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Another ACT L/O

Discussion in 'Discuss Your Favorite Trucking Company Here' started by Kujo, Apr 29, 2012.

Page 18 of 21
  1. Jul 4, 2012 #171
    full moon

    full moon Light Load Member

    201
    28
    Dec 10, 2010
    0
    I finally got to put some money in my savings .But taxes are due so it didnt last long .
     
    full moon, Jul 4, 2012
    full moon, Jul 4, 2012
    #171
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  3. Jul 4, 2012 #172
    Kujo

    Kujo Medium Load Member

    442
    168
    Feb 6, 2012
    in the middle
    0
    I also have a lot of write offs. House, kid, daycare, private school, ira, etc etc. This isn't my first rodeo so to speak. I've been self employed for a majority of my adult life. Plus the amount I'm holding back is before per diem so that will change it to a higher percentage of my actual earnings that are put aside. Per diem alone will bring down my income about $15,000.
     
    Kujo, Jul 4, 2012
    Kujo, Jul 4, 2012
    #172
  4. Jul 5, 2012 #173
    KBOOGIE

    KBOOGIE Bobtail Member

    33
    6
    Aug 22, 2009
    RALEIGH NC
    0
    I have been self employed for seven years and i owed once during that time and it was $9.00 other than that i get a refund every year
     
    KBOOGIE, Jul 5, 2012
    KBOOGIE, Jul 5, 2012
    #173
  5. Jul 5, 2012 #174
    DragonTamerBrat

    DragonTamerBrat Road Train Member

    2,742
    985
    Jun 6, 2011
    0
    Everyone's tax situation is different. Mortgage, kids, retirement, per diem deduction, etc.
     
    DragonTamerBrat, Jul 5, 2012
    DragonTamerBrat, Jul 5, 2012
    #174
  7. Jul 5, 2012 #175
    Velox

    Velox Bobtail Member

    38
    10
    Feb 25, 2012
    Ohio
    0
    In the 3 yrs. I Leased I never had to pay in with all the deductions and write offs.
     
    Velox, Jul 5, 2012
    Velox, Jul 5, 2012
    #175
    tnt440 Thanks this.
  8. Jul 5, 2012 #176
    tnt440

    tnt440 Light Load Member

    97
    27
    Apr 29, 2012
    Wisconsin
    0
    MN Driver--You nailed it..
     
    tnt440, Jul 5, 2012
    tnt440, Jul 5, 2012
    #176
  9. Jul 6, 2012 #177
    zombieslayer

    zombieslayer Bobtail Member

    20
    2
    Mar 9, 2010
    Russellville,AR
    0
    I start orientation Monday. Can you fellas tell me about what size motor and this tag axel ?
     
    zombieslayer, Jul 6, 2012
    zombieslayer, Jul 6, 2012
    #177
  10. Jul 6, 2012 #178
    tnt440

    tnt440 Light Load Member

    97
    27
    Apr 29, 2012
    Wisconsin
    0
    How can you get a refund if you don't pay in??
     
    tnt440, Jul 6, 2012
    tnt440, Jul 6, 2012
    #178
  11. Jul 7, 2012 #179
    Kujo

    Kujo Medium Load Member

    442
    168
    Feb 6, 2012
    in the middle
    0
    By paying quarterly estimated tax and overpaying.

    As for the tag axle question I dont think many trucks have that setup. Motor depends on the year of the truck you choose.
     
    Kujo, Jul 7, 2012
    Kujo, Jul 7, 2012
    #179
  12. Jul 7, 2012 #180
    MNdriver

    MNdriver Road Train Member

    7,985
    4,366
    Feb 24, 2012
    0
    Just curious, but do you know what a form 941 is?
     
    MNdriver, Jul 7, 2012
    MNdriver, Jul 7, 2012
    #180
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