Transam trucking - lease program

Discussion in 'Report A BAD Trucking Company Here' started by 2insane, Oct 11, 2009.

Are you a Lease Driver

  1. *

    YES

    12.9%
  2. *

    NO

    48.6%
  3. *

    THINKING ABOUT IT

    28.0%
  4. *

    I WAS

    11.5%
  1. William blair

    William blair Bobtail Member

    1
    0
    Aug 19, 2015
    0
    I worked for them they ####ed me over bad my email is NicoleandRubysdad@yahoo.com
     
  2. Lone Ranger 13

    Lone Ranger 13 Road Train Member

    1,542
    1,297
    Sep 27, 2012
    Asheville, NC
    0
    $.84/mile is probably the lowest rate I see advertised. Unless they've raised it.
     
  3. another mother trucker

    another mother trucker Bobtail Member

    1
    0
    Feb 9, 2016
    0
    email me @ bill_alldaffer@yahoo.com I just quit for the second time because of this lie they told after being an owner operator.......everything you said is true today and I have all the contracts to prove it as well as the paperwork they want you to sign when you quit saying that you are terminating the contract and if you say you are not signing they try to muscle you into it by saying they will go another route then. Im looking for a lawyer right now.......
     
  4. Ruckie

    Ruckie Road Train Member

    1,485
    1,029
    Nov 12, 2011
    Bloom field,nj
    0
    Screenshot_2016-02-09-20-45-08.png but they have the best leasing program in the industry!!!
     
  5. sbullard

    sbullard Bobtail Member

    2
    2
    Jun 14, 2016
    0
    Sir,

    Thank you for your valuable information. It is very informative However, you are forgetting that all of this is considered a work expense and is tax deductible. So you get all that money back at the end of the year.
     
  6. drvrtech77

    drvrtech77 Road Train Member

    12,866
    115,134
    Mar 20, 2010
    0
    Just cuz it's tax deductible does not mean you get it all back at the end of the year that is a big misconception
     
  7. sbullard

    sbullard Bobtail Member

    2
    2
    Jun 14, 2016
    0
    As an owner-operator, you are self-employed, so any expense related to operating your business is tax-deductible. The Internal Revenue Service requires you to provide written proof of an expense. That may include a receipt, canceled check, settlement statement, bill, log or, when no document is available, such as business-related use of your personal vehicle, your records in a notebook. You must provide the date, place, type of expense and the amount. All deductions must be business related.

    CATEGORIES


    CASUALTY FINANCIAL LOSS. This is from damage such as hail, wind, theft and accidents.

    DEPRECIABLE PROPERTY. The types of property that can be depreciated include tractor, trailer, equipment, buildings, computers, fax machine, copy machine and furniture used in business.

    ENTERTAINMENT. For entertaining business associates. Personal entertainment, such as movies or games, is not deductible even while on the road.

    GIFTS. Limited to $25 value for any person.

    INSURANCE PREMIUMS. Includes personal insurance, such as health.

    HOME OFFICE. To qualify, the home office must be your principal place of business. You must use the home office, including a computer and other equipment, regularly and exclusively for administration and management of your business. You may not have any other fixed location where you regularly conduct administration and management activities of the business.

    RETIREMENT PLANS. These include Keogh plan for self or spouse, SIMPLE, Simplified Employee Pension (SEP), IRA and others.

    BUSINESS LOANS AND MORTGAGE. Interest paid during calendar year.

    PER DIEM. Covers meals and incidentals at a fixed daily rate when you are away from home overnight. There is no need to save receipts.

    START-UP COSTS. Trips to visit truck dealers, bankers, carriers, etc.

    SUPPLIES. For home office or truck.

    TAXES, LICENSES AND OTHER GOVERNMENT FEES. Half of your self-employment tax is deductible. Fines and citations for illegal activity, such as speeding or weight violations, are not tax-deductible.

    TRAVEL. Airline tickets, rental cars, lodging.

