Tax Services for Truckers Company Name Price Accountants or Tax Prep? When Did You Graduate CDL School? February 23, at 4: February 25, at Hi Frank… if you are paid per diem the amount that you were paid should be in box 14 of your W2. This amount is nontaxable and does not need to be put on your tax return. April 3, at 9: You might have a few dollars there. That is why many drivers get away with what Tamara mentioned. Come audit time they will not be happy… Hope this helps, Jack.

July 18, at 1: Do you happen to know exactly what irs tax law states that taking that difference is okay? July 9, at 2: Hi you can claim the diffrence. February 17, at On the one hand this will increase your reported income needed for loansbut taking standard deduction will typically lower tax liability on an accountable per diem plan.

March 6, at 9: May 19, at 7: Why give a dollar amount but then only a percentage of that. On their part of course not you. You can still take the rate per day just as you would otherwise but you have to deduct the amount that you were paid by your company. February 3, at 6: Turbo tax has a step by step process. It will show you where to put that per diem. February 28, at March 13, at 5: July 13, at April 19, at 2: Our tax person is Rose. We are in Southern California.

I do know she can answer any questions regarding Do tell her I gave you her number if you do call! She is an awesome lady, great attitude and very pleasant! Good luck to you!! David in Fargo says. March 2, at 2: Is there a website or a publication that lists the deduction categories by expense. For example, which of the IRS Deduction categories would Scale Tickets be place. My thought would be that they are a professional service, but have been told that they go under Other Expenses.

Paper towels could go under Supplies, Office Expense, Maintenance, Repairs or Other Expense…. Mike in Texas says. March 8, at I have been told that meals are tax deductible as well. Is this true or am I being given some bad information? Meals are deductable, but it is so much easier to use the per diem rate, that way you only have to keep track of the number of days you are out of town, not all of your meal receipts.

And remember, they are only deductable if you do not get reimbursed for it! Ron Lucier Sr says. April 10, at 4: September 14, at 4: Your meals are reimbursed up to a certain percentage, and only if you have your receipt. You can still claim other receipts, such as scales, washes, and truck supplies on top of the per diem as long as you have your receipts.

Timothy A Lindquist says. March 15, at 1: Also I train students that are paid as an employee through my company. But the actual wages are taken from my pay. How can I recoop that employee cost. March 21, at 3: March 30, at 5: July 1, at 8: Per diem expenses are for when you are away overnight, and staying somewhere else.

A single shift does not count. If you worked from All other days count for full days. If you are staying overnight somewhere, even days you leave at April 8, at I see in the special notes above that uppaid mileage is not deductible for owner-operators. In this situation, the truck is owned by the company and the drivers run short trips daily. Example, trip pays miles, however, actual miles driven for each trip is Over a year, the extra 10 miles can really add up.

This may be a long shot or false information amond the drivers. April 10, at 6: April 12, at 6: This is for meals. The form is pretty easy to read. April 12, at 4: September 14, at 5: September 11, at 9: January 19, at April 29, at May 24, at I was wondering if anyone would be able to tell me with fed, state and social security what is the percentage i should with hold from my check every week as a single person who claims one at the end of the year on my ?

June 21, at 6: I am a company driver. I drive dead head miles to pick up a load for which I am not paid. I then drive miles loaded for which I am paid. Can I denduct the time it takes me to get to the paying portion of the job? August 16, at Do the deductions above apply if you work for a Company?

My BF uses his own money to wash his truck owned by the company once a week. If he was to get a receipt would he be able to take the deduction? Thank you in advance for any information you can provide. If he is a company driver, the company usually will reimburse the wash fee normally once every 2 weeks.

And any office supplies purchased for use on the truck are deductible. August 29, at I have to renew my CDL this year, including my hazmat. October 5, at 9: October 18, at However, tolls and fuel that are paid on your way to work in your personal vehicle are non-deductible, which is why they are listed in that section. April 3, at 8: October 28, at 6: My boyfriend is a new truck driver and Im trying tohelp him keep everythign in order for tax time.

I understand that you get a Is there any helpful hints that anyone can give me? All I have is a pile of receipts he gives me each month when he comes home. October 31, at 4: My company takes taxes out of my hourly rate, but on my check the milage that I am paid is not taxed. Am I responsible for all these taxes? November 5, at 1: December 23, at 5: Whom or what do you use to file your taxes at the end of the year.

