank..I do believe this 2010 tax year will be my 5th year now, same van... I did not itemize mileage last year...so this is something NOT submitted but should have, should they want to see...

Ontariovanman, Things are changing, The Irs is Cracking down on the Standard Mileage Rate. Now you just cant give the beginnig and ending mileage for the full year. it must be broken down daily each day. to-from pick-up-deliver to beginning- ending- to truck stop?? legally you have...

Layshooter, If the Excel worksheet is working for you fine, use it and make sure your accountant who everyou use get a copy to enter into the tax software for the 2010 tax filing software. If you plan on doing your own, I would not to many mistakes are not caught and you lose...

your asking for a Good accountant, in the Detroit Area, I don;lt know of any that specialize in Trucking, they might say they do, but I would not want to correct any returns that you have had them do if they did not give you the correct per diem, etc. Franklin Katz, ATP ,PA, PB...