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#11
10-31-2001, 09:42 PM
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Email doesn't appear as an option for you, Paul. But the answer is no. Currently we are a sole prop. But I plan on becoming a LLC or something like that very soon.
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Jim Lewis Lewis Landscape Services - Oregon "kickin' grass and takin' names" www.lewislandscape.com - Portland Oregon Landscaping Company landscape design Portland Oregon 
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#12
11-01-2001, 08:08 AM
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Is the insurance on the truck a vehicle expense? I though it was. If so that is at least $1200/year which is 3750 miles plus repairs, tires. Maybe my opinion is biased considering my f250 blew a trans this year and has been a money pit ever since I got it.
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#13
11-01-2001, 12:03 PM
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Yes, insurance is a tax write off if you DON'T use the standard mileage deduction. You can write it off if you use the actual cost method. See this web page for more on this....
http://www.smartmoney.com/tax/homefa...tory=roadrules
__________________
Jim Lewis Lewis Landscape Services - Oregon "kickin' grass and takin' names" www.lewislandscape.com - Portland Oregon Landscaping Company landscape design Portland Oregon
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#14
11-07-2001, 03:19 PM
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So what guys are writing off mileage? It doesn't seem like the way to go unless you have a cheap old truck that doesn't cost you much money to run. If you have a new truck on the other hand you have to put on a lot of miles before you break even. For instance: a $600/month truck payment + insurance will run you around $8200/year. That is 25625 miles at $0.32/mile. That is not even including gas. What are some of you guys putting on your truck for mileage each year. I have a small business and only put on about 10k each year.
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