Gas receipts for tax purposes?

Discussion in 'Business Operations' started by johntx14, Mar 19, 2012.

  1. johntx14

    johntx14 LawnSite Member
    Posts: 18

    For tax purposes do the gas receipts need to show the amount of gallons.
     
  2. orangemower

    orangemower LawnSite Silver Member
    from pa
    Posts: 2,773

    No.........
    Posted via Mobile Device
     
  3. weeze

    weeze LawnSite Fanatic
    Posts: 8,535

    keep up with mileage driven not gas purchased on your truck. as far as mower gas that's a different story since it's not covered under mileage.
     
  4. yardguy28

    yardguy28 LawnSite Platinum Member
    Posts: 4,464

    yep that's what I do. turn in my mileage.
     
  5. TLS

    TLS LawnSite Fanatic
    Posts: 7,940

    For mower gas, you need to keep track of gallons for credit for tax on fuels (Form 4136). You can deduct the federal taxes on fuel.

    Truck gas is deductible as long as your not using standard mileage.
     
  6. Richard Martin

    Richard Martin LawnSite Fanatic
    Posts: 14,700

    Unless you take expenses rather than the mileage. I take mileage.
     
  7. weeze

    weeze LawnSite Fanatic
    Posts: 8,535

    yeah you can take the expenses you spent on gas but you come out better claiming the mileage. at least in my experience. it's best to take mileage on the truck and use expenses on mower gas rather than using expenses for all of it.
     
  8. yardguy28

    yardguy28 LawnSite Platinum Member
    Posts: 4,464

    personally I turn in my mileage on my truck since its both a personal and work truck.

    fuel on equipment is just included in my expenses for the season.
     
  9. K & K Mowing

    K & K Mowing LawnSite Member
    Posts: 133

    Milage for your truck. Fuel cost ($) for your equipment. Gallons not needed
     
  10. weeze

    weeze LawnSite Fanatic
    Posts: 8,535


    yeah i do the same.
     

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