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Trucker Taxes Discuss taxes specifically related to truckers and the trucking industry here. Owner Operators have some hard decisions when it comes to tax time, but so do company truck drivers. Give us your hints here! STOP Uncle Sam from ravaging your wallet.

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Old 03.01.2009
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O/O and Tuition reimbursement

I had a question/idea to float.

I have a substantial amount in student loans to be repaid over a period of 10 years.

I was wondering if my company can institute an education reimbursement program by which the company pays the student loans and can therefore deduct it as a business expense.

It is in the neighborhood of $1600 a MONTH.
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Old 03.01.2009
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Google North Carolina Association of Certified Public Accountants

Google North Carolina Tax Attorney Lawyers

Last edited by Lilbit; 03.02.2009 at 11.29 AM.. Reason: removed links
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Old 03.01.2009
PharmPhail's Avatar
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"Google is your friend". Yeah I know. I have about 10 unopened solicitations from CPA's on my desk alone. I will hire one in the next month or so but wondering if anyone's already done this or knows offhand.
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You can always tell a trucker, but you can't tell him MUCH!

Guide to Instant O/O and Loadboards thread:
Financial settlements: 50, 68, (80), 82, 123, 166 (cumulative), 166 all repairs/maintenance, 181, 205
Pics: 3, 9, 10, 16, 24, 29, 32, 41, 61, 63, 78, 84, 94, 96, 119, 210, 326
Vids: 47, 48, 63, 74, 77, 80, 82, 96, 172, 211
JasontheRock cost investment summary: 87
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Old 03.01.2009
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Quote:
Originally Posted by PharmPhail View Post
"Google is your friend". Yeah I know. I have about 10 unopened solicitations from CPA's on my desk alone. I will hire one in the next month or so but wondering if anyone's already done this or knows offhand.
The better question is, "Has anyone already done this and successfully passed an IRS audit?" Also, remember that a tax lawyer has client confidentiality privileges that an accountant doesn't.
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