OT : Taxes, and Home business Rules and Deductions on Vehicles.

[tyrone27 at gmail.com (Derrick floyd)]

I agree with tonee.  although I might get locked up.  it makes good sense.

On 4/16/05, Tonee Northam <pb3vr6@yahoo.com> wrote:
> Hey you never know. I can say that I gave $250 to charity, but never did,
> the IRS won't flag it, any more than that and they'd want receipts.
>  
> Now my wife Ellen, she has had to go on a couple road trips and she get's a
> reimbursment, on her days off, but it was work related.
>  
> If you can find a loop hole, by all means take it, if I could claim my
> puppy's food I would.
>  
> Tonee
> 
> 
> Roger concha <rogercv1@gmail.com> wrote:
> your gas mileage cannot be deducted since in the guy that just lives around
> the corner from the shop cannot deduct his mileage. only time you can deduct
> mileage is when if it's during your work day like a realtor or you are self
> employeed 
> 
> On 4/16/05, Tonee Northam <pb3vr6@yahoo.com> wrote: 
> > So if VW hired you knowingly that you lived in MD, then VW needs you to
> commute that far to work in turn using your vehicle for their business,
> sounds like a deduction. hum? 
> > 
> > Tonee
> > 
> > Derrick floyd <tyrone27@gmail.com> wrote:
> > hmm think I understood half of that. I know I can write off tools at
> > a expense of being a technican. where as I need tools of the work I 
> > do on VW's.
> > 
> > On 4/16/05, Patrick Bureau
> > wrote:
> > > well if you have a business (also known as a Schedule C in tax lingo)
> > > and you have business expense (such as tools) you should be allowed to
> > > claim vehicle expenses (also known as a "2106" in tax terms), now their 
> > > may be limited because of the 8829 - home business expense, square
> footage.
> > >
> > > for example if you have a room (like I do) that you use for the purpose
> > > of the business, then the square footage of that room (taking for 
> > > example 150 sq/ft in a house of 1500 sq/ft = 10% of home and therefore
> > > your limitator for amount of expense deductible under the 8829) you can
> > > claim usage of the vehicle as 100% (based on total mileage / amount of 
> > > mileage driven for business - for example 1500 miles driven on a total
> > > of 3,000 total miles = 50% business use from that vehicle in the
> > > business environment) so if you have 200$ in gasoline expense related to
> > > business use, then the 200$ of gas become 100$.
> > >
> > > in the same way you could use the laws of vehicle depreciation to
> > > depreciate the value of the vehicle, and this number also will be
> > > limited by the usage of home business expense rules. 
> > >
> > > Cheers.....
> > >
> > > Derrick wrote:
> > > > hmm damn. well I know I can write off my Tools as a business expense
> > > > because its business related. so if I can't do gas what about vechile 
> > > > maintance
> > > >
> > > > On 4/16/05, Patrick Bureau
> > wrote:
> > > >
> > > >>Well since I work for Intuit (largest Tax software and CPA support
> team
> > > >>in America) I can answer this question; 
> > > >>
> > > >>you can only have vehicle deductions if your self employed or can
> claim
> > > >>employee expenses on your return (such as traveling folks (ie: carpet
> > > >>salesman) or if you own your own company (like I do) you can claim a 
> > > >>portion of it (usually based on the "Home Office" deductions rules,
> > > >>then the percentage of your home business (based on square footage)
> can
> > > >>permit you to claim vehicle expense based on this home business thus 
> > > >>limited to the percentage of the home office, and or based (greater of
> > > >>either) of your mileage expenses as long as their are related to the
> > > >>business question.
> > > >> 
> > > >>next question...
> > > >>
> > > >>Intuit processed over 38 Millions electronic returns this year... go
> figure.
> > > >>
> > > >>
> > > >>Derrick floyd wrote:
> > > >> 
> > > >>>Hi guys. Wanted to ask a tax question. can I write off gas on my
> > > >>>taxes if I travel from MD to VA everyday to work? also if my job is
> > > >>>in VA do I pay MD and VA state taxes or just VA taxes? 
> > > >>>
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> > > >>
> > > >>
> > > >
> > >
> > >
> > 
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