Will we lose per diem
Discussion in 'Trucker Taxes and Truck Financing' started by true122, Dec 2, 2017.
Page 19 of 22
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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.
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I doubt that...
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Everyone I talk to think they will still have the deduction next yr becuz landline said so talk about ignorancebeachin Thanks this.
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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.
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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?
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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.
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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.
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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:
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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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Every month 400 people find a job with the help of TruckersReport.
Page 19 of 22