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Trucker Forum - Trucking & Driving Forums - Class A Drivers (https://www.classadrivers.com/forum/)
-   New Truck Drivers: Get Help Here (https://www.classadrivers.com/forum/new-truck-drivers-get-help-here-102/)
-   -   tax writeoffs (https://www.classadrivers.com/forum/new-truck-drivers-get-help-here/38428-tax-writeoffs.html)

dobry4u 08-05-2009 05:16 AM
Originally Posted by GMAN (Post 458194)
Life would be so much simpler if we went to a flat tax with no deductions. Perhaps a 5% tax would be good.:thumbsup:

:hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno: :hellno:

one size fits all... bullock

jd112488 08-05-2009 05:32 AM
lets make this easy...ANYTHING that you purchase that is used for work and not reimbursed by the company is deductible. so anything that you buy and think you can get away with claiming for work usage flies...but remember that you can be audited 7 years back. it just depends how far into the gray areas of the tax laws you are willing to go.

dobry4u 08-05-2009 05:46 AM
Originally Posted by jd112488 (Post 458235)
lets make this easy...ANYTHING that you purchase that is used for work and not reimbursed by the company is deductible. so anything that you buy and think you can get away with claiming for work usage flies...but remember that you can be audited 7 years back. it just depends how far into the gray areas of the tax laws you are willing to go.

:thumbsdown::thumbsdown::thumbsdown::thumbsdown:

You can be reviewed further back than that.

And your board statement of anything you use for work is deductible is quite naive.

jd112488 08-05-2009 05:50 AM
ok...point still stands..except for the 7 year thing. better??

dobry4u 08-05-2009 06:03 AM
Originally Posted by jd112488 (Post 458243)
ok...point still stands..except for the 7 year thing. better??
Not really... the IRS will not allow "everything you bought" for work as a deduction and rules relate if you file a schedule a or schedule c.

dobry4u 08-05-2009 06:26 AM
Other job-related expenses (other than meals, lodging and incidentals) are ordinary and necessary expenses related to your occupation.

As Rev said, use Publication 463 and also you may find Publication 529 helpful.

Jumbo 08-05-2009 10:30 AM
Originally Posted by dobry4u (Post 458251)
Other job-related expenses (other than meals, lodging and incidentals) are ordinary and necessary expenses related to your occupation.

As Rev said, use Publication 463 and also you may find Publication 529 helpful.
I knew the number nerd would be able to straighten us out when it comes to taxes. She is sharp.

Syncrosonix 08-05-2009 10:37 AM
so then $200 worth of trojan condoms aren't going to be deductible? DAMMIT!

Double R 08-05-2009 10:45 AM
Originally Posted by Syncrosonix (Post 458268)
so then $200 worth of trojan condoms aren't going to be deductible? DAMMIT!
Neither is the cost for lot lizards!:rofl:

Syncrosonix 08-05-2009 10:49 AM
Originally Posted by Double R (Post 458269)
Neither is the cost for lot lizards!:rofl:
shhhhhhhhhhhhhhh!


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