Any information will be greatly appreciated. December 28, at 6: My runs are from 3: Can I use the per diem deduction? January 3, at January 27, at 3: Karyn I live in WI and I was able to deduct TV, DVD player. January 28, at 7: February 8, at 7: Unpaid miles, entertainment — not deductible. Per diem pay forced by employer — NOT a good deal for drivers, Research it. Calculate how many days out. Licensing, endorsements, physicals, etc that are not paid for by employer are deductible.

Get a good CPA that does lots of trucker taxes. Ours is Darrel Ingram in Dallas, look him up. Years of experience with truckers. February 8, at March 27, at 9: My brother is an independent trucker. What is a safe percentage of his cell phone bill can he claim as a tax deduction? March 29, at This year HRBlock claimed a per diem for days using form and a schedual A form. He wanted to buy a house but was told his deductions were too high. Can this be corrected? April 23, at 6: January 23, at 9: The deductions on IRS Form and Schedule A only serve to reduce the taxable income, his Adjusted Gross Income AGI remains the same.

I agree with Amber that you need to find a competent mortgage broker. Another fact I like to stress is that a tax return is not an accurate reflection of your income, it is merely a document used to determine your tax liability — or in other words, how much money to send Uncle Sam.

It sounds like he is a company driver, his AGI should suffice. I hope this information did not come too late! July 21, at August 15, at 8: September 1, at 9: This is all confusing. I do not understand this perdiem thing. Why would this make it look like you made less during the year?

I thought deductions were just that, deductions. My husband and I will be very diligent in keep receipts, etc and I want to make sure we take advantage of everything we can. I have used turbo tax in the past for business ventures and it was great.

Easy to use and covered everything. Btw, thanks so much for this thread. December 4, at 1: You will have to claim the perdiem they gave you and then deduct the total perdiem allowance you are entitled to. December 11, at 2: My husband has just become employeed by a small private trucking company. We found out they do not deduct taxes from his checks. Anyone in this situation? Can you help me, please? December 23, at Am leasing to company this is my first time filling do i get any deduction every day that am on the road.

January 31, at 8: February 5, at February 6, at 8: My question is concerning the per diem for tax purpose. February 8, at 9: Can he claim anything from his log books? February 9, at 8: Also the days of leaving and returning are handled in a special way. If he is getting reimbursement from his employer he has to back it out from the allowance. The government actually publishes different rates for different locations within the United States.

Higher rates apply in certain areas. Most people do best to stick with the standard rate because is is difficult and time consuming to determine and prove the driver was in higher locations.

February 3, at 4: February 12, at 1: I hope that you have already found your answers! But it is snowing and our office is relatively quiet so I am browsing. In the first case it will go on IRS Form which will populate your schedule A. If you have an LLC most do these days you need to understand what entity you have established to determine your filing requirements.

I would suggest asking an accountant or EA if you have. There might be other options open to you depending how you have things set up. If not, such as an escort car, etc. February 20, at 9: January 23, at In order to take standard mileage the vehicle has to be personal use vehicle, such as a car or light truck that you would normally drive with the family. Class A and Class B vehicles do not qualify for this. Last year we had a driver come to our firm because his last preparer uses the color green in their logo claimed the standard mileage deduction and he wound up with an IRS audit.

I cannot say that this is a red flag for the IRS but it is not correct. It is not the firm that the preparer works for that determines their competency but the person. I would recommend finding someone with trucking experience and sticking with them. If they earn your business they deserve your business. March 22, at I ride with my husband full time our truck is leased out to a company, for next year taxes what are the requirements for myself to get any allowances, I help with everything including all the expenses etc.

Would I also have to be employed by the lease company? Can I just have a permit or has to be a CDL the tax man said I needed a CDL and I am wondering if it can be a permit and or employed? April 11, at 3: Lauretta If you do not hold a CDL, AND are not actually employed by the company, you can not claim the per diem — sorry. Riding along does not count, regardless of whether you do all the paperwork or not.

April 12, at 2: NO, you need to amend your statement again. The per diem rate change took effect during the tax year. The correct rate for truck drivers for the tax year is August 18, at 6: Is there a tax deduction for trucking school?

My husband and I paid our own way with our own money. November 1, at 2: Here is the way they do it: So what is the right way to do it.

