Estimated Taxes

Been talking to some folks in the tax area for trucks....... seems their working a new angle........ they are researching IRS rules trying to see if they can deduct the lost / unpaid hrs. at shipper / rec.

Their argument hinges on the DOT rule that basicaly says you must log everthing you do tied to the rule that says mc's must pay you for what you log. ( Hold it guys!!! It's included in your mileage pay )

Just curious, do you think they will get any traction with this?

 

Better walk away from them.

Number 1. The driver is a cash basis operating individual. What this means is that the driver pays tax on money received.

In order to account for the lost wages, you have to receive them and them taken away in order to be lost.

Not the first time it has been tried and certainly not the last.

 

Words of wisdom.

 

Agreed.... and the rebuttle was " The carrier is paying the driver to sit at the shipper.... it's in the mileage pay"

Not to worry Roadmedic..... I am keeping my distance while watching with curiosity.

 

I tend to disagree with the comment that the down time is in the mileage pay.

Companies like UPS seem to keep the driver compensated for driving and then for when it sits.