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-   -   Tax Write Off!! (https://www.classadrivers.com/forum/owner-operators-forums/35891-tax-write-off.html)

rgordon212 10-30-2008 04:52 PM

I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.

This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes :)

Rev.Vassago 10-31-2008 12:26 AM


Originally Posted by rgordon212 (Post 420855)
I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.

This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes :)

My sympthies that you are using ATBS. They are one of the worst tax firms out there. Not only did they miss deduction after deduction when I was using them, but they were notorious for completely forgetting that they were even supposed to be doing my taxes. They repeatedly lost many of the receipts that I sent them, as well as neglecting to include expenses when actually filing.

The last year I was with them, they made 6 months worth of fuel receipts disappear, then claimed I owed about $10,000 in quarterly taxes.

BigDiesel 10-31-2008 03:47 AM


Originally Posted by rgordon212 (Post 420855)
I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.

This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes :)

The " messiah " of trucking Kevin Rutherford got another one.....:clap:

Did you buy a turbo3000 also or was it included in the so called " accounting services " ?????

Chiefwhatdahey 10-31-2008 04:16 AM

I keep receipts for eveything and use Quicken, it costs forty bucks a year or so.

dobry4u 10-31-2008 04:54 AM


Originally Posted by Chiefwhatdahey (Post 420910)
I keep receipts for eveything and use Quicken, it costs forty bucks a year or so.


:bigclap::bigthumbsup:

Rev.Vassago 10-31-2008 05:23 AM

With the improvements in tax software over the years, doing your own taxes as a small business isn't difficult at all. In fact, doing my taxes myself, and comparing them to the taxes that ATBS did for me, I was finding missed deduction after missed deduction on theirs.

They skipped every toll receipt I turned in. WTF.

allan5oh 10-31-2008 05:50 AM

Rev I'd love for you to call into the messiahs show some time, and explain all the grief with ATBS.

BigDiesel 10-31-2008 07:30 AM


Originally Posted by allan5oh (Post 420920)
Rev I'd love for you to call into the messiahs show some time, and explain all the grief with ATBS.

Set it up !!!

The sheeple will lose their minds !!!:lol:

Rev.Vassago 10-31-2008 08:22 AM

To be honest, back before Rutherford sold off The Alliance to ATBS, his accounting firm did a lot better job. But once ATBS took over, things quickly went downhill. But even before the switch, there was a lot left to be desired.

Fredog 10-31-2008 10:37 AM

new tax system
 
There is a new tax system in place that is very simple and you can do it yourself. the form only has 3 lines

Line 1, How much did you make?
Line 2, How much do you have left?
Line 3, Send it in.


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