Will we lose per diem

Discussion in 'Trucker Taxes and Truck Financing' started by true122, Dec 2, 2017.

  1. Antinomian

    Antinomian Medium Load Member

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    LOL. It's the middle of the day. He might have a job.
     
  2. STexan

    STexan Road Train Member

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    No. The statements were made more than a few times many days/weeks ago earlier in this thread. Also the request for proof was requested several times earlier by me and others many days and weeks ago.
     
  3. Scooter Jones

    Scooter Jones Road Train Member

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    I doubt that...
     
  4. Taipan

    Taipan Light Load Member

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    Everyone I talk to think they will still have the deduction next yr becuz landline said so talk about ignorance
     
    beachin Thanks this.
  5. Antinomian

    Antinomian Medium Load Member

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    What statements? You didn't quote anything and the last "member A" to be asked for sources was TruckingCPA who last posted last night at midnight.
     
  6. STexan

    STexan Road Train Member

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    Okay. But this thread is more than a month old. Have you read through it completely and read the various statements and corresponding requests for verification? From the beginning?
     
  7. Antinomian

    Antinomian Medium Load Member

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    Yes. And now 24 hours have gone by with no replies from TruckerCPA. Hope he comes back I have more questions.
     
  8. TruckingCPA

    TruckingCPA Bobtail Member

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    I am here ask your question. Also, STexan, I did not know you asked a question of me. I can walk through a tax return with you and explain how it works. Because the only place for a company driver to deduct per diem on a tax return is on form 2106 Employee Business expenses. That form has been eliminated starting with the 2018 tax filings in 2019. That form feeds to the itemized deductions which then feeds to page two of the tax return. You can still take it on your 2017 tax return.
     
    double yellow and tucker Thank this.
  9. TruckingCPA

    TruckingCPA Bobtail Member

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    As far as references go. Find attached a summary of the tax reform changes. This was prepared by the Texas Bar Association. It has plenty of references for you to look up and read to your hearts content. Now I hope this all changes before the end of 2018.
     

    Attached Files:

  10. STexan

    STexan Road Train Member

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    I don't see the "carve out for the transportation industry", where those highlighted items are not applicable to. I had posted the law and highlighted the "carve out" earlier in this thread (or maybe it was another thread) but I don't see it included in the above attachment.
     
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