Hello everyone. I just wanted to introduce myself. The 2017 tax season will be upon us soon and I can imagine people are going to have many questions about taxes or even the new regulations that might be passed here shortly for 2018. If you have questions, please have at it.
Licensed CPA
Discussion in 'Trucker Taxes and Truck Financing' started by BrandonCPA, Dec 16, 2017.
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M&IE - yes/no with the new tax laws?
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Hey Mark, M&IE will remain in effect for 2018, but let me preclude this comment by saying this will be a benefit only to Owner Operators.
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BTW... Full days is 80% of the $63, Partial days.. is it 75% of the $63 or is it 75%(80%x$63). Pub 463 is kind of unclear on this. -
Mark, in both your instances it is correct, but there is always the 80% step, unless an exception is made. So your latter scenario is completely correct.
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I just wish to say welcome aboard TTR. I am glad someone is here to help drivers as their needs are a little different than a normal business, being either an O/O or Company Driver.
Mark -
Mark -
I am just completing my first year as an O/O I don't have a CPA yet can I get any suggestions?
Thanks! -
Opus, Crisvalencia90 and Justrucking2 Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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