taxdude057

Thx Jack!! I pretty much figured that much but never can be too sure! :)

I have a client that purchased a suv to use for his personal training business. He want to show this as a business expense. Not neccassarily a capital expenditure so how do I show the $15,195 he paid for the truck? Thx in advance...

Thx Sun for the clarification! You the man!! :)

I would agree with the IRS if they were independent drivers. This couple drive for a company and only expense covered by their employer is fuel and maintance of the truck. All other incidental cost while on the road are at their expense. Would that not make the difference. I like to see them try to file a tax return from "Kentworth 90120!!" :lol:

I have a married couple who are team drivers for a trucking company. The both drive equally and both are entitled to the standard ME&I per diem rate deduction. My question is since the are filing MFJ return, do i compute each deduction separately and the combine the totals for the deduction? The amount seemed so high, but they are on the road cross-country about 300 days a year. Please, any insight on this would be greatly appreciated. :rolleyes: