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Tax question if anyone can help

Discussion in 'Trucker Taxes and Truck Financing' started by Trukerswife, Jan 21, 2010.

  1. Jan 21, 2010 #1
    Trukerswife

    Trukerswife Bobtail Member

    7
    0
    Aug 20, 2008
    Birmingham, Alabama
    0
    My husband worked as a O/O under a Lease Purchase agreement thru PGT from Jan to April last year. I'm trying to get all of our tax information together so when the 1099 comes in we can go file our taxes. I just had a question. When we get our 1099, does anyone know if the total gross paid to my husband will include fuel in there to? Fuel money was advanced to him every load he got and taken straight out of his pay. Any help with this is appreciated.
     
    Trukerswife, Jan 21, 2010
    Trukerswife, Jan 21, 2010
    #1
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  3. Jan 23, 2010 #2
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,981
    Apr 4, 2007
    0
    Depends on the company.

    I did the return for a guy that leased and the company sent a 1099 out for the net amount. Gross less fuel and truck payment.
     
    Roadmedic, Jan 23, 2010
    Roadmedic, Jan 23, 2010
    #2
  4. Feb 1, 2010 #3
    hrdman2luv

    hrdman2luv Medium Load Member

    695
    34,847
    Dec 24, 2006
    100% Texan til I die.
    0
    If it was gross, then the total shouldn't include fuel or anything else. it should just be the total amount he was paid. When he was advanced $$$$ for fuel, that's still income. (even if it was through a company/LO fuel card)
     
    hrdman2luv, Feb 1, 2010
    hrdman2luv, Feb 1, 2010
    #3
  5. Feb 1, 2010 #4
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,981
    Apr 4, 2007
    0
    I have seen it both ways. You never know what they are going to send.
     
    Roadmedic, Feb 1, 2010
    Roadmedic, Feb 1, 2010
    #4
  7. Feb 26, 2010 #5
    bleueyes44883

    bleueyes44883 Bobtail Member

    17
    11
    Feb 25, 2010
    Ohio
    0
    Ok, I've never done the itemized deductions before and am using an online tax software that does not help much but it has business expense, travel expense and the Meals deductions all separate. Im trying to figure out where everything besides meals goes..Like toiletries, laptop, and whether or not I can deduct my husband's psp and games he bought for his own entertainment in the truck..His laptop has his GPS in it and he primarily uses that in the truck since I have a computer at home..If anyone can help me decipher all of this I would be greatly appreciative.
     
    bleueyes44883, Feb 26, 2010
    bleueyes44883, Feb 26, 2010
    #5
  8. Feb 26, 2010 #6
    musicmaker

    musicmaker Medium Load Member

    561
    145
    Dec 25, 2009
    Fort Madison, IA
    0
    I do deduct my GPS, laptop, Printer & supplies, I use a CPA so cant help you with how to deduct them with a tax software.
     
    musicmaker, Feb 26, 2010
    musicmaker, Feb 26, 2010
    #6
    bleueyes44883 Thanks this.
  9. Feb 26, 2010 #7
    bleueyes44883

    bleueyes44883 Bobtail Member

    17
    11
    Feb 25, 2010
    Ohio
    0
    The tax software online I use offers services if audited it's not a high cost but I've always gotten great returns from them so that is why I decided to continue to use them this year
     
    bleueyes44883, Feb 26, 2010
    bleueyes44883, Feb 26, 2010
    #7
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