I don’t know what the article says, but HSA rules stayed the same.
Assuming you stay within the contribution limitations. Premiums can be tax free as well.
I’m tellin you with certainty it’s gone.
If you can find a CPA to do this for you it would be best. While accounting software works and can track expenses, how do you know you are...
A HSA is a great tax deduction at any tax bracket if you and your family are in good health and don't foresee yourself going to the doctor often....
Go for it. Run under your own numbers and get loads. I have a few drivers that do exceptionally well every year.
They sure did if they chose the right tax entity.
Owner operator or company driver?
You should be working with your accountant, instead of, giving the government an interest free loan.
Yes, you can still reimburse.
It’s s pro business agenda aimed at growing the economy. It’s defin rough on a driver losing that deduction. Owner operators have always had...
Per diem is alive and well. Only an owner operator will be able to deduct it on a tax return in 2018.
In the new tax bill they removed unreimbursed employee expenses. Because they removed this, they effectively removed the deduction for per diem.
@cat smoke You will want to do an LLC and have it taxed as an S corporation. There isn't a dividend like Scotter is suggesting. There are...
This is a great time to be an owner operator. I would encourage anyone to do so. I would form an LLC and get an EIN for privacy and taxation...
Tim, The answer to your first question about the expenses would be they would be taken as a deduction on whatever taxable entity you setup and...
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...
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.
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...
Somecallmetim2, I am a licensed CPA and I can answer all of your questions regarding your situation.
