Double Yellow's Company Driver to Independent Thread
Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.
Page 34 of 198
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Finished my taxes:
I wound up compromising this year's return to minimize the combined taxes for 2014-2015, but still mamlnaged a 4.4% effective tax rate 8)
Between company driver, owner op, stocks, and rentals my taxes were fairly complicated this year, but nothing TurboTax + google couldn't handle. I really like turbotax -- being able to try different inputs not only helps optimize this year's return, it also gives you ideas for minimizing next year's...Last edited: Feb 19, 2015
csmith1281 and glitterglue Thank this. -
I hate my taxes. With the shop at town, my trucks, our trucks, a few cows (18 and my wife has a job in town. I take mine to a CPA I have used forever, I bet he hates it worse than I do lol
double yellow Thanks this. -
ok DY now you have used
rates
taxes
weather
and general "dont feel like it"
when you going to workdouble yellow Thanks this. -
Also bit the bullet and ordered a pacbrake engine brake retrofit kit for ~$1850 shipped. There isn't any economic justification, but I've grown tired of honking horns & close calls with speeding megafleet trucks on Tehachapi, Donner & the Grapevine. Don't seem to have issues on any other passes -- just the longer CA grades...csmith1281 Thanks this. -
Did you get the exhaust or engine brake
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Im using Turbo Tax myself as well, ive used it for years just not for a business. I created a W2 for myself and got it pretty much figured out being an S corp but haven't filed it yet. Might run it by an accountant first time around to see how my numbers look. Pretty self explanatory. I wont be channeling profits to Ireland like Apple or Caterpillar anytime soon.
csmith1281 and double yellow Thank this. -
What amazes me about TurboTax is this: they have very knowledgable, experienced tax professionals, like enrolled agents and former IRS auditors and such, who truly understand the tax code. But then all that knowledge and complexity gets converted into a different kind of code by a bunch of young computer geniuses, all while keeping the IRS computers happy.
Simply amazing.csmith1281 and double yellow Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 34 of 198