December 4, at 5: My husband just got a job with a small trucking co. The owner does not take anything out for taxes, so we have to do this ourselves. So my question is, is there a program tha I can use to calculate all deductions and how to and how much to pay on quarterly taxes?

If your husband is being paid and no taxes taken out he will probably receive a There are plenty of software programs out there to complete your taxes, but you might find it easier and less painful to find a competent preparer I would put my info here but I am not certain I can: There are a few questions you should answer first, though. Is your husband an owner operator? If so, has he set up some type of an company entity such as a partnership, LLC, Sub S, etc.?

If NOT, you are PROBABLY going to file your return on Schedule C of your individual tax return. If SO, you might still be filing Schedule C. Next, you should determine the number of nights he spent out of town. I assume he drags his hotel around with him sleeper. You can usually substantiate the number of nights away from the tax home from the driving log. Next, he will want to take all the business deductions that are appropriate. It comes down to expenses that are ordinary and necessary for his line of work.

He cannot take personal expenses. If he buys a book or magazine to read on his off time he cannot. I would encourage you to find a competent preparer who is familiar with the trucking industry. While CPAs often are tax experts their field of study is rather broad and they may not be well suited for individual taxes or truckers per se.

Much like seeing a general practitioner when you should see an ophthalmologist. Regardless, you should be able to find someone who can steer you in the correct direction if you have questions.

March 28, at 2: I noticed your plug plug lol and wondered if you may be able to help? I am trying to figure out how on earth I would determine our yearly income minus expenses cause i have no clue in order to report a somewhat accurate figure.

December 30, at December 29, at 6: Hi, my husband is a OTR truck driver how can we deduct the per diem. This is so confusing for us. And also does anyone know what things can we deduct as job related expenses?

Can we write off laundry, cell phone use por business? If yes how do we do it? Please see these publications for per diem: You can also see IRS publication for business expenses.

January 10, at 9: January 25, at 3: If you need to file an amended return. You need only have a record of your nights on the road, such as, uh, maybe your logs?

Many companies dump them after 6 months, make a copy first.

February 5, at 7: I went to school last year it was a Truck Driving Program and was an accelerated course taking me a month to get my Class A. I paid 2, for the training. Is this tax deductible? February 11, at 2: My company sent me my logs, i have no idea how to convert them onto myas a deduction can anyone help me.??? Kenneth, Did you get your question answered?

I hope I am not too late. Sort of a busy time for a tax guy. Are you a company driver or an OO or leased? They are about the same but they go in different places for each one. Technically you are supposed to knock a portion of the day off at the beginning and the end of each trip for that portion of the day in which you arrived or left, but most people just knock a day off the trip and call it even.

You might leave a little money on the table, like a real little money. Finally, as a company driver it goes on IRS formreimbursed business expense. As a driver — OO — you take it off your schedule C. If you have a partnership, LLC with more than one shareholder and the shareholders are not married, or sub S not many of those out there find a tax guy.

February 21, at 7: Uncle Sam does not let you take standard per diem for lodging if you have a sleeper since you haul your lodging around with you. From time to time you just have to sleep in a bed and get a shower, so they do not get on you too much when you take the occasional motel room.

The rule is if you are duplicating expenses that you normally bear at your tax home. For instance, since you have a house or apartment to sleep in at home, when you are away you take the lodging rate. However, since you drag your hotel around about 3 feet behind your fanny and that cost is part of your rig you have already duplicated that cost.

That rate would certainly apply if your rig is in for maintenance or something similar such as hazmat training or orientation. Hope this helps, Jack. February 22, at 8: Do oilfield cdl holders have any special deductions deductions that can be taken? Sometimes were outta town Sometimes home every night.

What deductions can take. March 11, at The company that my husband is lease purchasing his semi truck from is claiming the fuel HE paid for all year on THEIR tax return he uses their fuel card but they are reimbursed at the end of every week by taking the amount of fuel used out of his paycheck.

The semi truck is in the companies name but he pays a weekly truck payment to them. They subtracted fuel costs and who knows what else from his actual gross before sending us the Is this legal for them to do this????? Let me get this straight. He pays for fuel with a company card and that money comes out of the cost before they settle up with him, correct? As an owner operator there are many different agreements that companies abide by, so it sounds legit however, it is unconventional.

