filing taxes with a tax preparer

My smarter clients prepare as much as possible. The more they do, the lower the charge for the time involved to do the return.

I would assume any and all preparers would have this philosophy.

In addition, it allows you to see the work involved and figures for the report and to think about it for the next year.

 

Can a company driver claim meals/food? Anything else?

 

You can keep as many receipts as you want but that can be tedious. It's a good idea to keep a day to day log of expenses so you can remember what you spent. You certainly can't fool the IRS but I just let my acct do his job.

 

http://www.thetruckersreport.com/tr....html?highlight=company+driver+tax+deductions

http://www.thetruckersreport.com/tr....html?highlight=company+driver+tax+deductions

http://www.thetruckersreport.com/tr....html?highlight=company+driver+tax+deductions


There are many others.

 

As an O/O I always keep an updated profit and loss statement and I would advise a company driver to do the same (something similar and more basic). Claim your per diem and any other out of pocket expenses.

 

Not unless you were paid on a schedule C, and claimed it as an unreimbursed work expense- and then you'd have to save the receipts for a decade and voluntarily pay out taxes since no one was withholding federal and state income tax on a w-2.

 

What?

Ever hear of form 2106?

 

I've filed quite a few of them. You'd be amazed at how many are declined or rejected by the IRS.

You get a better deduction and general return with a 1040 SC, and the deductions included therein.

 

A company driver is paid by w-2 and files by itemized deduction on form 2106 under the miscellaneous deduction section. They do not have a choice to file on schedule c as a self employed person.