O/O Per Diem - where to list on tax form?

Discussion in 'Trucker Taxes and Truck Financing' started by TheEnglishMan, Jan 2, 2014.

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  1. Jan 2, 2014 #1
    TheEnglishMan

    TheEnglishMan Light Load Member

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    So i am provisionally doing my 2013 taxes, the first full year of being an O/O. Where do you you list the Per Diem allowance - as a schedule C deduction?. Last year the allowance was listed on the 2106 form 'unreimbursed employee expenses' which obviously does not apply to me this year. Thanks for the help.
     
    TheEnglishMan, Jan 2, 2014
    TheEnglishMan, Jan 2, 2014
    #1
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  3. Jan 2, 2014 #2
    Roadmedic

    Roadmedic Road Train Member

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    Schedule C Meals on the lower right of the front page. Do not have the new form yet, but you choose DOT and insert the 80% of the meal per diem.

    Went to the irs website and it is 24b.
     
    Roadmedic, Jan 2, 2014
    Roadmedic, Jan 2, 2014
    #2
  4. Jan 2, 2014 #3
    TheEnglishMan

    TheEnglishMan Light Load Member

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    Great, thank you very much.

    One more question, self employment tax is paid on my nett income after all deductions and expenses incl per diem, just like income tax, correct?
     
    TheEnglishMan, Jan 2, 2014
    TheEnglishMan, Jan 2, 2014
    #3
  5. Jan 2, 2014 #4
    Roadmedic

    Roadmedic Road Train Member

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    Yes, just follow the instructions, or better yet , buy a tax program.
     
    Roadmedic, Jan 2, 2014
    Roadmedic, Jan 2, 2014
    #4
  7. Jan 2, 2014 #5
    TheEnglishMan

    TheEnglishMan Light Load Member

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    Thanks again, I've got a program but have not yet started to input the numbers. I'm just doing a rough P&L for 2013 right now and want to send in my final quarter 2013 payment.
     
    TheEnglishMan, Jan 2, 2014
    TheEnglishMan, Jan 2, 2014
    #5
  8. Jan 2, 2014 #6
    Roadmedic

    Roadmedic Road Train Member

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    I have not ordered the software for w2, 1099 or taxes for my clients yet. Probably do that tomorrow before I leave on the next trip. Been home since 12/18
     
    Roadmedic, Jan 2, 2014
    Roadmedic, Jan 2, 2014
    #6
  9. Jan 2, 2014 #7
    TheEnglishMan

    TheEnglishMan Light Load Member

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    Been home since 12/18 too. Probably head out next week. Just wanted to get an idea on 2013 before I left.
     
    TheEnglishMan, Jan 2, 2014
    TheEnglishMan, Jan 2, 2014
    #7
  10. Jan 3, 2014 #8
    tucker

    tucker Road Train Member

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    Really. Dude, I'm a company driver and I use ATTB out if Colorado. They're cheAp plus they do a great job .
     
    tucker, Jan 3, 2014
    tucker, Jan 3, 2014
    #8
  11. Jan 3, 2014 #9
    Roadmedic

    Roadmedic Road Train Member

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    Your money, you can spend it any way you want.
     
    Roadmedic, Jan 3, 2014
    Roadmedic, Jan 3, 2014
    #9
  12. Jan 3, 2014 #10
    G/MAN

    G/MAN Road Train Member

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    There are several inexpensive tax programs. I known someone who uses TaxAct (I believe) on line. They fill in the blanks and it spits out their tax return. They are not in trucking, so I don't know how good of a program it is for this industry, but she says that it is a good program. There are several other programs that can do the same thing for not too much money.
     
    G/MAN, Jan 3, 2014
    G/MAN, Jan 3, 2014
    #10
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