What is more likely at question is the company truly conforming with the IRS 20 factor test. Check out this article: It would take some research into legal precedent, but I think they would be better served not to do what they are doing.

Here is the thought. Your husband is an owner operator lease purchaser. He is an independent contractor and has the right to be profitable. Many charter airlines do the same thing though. They operate on ACMI agreements; Aircraft, Parts for marlin xt-22, Maintenance, Insurance, paying for these costs and guaranteeing the airline a certain profit percentage.

Curious, what is his mileage rate?

Record year for owner-operator income: Here are the numbers | Overdrive - Owner Operators Trucking Magazine

March 28, at 4: My husband works for a trucking co. I am trying to calculate the meals allowance since that is the only expense we have to claim, he does not have any other expense.

That is if he is subject to the DOT rules for rest, etc. Do you know where it goes? If you have any questions drop me an email or call make gold with inscription 5.4 at April 4, at 1: My friend drove a truck for a company who paid ways for rn to make extra money. He was given a Misc.

He did not own the truck, but he made interstate hauls for the owner who owned several trucks. Can he deduct some of the mileage? If so, how much or how do you determine the mileage rate?

April 5, at 7: Unfortunately, if How much money do owner operator truck drivers make understand what you are saying, he cannot deduct the mileage since he did not incur any cost for the operation of the truck.

Now, did he pay for any oil, supplies, work equipment, etc. If so, those costs are deductible as a business expense on Schedule C. Also, did he have any overnights? The IRS defines that as away from home with the requirement for rest, usually 6 hours or more. Did he pay for lodging? Those costs would be deductible as well, however, if he is driving instaforex bonus 250 commercial vehicle with a sleeper he cannot deduct those costs since he did not duplicate his lodging costs while on the road he did not pay to sleep when he has a perfectly good bed at home.

If you have any more questions place them on here or feel free to contact us at info TDAccountingPartners. April 8, at 7: April 8, at 8: April 11, at 6: After all is said and done I managed to get my actual income to less than 10k. When I get to the taxes portion of sheet, do I go by Self Employement Tax since I am indeed an independent contractor?

April 13, at 7: My husband is a OTR Truck Driver and works as an independent contractor. He does not own the tractor trailer he drives. Can he claim the mileage he drove with that tractor trailer? Also can you verify what the mileage rate will be as he does not own the tractor trailer?

April 15, at 7: If a driver signs with a company for. Any thing would help at this point…. May 13, at 4: Business expenses become deductable when they are both necessary and reasonable. You will also hear customary as well.

Since you were required to go through the study and use the cpap machine to keep your cdl, and it has the requirement of your physician, there is no question that this is deductable. The bigger question is where?

Since you drive for walmart I am going to assume you are a company driver. That means it goes on options trading competition a of your So, you can only deduct that amount over that figure, if you are able to itemize.

If you are long haul, it goes with your perdiem and that is usually enough to make a difference. If you have a sub s or c corp — call us! July 13, at 4: September 8, at 9: Katherine, Pardon me for not getting on sooner!

There are several reasons that your withholding most volatile stocks in indian stock market be high causing your take home to be low.

Before we go there, you should make certain there are no payments being made to the IRS or for child support, etc. Those would come out IN ADDITION to your taxes and would really kill your paycheck. Now that we have that out of the way, when your husband was hired I assume he is a company driver on a W-2 with a paycheck or direct deposit he should have filed out a W-4 withholdings statement that his employer uses to determine how much to take out in taxes.

Make certain it is completed correctly. Also make certain he did not ask to have any extra withholding taken out in addition to the normal for the number of allowances he is claiming.

The best thing to do is to take a look at your tax return for last year and extrapolate how much withholding tax eve make isk quick will have at the end of this year. Compare the two, making any adjustments for a change in your tax liability, and see if he is having too much tax withheld. The amount withheld for states if you live in a state with a taxable income should remain relatively the same. If you have paid someone to complete your tax returns in the past they should easily be able to tell you if you are on track.

If not, any good accountant who does taxes or CPA should be able to run the numbers for you. If you would like, feel free to contact our office and we would be happy to look at it for you.

We usually do that type of thing for free. August 20, at I deliver loads with a hot shot truck dodge ram with a flat bed attached and Forex world market trading hours was wondering if I can claim mileage? September 8, at Hello Loleta, In order for the IRS to allow you to take mileage on a vehicle used in business it has to be classified as a personal use vehicle.

Also, if you have used actual expenses and depreciation for the truck you must keep the same method of deduction. Not to get too technical on you, but IRS Revenue Procedure states: You can claim the standard mileage. Keep in mind you must record the odometer reading at the start of every trip, then again at the end, the date of the trip, where you went, and the purpose of the trip.

You might also consider running out the numbers on actual costs. Most people in smaller vehicles do better with mileage. I only recommend that a client use actual cost on personal use vehicles if it is relatively new so the depreciation cost would be higherit sucks down gas like yours just mightand you do not plan on driving it for too many years. Your accountant or a good tax preparer should be able to run the numbers out for you and help you determine which is better for you.

I hop this helps. September 28, at 6: My husband works for a trucking company he is not owner operator. This year we are itemizing. We use Aol as our internet access he uses it too in his truck on his laptop, it it deductible? Are any of these a tax write off under entertainment.

November 13, at 1: Let me answer the easy question first. Internet — items become legitimate business deductions if they are ordinary and reasonable for your line of work. Does your husband use the internet for his work? If he forex guide trading tutorials for beginners pdf it to find loads or communicate with the company then he can deduct it.

If not, then it is a personal expense and is not deductible. Entertainment — in order for entertainment to be written off, per se, the entertainment must be related to the active conduct of forex profit launcher review business. If your husband is on rest and catches a movie, that is not deductible. However, if how to get more money in london mafia wars becomes a fleet operator and chooses to entertain a prospective driver and discuss the driver going to work for stockland nowra easter trading hours, then the cost might be able to be written off.

I hope this helps. The last two answers are probably not the ones you wanted to hear! In essence, what can be written how do you make money on runescape for non members are unreimbursed business expenses in addition to per diem. Such business expenses must be incurred in the normal conduct of your business.

I hope this helps! October 3, at I spend around forty dollars per day on food. Is it worth it to take them to a trucker tax accountant? How much of that money could I get back? November 13, at 2: And the answer is typically yes, it is worth it. However, if you are in the transportation industry you can use a higher rate that is not that easy to find. These rules ONLY apply to the long haul driver — in other words, you have to be away for the entire day with a requirement to rest.

Most people cannot itemize unless they own a house and are taking the home mortgage interest deduction. In a nutshell, whether you feel comfortable working it out or you see someone it is certainly worthwhile if you spend nights on the road. You might as well try and save some tax money on that. October 22, at 5: If you do take the company per diem, you might still benefit from taking the per diem. To do so you would need to determine the amount that you are entitled to deduct then subtract quick forex profits amount of per diem given to you by the company.

This can be a double edged sword, because if they gave you more per diem than what you are entitled to take you are supposed to report the excess as income. Our business is specifically for trucking accounting and tax and I honestly do not remember the last time a driver reported the excess per diem as income on his return!

December 29, at 8: I had a Frieghtliner for 8 years. Of course I had deducted payment interest and depreciation on it. When I sold it in to my ex husband we had an agreement on the purchase price. He defaulted on the agreement and sold my truck. It was a 40, Is any of that loss deductible. I know had gotten the money out of it I would have had to pay capital uae exchange foreign exchange rates, so seems to be I should be able to write of some of the loss.

January 2, at 6: So that I understand your question correctly you had completely depreciated the truck, is that correct? If that is the case, if you sell the truck you have to show any money that you make on it as profit. Was the agreement in writing? If so, you might want to talk to an attorney… I hope this helps.

Best of luck to you. January 19, at 1: September 18, at Jose — You can deduct food as an actual meal expense if you meet the perdiem rules. That is, you are away on business that requires rest, such as a business person who is on a multi day business trip and cannot function without sleep.

However, why would you want to do that? There is a better way probably. You may deduct a per diem rate on a daily basis. But wait, it gets even better! Most drivers find themselves spending less than that on a daily rate, so you can actually come out a little ahead by being a bit frugal cheap. January 29, at 7: Hello, I am a Class A CDL trucker whos runs go out of state every day. I am however home every night. My question is can I claim the per diem and if so at what percent?

