Trucking tax software- does Taxcut cut it?

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#11

03-22-2007, 10:53 AM

Rev.Vassago

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Originally Posted by Cam

I thought all I had to do was figure out $a x 279 days = big ol' much needed write off.

Yes. Take the full days you were away (partial days can't use the entire amount), and multiply time $52. Then take that total, and multiply times 75%. That is your deduction.

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Secondly, what does that daily allowance include besides food and drink? Seems like someone once told me it's a little more than that including showers, in which case I couldn't legally count those receipts.

The meal allowance is ONLY for meals. Showers can be deducted as well, if you have receipts for them. They aren't included in the meal deduction.

#12

03-22-2007, 11:23 AM

Cam

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Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

#13

03-22-2007, 11:51 AM

Rev.Vassago

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Originally Posted by Cam

Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

You can expect my bill in the mail. :wink:

#14

03-22-2007, 12:39 PM

serbie

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Quote:

Originally Posted by Rev.Vassago

Quote:

Originally Posted by Cam

Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

You can expect my bill in the mail. :wink:

another tax deduction...

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#15

03-22-2007, 12:54 PM

Cam

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Quote:

Originally Posted by Rev.Vassago

Quote:

Originally Posted by Cam

Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

You can expect my bill in the mail. :wink:

Sure, just as long as I can get in on your IPO

#16

03-28-2007, 02:53 PM

Dejanh

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My accountant charges 500 for my coorporation filing and 300 personal as i am the only employee of the coorporation so i payed 800 just last week but it was well worth it...

#17

03-28-2007, 02:59 PM

Rev.Vassago

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Originally Posted by Dejanh

My accountant charges 500 for my coorporation filing and 300 personal as i am the only employee of the coorporation so i payed 800 just last week but it was well worth it...

Why even have a corporation with only one employee? Just wonderin'.