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  1. fastman_1

    A few tax questions

    A LLC is not needed to claim the mileage deduction that I know for sure. The rest I leave up to a accountant to take care of, you do have an accountant don't you? Sent from Deep in the backwater swamp
  2. fastman_1

    Seeking info on forming my own authority.

    Look up John Mueller, that's his wheel house here. Sent from lost in space.
  3. fastman_1

    Tax expenses: actual or standard.

    Yep, gotta pay our part to keep the government running! Lost in Space.
  4. fastman_1

    Tax expenses: actual or standard.

    My business loss gets about 80% of Mrs Fast paid in back..... vacation money Lost in Space.
  5. fastman_1

    Tax expenses: actual or standard.

    Spread Sheet on my lap top Sent from the deep end.
  6. fastman_1

    Tax expenses: actual or standard.

    Correct, that's why a good tax guy is worth their wait in gold! The first year they should run it both ways, and go with what's best in the long run Lost in Space.
  7. fastman_1

    Tax expenses: actual or standard.

    A good tax man is worth his weight in gold! Lost in Space.
  8. fastman_1

    IRS Form 1099

    We file electronically so no 1099 gets sent in, no idea what The accountant does to show he has seen the 1099, but I have only been audited once in 32 years Lost in Space.
  9. fastman_1

    IRS Form 1099

    Yep PTL issued 1099's Lost in Space.
  10. fastman_1

    IRS Form 1099

    Just had my taxes done and he asked for my 1099's Sent from the deep end.
  11. fastman_1

    How do I prepare my receipts for taxs?

    The bottom line is you can buy a Cadillac or a Chevy,both do the same job only one is a bunch cheaper!
  12. fastman_1

    How do I prepare my receipts for taxs?

    That's for both accounting and tax return, I just do a spread sheet with my costs and what they are for and my mileage for the month, and also my settlement sheets. He also takes care of my other businesses.
  13. fastman_1

    How do I prepare my receipts for taxs?

    Cost me 170.00 a year, once a month I email him my spread sheet, with what I've spent and what I was paid. He then emails me a profit and loss statement, then in February my wife and I show up with her w2 and get the taxes done. By the way there is a difference in an accountant and a tax preparer.
  14. fastman_1

    How do I prepare my receipts for taxs?

    Just give them to your accountant. He'll figure it out..... You do have an accountant don't you?
  15. fastman_1

    LLC employye question

    Thanks for the info, but it's all good we don't operate out of ohio
  16. fastman_1

    LLC employye question

    Yep I am, wife does payroll and makes sure the taxes are paid
  17. fastman_1

    Turbo Tax.

    Yep you caught somebody's attention
  18. fastman_1

    Turbo Tax.

    I learned the hard way, audited once from then on I paid a pro,worth every penny.this I paid $140.00 and the beats the cost of a audit
  19. fastman_1

    Taxes

    It's best to find a real person to do your taxes,find one well versed in trucking.I want a signature on mine.if there is a problem they handle it and not you.
  20. fastman_1

    Where do you go for truck financing?

    Last 2 vans were put on a Credit Card that has a 8% intrest rate.
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