Truck Buddy, I am afraid how much money do owner operator truck drivers make you have described your situation that you are not eligible to deduct your meal expenses. Meals include amounts spent for food, beverages, taxes, and related tips. Per Diem is a fancy way of saying you want to deduct meals. The IRS usually wants to see a period of rest of at least 6 hours completely free from duty.

In your case, your rest is dictated by DOT rules if you are subject to the DOT and you are getting your rest at home. I hope this helps, Jack. January 31, at 9: What is the max amount that can be claimed on truck driver meals? My husband is on the road almost every single day, even weekends. He is home at most 1 day a week, sometimes less. I NEED TO KNOW WHAT WE CAN AND CANT CLAIM.

I draw a check from the government because I am unable to work due to a horrible pancreatic disease. I worked 20 years in The medicall field.

Do I have to claim my disability? This is totally unfair Just because I chose to be married to a working man instead of a deadbeat living off trade binary options automatically government.

I just cannot work because I have to have a transplant. I spend more time in the hospital than out. But that aside, there is not stated limit as to the amount your husband can claim, but you might say there are implied limits.

There are some other considerations, but this is a quick overview. However, if he chooses he can save his receipts and claim actual expenses. It essentially means that any expense must be customary for his line of work — eating certainly is customary — and it has to be reasonable. Spending too much might not be reasonable. The IRS would probably think that amount would not be reasonable for his line of work.

February 9, at 9: My husband works as a truck driver on the oil fields in North Dakota for 60 days, then is home, here in Oregon, for 20 days. I am trying to find someone that is specifically experienced in doing these kinds of taxes. Thank you so much for your time. Yesenia, Very good question! There are actually 3 costs, Meals, Incidentals, and Lodging. Any person away on business can deduct these costs if they incur them, not just truck drivers.

Airline Pilots, Traveling Salesmen, Construction Workers, Tug Boat Pilots, etc… The rules vary somewhat for the type of industry such as transportation and whether they are subject to other limitations such as the DOT rules of service.

I am going to take a stab at this and assume your husband is working as a construction worker and not involved in driving a truck. I am also going to assume that he is away for a long period of time such that he requires sleep to function and that he probably pitches in with a bunch of guys and gets a hotel room.

These rates may be higher if he is working in certain locations. If the company pays for the hotel then he cannot deduct that expense. February 21, at 2: Im a day driver, I only work 11 hr days. And I only work in NY …. Am I able to deduct any food with receipts? Please see my examples above, it depends on whether you are away long enough that you require rest. Most day drivers are home every night.

If that is the case, I am afraid not. March 5, at 4: Long-haul truck driver out overnight for days. Can the lodging per diem be used to recover expenses. Or does that have to have motel receipts for overnight stays. If you do indeed incur a lodging expense you can deduct it! So, since you are paying for that already usually either leasing or depreciating your truck you cannot duplicate this expense. I get that, the IRS gets that. For those expenses you can indeed deduct them; it would be considered customary and reasonable.

However, if you elect to use the standard lodging rate the IRS might want proof that you really uncured an expense. At the first level audit with the IRS they are paper driven, they want receipts or a document that indicates you really did buy the room and you are not just writing off a bunch of nights where you really slept in the sleeper. March 14, at 9: March 26, at 2: I went to school to learn how to drive a truck, now I have a job as a truckdriver and they are deducting some of my wages of pay off the trucking school.

Walter, This is a hard one to understand, but likely you cannot deduct this expense. If you could kids everywhere would be writing off college! From the IRS publication: You can deduct the costs of qualifying work-related education as business expenses. This is education that meets at least one of the following two tests. The education is required by your employer or the law to keep your present salary, status, or job. The required education must serve a bona fide business purpose of your employer.

Now, if your present employer told you that you needed to learn to drive a truck to keep your job, it would be deductible. However, if you choose a new career and decide to get training or education for it you cannot. April 11, at 5: How do we keep up with laundry expense? Do we write ourself a receipt when we pay for loin laundry? In the grand scheme of things this is not a big hitter — that is you probably do not spend thousands of dollars per year on laundry, but it does add up. The IRS generally want receipts.

Incidentals is used for tips, etc. Laundry is not an incidental expense and should be taken as a separate expense. The IRS usually does allow some exceptions to the documentary evidence rule receipts. An exception to the receipt rule also applies if you have a transportation expense, such as a toll or cab fare, for which a receipt was not readily available.

Coin laundry is customary and reasonable for a driver. I would keep a written record of these expenses such as in a small notebook. As long as your expenses are documented and reasonable they would not be questioned.

May 27, at 9: The employer deducts from our check 10 cpm that goes into a maintenance fund, never to be seen again. Is that 10 cpm tax deductible? June 30, at 5: Do I need to even tell AZ anything?

Which states do I file in plZ. August 1, at 3: If so, how much. September 13, at 1: I drive what amounts to miles or more a week.

Can i claim all of the maintenance and miles i have done on my truck,i drive a Dodge with a goose neck flatbed and i own the truck and is under the DOT rules and i do not receive any help from the contractor i drive for,i am paid mileage rate and i have lots of maintenance my truck. What can i detuct? So I want to make sure I have this clear in my mind before I start on the taxes.

My husband is a company driver and has two overnights a week and one out and back — approx miles a week. Also, all he would need to save for records would be his lodge book to show the overnights, correct?

No receipts, since I pack his meals Also, can you speak to the advantages and disadvantages of the company giving him the per diem vs. October 7, at 9: If so, what is the maximum allowed?

October 10, at October 13, at 4: My husband and I were OTR team drivers. We are being audited for schedule A. The IRS said they are interested in mainly in our per diem deductions.

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I provided them with the info from our employer stating we didnot receive per diem on our settlement checks. But now she wants our mileage logs while we were company drivers. Our logs were electronic. I told her, and she simply said to get them. This really confuses and frustrates me, because I thought per diem was per day away from home.

What does mileage have to do with that? If the information was not requested on the tax form why is it being requested now? What are my options. October 14, at 8: Here are the websites of a few accountants who have offered informal advice on this article: October 14, at 5: Thanks, I have been in contact with ATBS and they seem just as puzzled as I am.

They said this is the second time this year they have heard of the IRS requesting to see logs to prove per diem deductions. Be Safe out there. December 9, at 8: I am a owner operator can i claim the loan that i borrowed to buy my truck and can i claim all mechanical repairs that i have to pay including tires?

January 4, at 8: I live in mobile, al. January 20, at 2: He found that different cities can have different amounts for a standard per diem deduction. He was thinking of keeping track of the locations that he travels to so that he can have a higher per diem deduction.

Is his idea possible and legal? If it is legit, would he have to keep receipts? January 26, at 2: When filing Per Diem as an owner Operator, may I also deduct fuel repairs etc. I am not sure and I really do not think my Accountant is either.

She handles mostly corporate taxes. February 4, at 1: This is lower than the rates. Can we claim the difference? And if so what form do we use? February 7, at 1: As a CDL holder and Hazmat otr driver, I am required to have at least liability insurance associated with my drivers license. I use my car to get to orientations, training, testing etc.

Can I deduct my car insurance or any part thereof? The truck breakdown almost every trip…. I paid the other half…. I think I have to pay back a lot. Please help Best of regards. February 9, at I need help doing my taxes, first time being an oo. I out my numbers in 77, February 12, at 3: Somebody said that you can actually get copies of your logs and file being on the road everyday and get so many dollars a day is that correct?

February 19, at 9: My husband is often out 2 weeks. February 21, at 1: My question is I work for the family trucking company and have always been a w2 employee. This year I bought a new heavy haul truck with my family.

So my monthly profit check would be 3k on top of my w2 wages. With a I just am unsure of the write offs I would be able to write off. My wife and I own a home and have 30k in write offs at the moment. So all said and done the profits could be k a year plus my w2 income. Any suggestions or info would be great. February 22, at My husband uses and pays monthly installments, insurance, IFTA an registration of a semi truck.

My husband is the only operator of this truck and takes care of all expenses because is his only source of income. From the gross issued he pays to this corporation for truck paymentsinsuranceetc and after he pays, the corporation issues the payments to finance company and insurance company from their own account. My husband wants to make sure he can deduct truck payments, insurance, depreciation, etc and all business related expenses on our income taxes. So the route broker pays the corporation and this corporation pays my husband.

Can he deduct the truck depreciation, monthly installments and insurance and all the other acceptable business expenses in our income tax.

Husband does not have a corporation. February 26, at We were left with somewhere around 40, and the fuel will be deducted on the Schedule C. Do I just subtract these amounts on Schedule C or go to the company and ask for a correct ? February 27, at 6: Dear Jack, My husband is a otr driver last year when we filed our taxes.

