Hi to you all,
But as you all know the tax filing deadline is only a little over 2 weeks away, For those of you who are not ready, and don't forsee being ready for the filing deadline, it is time to ask your Tax person to file an Extension for you. This will give you Until August 15th. You must pay approximately 90% of the taxes that you think you owe with this extension. You will be liable for the taxes due plus penality and interest on that tax due, even though you have filed an extension. There is no late filing penality since the extension was filed.
IF you are ready and you have all the information together we can be of service to you. Do you have a load that take you South along I-85 near Charlotte, and you want to stop in and have them done just give us a call at (704) 739-4039, and we can make an appointment for you for the same day.
Otherwise, get all your information together, 1099's,1099R's(if any retirement withdrawal) W-2's, Truck expenses,insurance, CDL renewals, Drug Screens, registration, interest on truck, fuel, IFTA fuel tax paid. oil, maintaince, tires, repairs, office expense, and truck supplies, tolls, deadhead miles not paid, and most important is your total days out logged from your log book, or if you run a "B" or "C" unit total mileage driven. take 10% for personal use, AND HOTELS/MOTELS PAIDM IF ANY.
Copies of ID or DL, Social Security Cards for yourselves and your dependents(if any), and dates of birth for all concerned.
Medical preminums paid for health insurance, Long term Care,
add up all medical payment(Co-pay) or regular medical, for Doctors, and Specialists. Dentists, Eyeware, and RX drugs paid for in 2001. and all mileage to and from each of the medical Drs. and RX above.
you get 12 cents per mile for medical.
TAXES PAID, Real Estate, and personal property tax on your vehicles except Truck which is on you business part of the return. and any other taxes paid.
CONTRIBUTIONS TO CHURCH, OTHER DONATIONS, OVER $250 IN CASH, Any non-cash contributions, you must have receipts( goodwill, Salvation Army, and etc. plus take a picture of the items you donated. this is your proof for the non-cash contributions. ALSO MILEAGE TO AND FROM THE PLACE WHERE THE DONATION WAS TAKEN, ALWAYS ASK FOR A RECEIPT, EVEN THOUGHT THEY WILL NOT PUT THE ITEMS THAT YOU DONATED ON THEM. THAT IS WHY YOU WOULD TAKE PICTURES(THIS IS YOUR PROOF)
If you Purchased items for the truck like, CB's, Coolers, inverters,TV's VCR, Computer, printer, moniter, or anything similar item over $75.00 please list separately. Computer software is deductable in the year it is purchased. any rental tapes, books, and etc is also deductiable, including a movie if you are laid over.
Linens, pillows, blankets, and any other bedding, load locks, bungie cords, windex, paper towels, rain-x, etc, these are all deductiable.
After getting all information together, Send them VIA FEDEX, UP Express Mai, Airborne, or DHL OVERNITE. ONCE COMPLETED YOUR RETURN WILL BE FILED ELECTRONICALLY.
A $200.00 DEPOSIT IS REQUIRED TO BE PAID WITH INFORMATION. MOST DRIVERS RECEIVED A REFUND OF THE DIFFERENCE OF WHAT THE ACTUAL CHARGE IS.
Frank's Tax Service
308 E. King St.
Kings Mountain, NC 28086
(704)739-4039
Fax: (704) 739-3934
If you Have any questions do not hesitate to call me a 1-704-739-4039, or E-Mail me AT:[[email protected]
thank you
Frank Katz
But as you all know the tax filing deadline is only a little over 2 weeks away, For those of you who are not ready, and don't forsee being ready for the filing deadline, it is time to ask your Tax person to file an Extension for you. This will give you Until August 15th. You must pay approximately 90% of the taxes that you think you owe with this extension. You will be liable for the taxes due plus penality and interest on that tax due, even though you have filed an extension. There is no late filing penality since the extension was filed.
IF you are ready and you have all the information together we can be of service to you. Do you have a load that take you South along I-85 near Charlotte, and you want to stop in and have them done just give us a call at (704) 739-4039, and we can make an appointment for you for the same day.
Otherwise, get all your information together, 1099's,1099R's(if any retirement withdrawal) W-2's, Truck expenses,insurance, CDL renewals, Drug Screens, registration, interest on truck, fuel, IFTA fuel tax paid. oil, maintaince, tires, repairs, office expense, and truck supplies, tolls, deadhead miles not paid, and most important is your total days out logged from your log book, or if you run a "B" or "C" unit total mileage driven. take 10% for personal use, AND HOTELS/MOTELS PAIDM IF ANY.
Copies of ID or DL, Social Security Cards for yourselves and your dependents(if any), and dates of birth for all concerned.
Medical preminums paid for health insurance, Long term Care,
add up all medical payment(Co-pay) or regular medical, for Doctors, and Specialists. Dentists, Eyeware, and RX drugs paid for in 2001. and all mileage to and from each of the medical Drs. and RX above.
you get 12 cents per mile for medical.
TAXES PAID, Real Estate, and personal property tax on your vehicles except Truck which is on you business part of the return. and any other taxes paid.
CONTRIBUTIONS TO CHURCH, OTHER DONATIONS, OVER $250 IN CASH, Any non-cash contributions, you must have receipts( goodwill, Salvation Army, and etc. plus take a picture of the items you donated. this is your proof for the non-cash contributions. ALSO MILEAGE TO AND FROM THE PLACE WHERE THE DONATION WAS TAKEN, ALWAYS ASK FOR A RECEIPT, EVEN THOUGHT THEY WILL NOT PUT THE ITEMS THAT YOU DONATED ON THEM. THAT IS WHY YOU WOULD TAKE PICTURES(THIS IS YOUR PROOF)
If you Purchased items for the truck like, CB's, Coolers, inverters,TV's VCR, Computer, printer, moniter, or anything similar item over $75.00 please list separately. Computer software is deductable in the year it is purchased. any rental tapes, books, and etc is also deductiable, including a movie if you are laid over.
Linens, pillows, blankets, and any other bedding, load locks, bungie cords, windex, paper towels, rain-x, etc, these are all deductiable.
After getting all information together, Send them VIA FEDEX, UP Express Mai, Airborne, or DHL OVERNITE. ONCE COMPLETED YOUR RETURN WILL BE FILED ELECTRONICALLY.
A $200.00 DEPOSIT IS REQUIRED TO BE PAID WITH INFORMATION. MOST DRIVERS RECEIVED A REFUND OF THE DIFFERENCE OF WHAT THE ACTUAL CHARGE IS.
Frank's Tax Service
308 E. King St.
Kings Mountain, NC 28086
(704)739-4039
Fax: (704) 739-3934
If you Have any questions do not hesitate to call me a 1-704-739-4039, or E-Mail me AT:[[email protected]
thank you
Frank Katz