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  #21  
Old 03-20-2012, 08:58 PM
yardguy28 yardguy28 is offline
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Originally Posted by TJLANDS View Post
Everyone should be using the off road deduction(credit).
If you dont you are just giving money away. A lot of it.

Also I have never had it where mileage beat out actual expenses,
so we use actual.
We also have 9 trucks, so maybe it is different for solo guys
I am solo but like I said I just follow what my accountant says and suggested.

and that is to keep track of the work mileage on my truck. I turn that in at tax time. mower fuel is just mixed in with all my expenses for the season.

I used to save the receipts from the mowers but I don't any more. mowers are filled up with a diff card than my truck so I can track it that way if I need to.
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  #22  
Old 03-20-2012, 09:08 PM
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TJLANDS TJLANDS is offline
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Quote:
Originally Posted by yardguy28 View Post
I am solo but like I said I just follow what my accountant says and suggested.

and that is to keep track of the work mileage on my truck. I turn that in at tax time. mower fuel is just mixed in with all my expenses for the season.

I used to save the receipts from the mowers but I don't any more. mowers are filled up with a diff card than my truck so I can track it that way if I need to.
just one comment,
if your accountant does not file for off rd. credit,
get a new accountant
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  #23  
Old 03-20-2012, 09:13 PM
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Quote:
Originally Posted by TJLANDS View Post
just one comment,
if your accountant does not file for off rd. credit,
get a new accountant
YES!

And keep receipts! It's not hard to do! The 5 minutes it takes to add them up at the end of the year is well worth the trouble!
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2004 GMC 2500HD Reg Cab BOSS 9.2 V-Plow
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  #24  
Old 03-20-2012, 09:13 PM
yardguy28 yardguy28 is offline
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Originally Posted by TJLANDS View Post
just one comment,
if your accountant does not file for off rd. credit,
get a new accountant
to be honest I trust and have been happy wirth this accountant 110%.

he has been my dads accountant for over 30 years with the business he has and has been my accountant since I've been in business.
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  #25  
Old 03-20-2012, 11:09 PM
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TJLANDS TJLANDS is offline
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If he doesn't file for off road credit, he is probably behind the times and needs to retire,
think of What else is he could be
missing
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  #26  
Old 03-21-2012, 12:06 AM
britsteroni britsteroni is offline
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TJLANDS & TLS are correct. Don't take our word for it, see the IRS instructions for the form.

http://www.irs.gov/pub/irs-pdf/i4136.pdf

You might not need to switch accountants, just inform your current one of this credit and he will probably thank you. The laws change so often that it is difficult to stay on top of everything.
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  #27  
Old 03-21-2012, 07:05 AM
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It's also pretty much an industry specific deduction.

Joe's Flower Shop would not be filling out this form.

So if your accountant isn't exposed to business' that would use it, maybe he doesn't know about it?

Prior to doing my own taxes, I had an old, and I mean he was 70 back in the 80's, old! He knew about this form then! And he was just a retired corporate accountant!
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  #28  
Old 03-21-2012, 07:25 AM
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Richard Martin Richard Martin is offline
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Originally Posted by TLS View Post
I have heard the home office is often a high abuse area that they look into, but have never heard the credit for tax on fuel being a red flag item?
The offroad fuel tax credit makes the IRS' Dirty Dozen. The IRS complies its list of the most egregious schemes that it has on its radar for the year. The offroad fuel tax credit is on that list this year. I'm not saying to not use it. Just be aware that use of it will increase your chances of being audited.

http://www.toolkit.com/news/newsDeta...-303DirtyDozen
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  #29  
Old 03-21-2012, 08:43 AM
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I read that link Richard.

Fuel Tax. While farmers and others who need to use fuel for off-highway business expenses are rightfully entitled to fuel tax credits, other taxpayers are claiming the credit erroneously. (Sorry, no matter how many potholes are in the expressway by the end of a Midwestern winter, that driving does not qualify as off-road.) Before you try and make that argument, remember the IRS lacks of a sense of humor and that fraud involving the fuel tax credit is considered a frivolous tax claim and can result in a penalty of $5,000

But I don't think our returns with Line A of our Schedule C reading Landscape/Lawn Maintenance would pop a flag.

They are saying in that article that "normal" people are claiming off highway use when they are infact using the highway.
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2004 GMC 2500HD Reg Cab BOSS 9.2 V-Plow
2013 eXmark LazerZ X-Series 60" 34hp EFI (RED) Kohler
2006 Hustler SuperZ 28EFI 60" Power Chute Design OCDC SOLD!
Perma-green Magnum
1996 48" SCAG Belt WB 14hp Kawasaki Classic Deck
Echo 2 strokes PB-755 & SRM 280
Eastman WM20H 20" Commercial Push mower (NEW for 2013)
Commercial Lawnboy trim mower 3-FOR SALE!http://www.lawnsite.com/showthread.php?t=424203
Solo since 1980
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  #30  
Old 03-21-2012, 09:45 AM
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TJLANDS TJLANDS is offline
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Quote:
Originally Posted by TLS View Post
I read that link Richard.

Fuel Tax. While farmers and others who need to use fuel for off-highway business expenses are rightfully entitled to fuel tax credits, other taxpayers are claiming the credit erroneously. (Sorry, no matter how many potholes are in the expressway by the end of a Midwestern winter, that driving does not qualify as off-road.) Before you try and make that argument, remember the IRS lacks of a sense of humor and that fraud involving the fuel tax credit is considered a frivolous tax claim and can result in a penalty of $5,000

But I don't think our returns with Line A of our Schedule C reading Landscape/Lawn Maintenance would pop a flag.

They are saying in that article that "normal" people are claiming off highway use when they are infact using the highway.
We were audited in 2008 for 2005-2006 and the off road credit was not even an issue
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