I live in New Mexico, but am an OTR driver for a company based out of Denver, Colorado do I have to file state tax in Colorado also? March 12, at 6: I received a for my trucking for 4 months. Can I deduct the per diem on my Schedule C? April 15, at July 4, at Hi i live in my truck only so how much can i deduct per day without presenting receipts i do have receipts but its har to calculate them all for a year can you advice plzz.

July 16, at July 25, at And I used to drive to different locations everyday, Stayed overnight since I slept in the truck for the 6 straight days I was working, I worked in NM, and lived in Texas …can I use per diem for the 6 days …? Granny lane truckin says.

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September 20, at 6: Just looking for the tax implications for this. Guess the bottom line is can I save more money by doing this. September 20, at 7: I am a OTR driver over the road working for different companies for 5 years. I fill a a with a W-2 every year. If the accountant is wrongcan I do an ammendment to previous years? January 9, at 6: My husband was a sole proprietor owner operator since He Drove, did maintenance and I did all paperwork and taxes yearly.

His last truck purchased Peterbilt — which we fully depreciated. He had health issues in and in February sold the truck. What tax forms do I need to fill out? It seems I can either claim what he sold it for as ordinary income or capital gains which sounds like it may cost less.

But confused on what forms or best way to do this. Have to send in something soon for estimated taxes. Any help would be appreciated. January 25, at 9: February 2, at 9: What do I do? February 7, at 4: February 11, at Husband and I are owner operators leased to a company. Can we both claim per diem? Also we took a loan on the truck for repairs. He was informed today that his employer is deducting from his check the cost of his fuel he is using each week, insurance for the truck he is driving and a truck payment amount.

He shares this truck with another driver that drives during the nighttime. Is the deductions legal? He was told that the job is a job and he would be responsible for his taxes at the end of the year. So would all those deductions could be claimed on his taxes plus he is getting paid by a personal checking account and not showing the amount of all deductions, how can we get the amounts so it can be claimed.

February 23, at 7: March 2, at 7: Does my pre diem pay count as earned income? Hiw does that work if we need to apply for assistance through the state. Woukd I have to report per diem as part of my income? March 5, at 3: My accountant told me that I can not deduct anything because I am a W-2 employee.

March 18, at 4: People, If you will take an hour or so to browse thru the questions and answer previously state in this thread, as I did you may come across the answers. Your email address will not be published. Forum Reviews Trucking Jobs CDL Practice Tests Trucking Schools Trucking Insurance Freight Factoring. Computer Software Credit Card Fees Cleaning Supplies: Window Cleaner Paper Towels RainX Interest: Business Loan Credit Card Office Supplies: Pens, Pencils, Paperclips, Envelopes, Folders, Rubber Bands Medical Exams DOT Physical Drug Tests Sleep Apnea Study Postage Fees: For Mailing Invoices, Bills of Lading, etc… Real Estate Expenses: Expenses that were reimbursed by your employer Clothing that is adaptable to everyday wear Commuting costs tolls, gas, parking Home phone line Interest on personal loans Personal vacations Special Notes For Owner-Operators: You CANNOT deduct for downtime Note: Your tax situation is unique.

This article does not give nor is it intended to give specific tax advice. Trucking Jobs in 30 seconds Every month people find a job with the help of TruckersReport. Frank Emich says February 23, at 4: Do these deductions just count for OTR drivers??? Most of these expenses would also apply to day drivers, as long as they are true work expenses. Not the pier diem. There home every night. Paper towels could go under Supplies, Office Expense, Maintenance, Repairs or Other Expense… I just want things to be in the right category in case I am audited.

I wish there was a list of all expenses and their corresponding deduction category. Dear Greg, Bad news. Whats the Per Diem decuction per day for OTR truckers? Do you have to keep logs to show being away? How do I figure per diem with electonic logbooks? Tolls and Fuel are deductable. You have them listed as non deductable. Thanks for any help you can give me. You know your stuff. All your info is true. Thanks for your reply here! I leave and return haul takes me out of state, do I quailify for per diem deduction?

Meals are part of your daily deductions in il its That page has been removed, does that mean so has the sleeper deduction? How much can I claim for motels if I have a sleeper? I am out days a year.