It's Tax time, here is the requisite thread

[Thedude]

Has anybody used EZPERDIEM.com to figure the CONUS for taxes. If so was it worth it??

If you do a lot of Intl flying it is worth it. If all you do is domestic probably not.
I had a $9000 difference between what I was paid and what the gov says the per diem should be.

 

[trainer8]

Vehicle expenses related to commuting to work such as tolls, parking, and fuel and not deductible. You are only to permitted to deduct the above expenses if you use your car for a business purposes. I know that many people here a deducting parking but in an audit you will probably pay it.

See, I told you the tax gurus would show up!

Thanks for the correction.

T8

 

[Rez O. Lewshun]

I deduct anything that I spend money on to help me make money that requires me to pay taxes...

How 'bout them apples?

 

[trainer8]

I deduct anything that I spend money on to help me make money that requires me to pay taxes...

How 'bout them apples?

If they ain't rotten to the IRS, them thar is good apples.

T8

 

[LearLove]

FWIW,

Over the past 8 years I've (my tax guy says so) deducted the GA flying I've done. My tax guy says as long as i have a SEl/Comm and or CFI (current) then it is OK.

It is usually on the neighborhood of $1500-1800 per year that i spend putzing around in either a c150 or other club aircraft.

being single with no house or kids I really don't have anything else to write off other than the standard airline stuff. I just do what my retired airline/tax guy tells me. i used the same guy ever sice starting 121 8 years ago.


off the top of my head my stuff this year will be;

GA flying - 1800
uniform - 350
glasses - 350
watch - 250
cell(on reserve) 39(basic) times 12=468
internet 29 (basic) times 12= 348
cable 42 (basic) times 12 = 504
aopa = 39
flying manuals/periodicals =200
teamster dues = 950
cloths donation 600/3=200
2006 tax prep = 195

thats about it

total = 5654.

every year for the past 8 years it always come out about the same as above plus or minus a few 100.

My guy will get me about 1500 back (state/fed) and I'll pay him about 200 and owe the county here in PA around 300. 1500 - 200 - 300 = 1000 to me. Wahoo strip bar on my next overnight here i come.

 

[trainer8]

Hey, LearLove, you on reserve today...or on a trip

 

[LearLove]

off - about to go out for a mtb ride now - windy and cold - this should be fun.

i would take the t-34 up but i don't feel like getting the snot kicked out of me - and pay $$ for it too.

 

[Rez O. Lewshun]

In addition... the ALPA national guys will be able to duduct all mustache grooming cost!!

 

[prtyprtyprncss]

I thought you could only deduct the portion of internet and cell phone fees that you actually used for work...seems the IRS would think 100% of the time for cell and net would be over the top...and cable??? My tax lady's really a bit too strict tho...

 

[Rez O. Lewshun]

I thought you could only deduct the portion of internet and cell phone fees that you actually used for work...seems the IRS would think 100% of the time for cell and net would be over the top...and cable??? My tax lady's really a bit too strict tho...

I guess you could pro rate the internet, then again can you get your internet subscription pro rated....

IOW.... it cost me $50 bucks to get basic hi-speed.. that is the lowest cost to get the service...


deduct it...

 

[mesaba13]

I thought you could deduct the cell phone because of tax language that states that it doesn't have to be a necessity as long as it is useful and common practice in your job. (calling dispatch, mx, etc)

 

[DoinTime]

I thought you could deduct the cell phone because of tax language that states that it doesn't have to be a necessity as long as it is useful and common practice in your job. (calling dispatch, mx, etc)

That is language that is in regard to trade tools. For example, a toolbox is something that is not required for a mechanic to complete a repair (unlike the tools contained within) however it is useful and customary to have one. A toolbox is deductible or depreciable. For pilots the deduction of sunglasses is a similar deal. Sunglasses are not required to fly an airplane but they are useful and customary to the profession.

Information services are not classified the same as trade tools though. Necessity is weighed if the services are found to be not already provided by the company and pro-rations are applied if the device is also utilized for personal use.

 

[JimNtexas]

Over the past 8 years I've (my tax guy says so) deducted the GA flying I've done. My tax guy says as long as i have a SEl/Comm and or CFI (current) then it is OK.

I wonder on what basis you are claiming this deduction. Certainly just having a pilots license does not entitle one to deduct 'GA flying'.

 

[Rez O. Lewshun]

Information services are not classified the same as trade tools though. Necessity is weighed if the services are found to be not already provided by the company and pro-rations are applied if the device is also utilized for personal use.

Cell phones are justified, IMHO, because it allows me to talk to sched.. to pick up flying, to make more money, to pay more taxes....

Therefore I deduct... now I have multiple people on my cell account so I only deduct my portion...

If one is making less than 100K I don't think the IRS is going to scrutinize pilots with a house note and lots of travel... if a pilot is making less than 50K they are probably glad he paid taxes throughout the year... and will leave it at that...

Of course, it's like excercising PIC authority... can you withstand the scrutiny of the Fuzz?

 

[www.]

Cell phone - Only the portion of use that the company requires of you. If you are a line holder thats probably zero. Using your personal phone to call dispatch and scheduling while at work when the company provides a phone does not count. If you are required to maintain a mobile phone you can deduct whatever percentage of that phones use that is for company business.

But if your company is paperless, you must have access to the internet (sch, company email, required reading etc) so I deduct the data part of my cell phone.

 

[wmuflyguy]

Condoms,

Seriously I deducted it last year.

And the same box is still laying un-opened in the bottom of your rollerboard.

 

[nwcrjca]

The IRS has ruled that you CANNOT deduct haircuts as expenses. They are normal life events that would occur if you were not working at the company.

This has been in effect since 2006

 

[LearLove]

I wonder on what basis you are claiming this deduction. Certainly just having a pilots license does not entitle one to deduct 'GA flying'.

I guess its SEL currency or maybe job interview/sim practice- gotta keep cfi skill on par, could get a student at any moment that would provide revenue.

I don't know - studied engineering in college - don't no nothing about accounting - thats why i pay this guy 200.

 

[Airboss]

I thought you could only deduct the portion of internet and cell phone fees that you actually used for work...seems the IRS would think 100% of the time for cell and net would be over the top...and cable??? My tax lady's really a bit too strict tho...

You may think she's strict now, but its worth it in the long run when you don't get audited.
The IRS waits for over 3 years before auditing you. You don't get a refund for any returns beyond 3 years old, if you edit them.

As stated before you can deduct the percentage of your phone bill used for work. Same with the net and cable.

 

[JimNtexas]

I guess its SEL currency or maybe job interview/sim practice- gotta keep cfi skill on par, could get a student at any moment that would provide revenue.

I don't know - studied engineering in college - don't no nothing about accounting - thats why i pay this guy 200.

I hope he is an EA or CPA, so he can represent you when you are audited.