I wouldn't set aside a maintenance fund then run projected numbers. I'd run the numbers how they are running. This is what I spent on fuel, maintenance, etc.... You can set a fund aside from your net and tell yourself not to touch it, but the IRS is going to look at gross, and net. If you got $20k left over, after expenses, in some account you've deemed "maintenance" it's still net income being taxed.
If that's what your asking....
Double Yellow's Company Driver to Independent Thread
Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.
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Fortunately for me, none of the trucks I've bought were outside the weigh station circumference around Atlanta. Even the diesel cop dragnet on I-985 coming down from Gainesville (where the shop I do business at is) is too busy looking for illegals in construction and landscaping trucks to notice lil 'ol me bobtailing with no lettering one trip. I even post cardboard signs before leaving the lot in rentals.
Being overly paranoid about these things, I usually have my logbook running, the permit book, including cab card, plate, ifta stickers, and a cardboard sign "kit" when I do actually pick up a new to me truck. I've heard of people using the "not for hire" and "RV" strategy, but that always smacked too much of truckstop counter BS to me and not worth the risk. Sorry to hear you got hassled.csmith1281, Grijon and double yellow Thank this. -
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$180K for a tag axle Cascadia? Keep shopping.
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Commercial motor vehicle means any self-propelled or towed motor vehicle used on a highway in interstate commerce to transport passengers or property when the vehicle
(1) Has a gross vehicle weight rating or gross combination weight rating, or gross vehicle weight or gross combination weight, of 4,536 kg (10,001 pounds) or more, whichever is greater; or
(2) Is designed or used to transport more than 8 passengers (including the driver) for compensation; or
(3) Is designed or used to transport more than 15 passengers, including the driver, and is not used to transport passengers for compensation; or
(4) Is used in transporting material found by the Secretary of Transportation to be hazardous under 49 U.S.C. 5103 and transported in a quantity requiring placarding under regulations prescribed by the Secretary under 49 CFR, subtitle B, chapter I, subchapter C.
Now, of the 4 criteria you are correct #1 weight would be the one my vehicle would fall under. But if you read the first part you realize that the first qualification is it must be used on a highway in interstate commerce to transport passengers or property. That is the first qualification, if it doesn't meet that, then the other 4 do not apply as I read it.
It's still sufficiently vague, obviously the cop interprets this to mean a vehicle which will be used to transport people or property. I interpret it to mean a vehicle which is being or has been used to transport people or property. All it says is a vehicle used to tranport people or property.
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Last edited: Apr 13, 2015
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