    TRUCK LEASE. Under a lease-purchase, 100 percent of your truck payments are deductible. Security deposits are not deductible

    Here are some of the more common, specific deductions available:

    ADMINISTRATIVE FEES / BUSINESS COSTS / OFFICE SUPPLIES

    Accounting services

    ATM fees, bank fees

    Broker fees

    Calculator

    Comdata, Comchek

    Co-driver, lumpers

    Clipboard

    Computer supplies

    Credit card fees

    Education

    Envelopes

    Fuel card fees

    Ledger book

    Legal costs

    Paper, pens, ruler

    Photocopies and faxes

    Postage, FedEx, TripPak

    Receipt book

    Software

    Stapler and staples

    Trade magazines

    Trade memberships

    Transaction fees

    COMMUNICATIONS

    CB radio, repairs, antennas, cables

    Cell phone and accessories

    Pager

    Phone cards

    Qualcomm, satellite, Internet

    Satellite radio

    INSURANCE

    Bobtail/liability

    Cargo insurance/cargo claims

    Disability

    Health, dental, vision

    Occupational accident

    Physical damage

    PERMITS, LICENSES, FEES

    Door signs, decals, lettering

    Fuel taxes and road taxes

    Federal Highway Use Tax (Form 2290)

    IRP, licenses and permits

    Parking, scales

    Tolls, Pre-Pass

    PERSONAL

    CDL fees

    Caps, coats, shirts (with carrier logo)

    Drug test

    Eye exams, glasses, sunglasses

    Gloves, coveralls

    Laundry

    Mileage on personal vehicle

    Motels

    Raingear

    Safety shoes/boots

    Uniforms

    TRACTOR-TRAILER – EXTERIOR AND UNDER THE HOOD

    Chains, tarps, pallets, bungee cords

    Chrome

    Coolant, antifreeze

    Fuel and fuel additives, filters

    Headache rack

    Kingpin lock, padlocks

    Load locks

    Oil, lube

    Power washer

    Repairs, parts, labor

    Shop equipment, power cords

    Tires and repairs

    Trailer wash, tractor wash

    Vacuum

    Wax

    TRACTOR – INTERIOR

    Accessories

    Air fresheners

    Alarm clock

    Appliances

    Atlas and maps

    Bedding, sheets

    Electric blanket, bunk heater

    Camera, film

    CD player

    Cleaning Supplies

    Coffee pot

    Coolers and ice

    Crockpot

    DVD player

    Flashlight and batteries

    Flyswatter

    Hangers

    Hoses and cables

    Ice scraper

    Luggage

    Microwave

    Paper Towels

    Refrigerator

    Rugs, floor mats

    Seat Covers, cushions

    Storage

    Thermos

    Tools (hand and power)

    Trash Bags

    TV

    Video players
     
    Panhandle flash and Raezzor Thank this.
  8. superflow

    superflow Road Train Member

    2,036
    1,865
    Jan 2, 2014
    0
    Ummm.... You can keep it
    I'll Park my truck at the end of day and go fishing with my son
    .... I don't make the big bucks but I have alot of bucks hanging on the walls of my den and all the toys I want to play with after work every day
    ..... I must be a fool to miss out on all that money making & bean counting
     
    Panhandle flash Thanks this.
  9. OnTheRoadAgainMyFriend

    OnTheRoadAgainMyFriend Bobtail Member

    1
    0
    Jul 21, 2021
    0
    My husband is currently stuck in a contract with them and is making no money. They purposely leave time gaps in between loads which don’t allow him to make miles or money. He’s literally in debt to them. Can anyone assist? Please send an email to shootingstar1030@yahoo.com
     
  10. TB John

    TB John Company Shill of BYOB & CBD

    3,136
    7,348
    Dec 28, 2008
    0
    You have taken the first step on the road to recovery, recognizing you have a problem.
     
    Lonesome Thanks this.
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