Taxes

[sky4]

Sitting down to do the taxes I thought of all my fellow pilots. I was wondering, as a fractional pilot, if you all know any good advice? Standard deductions, travel expenses, etc..... Please help, I need to recover all I can. As a pilot, living on the road half the year, I know there are some extra deductions, I just don't know where to find them.

Thanks

 

[LR35Cpt]

you have 2 CHOICES

You have a choice.

Take the BLUE PILL: You will remain in wonderland and I will forward you the best CPA around who prepares 1040s for pilots for a living (for write-off's) (private message me)

OR

Take the RED PILL...

go to www.taxableincome.net about what "taxable income" you do in fact have to report.


And remember, i only offer you the TRUTH...nothing more, nothing less. Which pill you take will be up to you and you alone. Good luck.

 

[TailDraggerTed]

Check out www.pilotax.com

Some good info. there

ALSO look at http://www.irs.gov/pub/irs-pdf/p463.pdf