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tax ?

Discussion in 'Business Operations' started by scagman52, Jan 26, 2008.

  1. scagman52

    scagman52 LawnSite Senior Member
    Posts: 356

    Hello..Just wondering if you wright off the actual cost for fuel or do you file for a tax credit on feul? Can you do both? Thanks
  2. IN2MOWN

    IN2MOWN LawnSite Platinum Member
    Posts: 4,993

    I write off every single drop of gas I use.

    BUCKEYE MOWING LawnSite Bronze Member
    Posts: 1,169

    Get an accountant and let them handle it ....
  4. deereequipment

    deereequipment LawnSite Senior Member
    Posts: 370

    you can't do both. If you are talking about vehicle usage only, you can use actual expenses, or use the mileage.
    For equipment, you can only use actual expense.

    Get an accountant, well worth the money spent.
  5. Exact Rototilling

    Exact Rototilling LawnSite Fanatic
    Posts: 5,362

    I list a limited amount of gas on my supplies. If you ever get audited and you show receipts for 500 gallons of gas for your mowers . . . ? I think the IRS would understand a reasonable amount on your supplies.

    I do my taxes as I if I was going to be audited regardless.
  6. LawnGuy73

    LawnGuy73 LawnSite Bronze Member
    Posts: 1,945

    Who pays taxes?

    Just kidding....My accountant gets a big old stack of reciepts and takes care of all that for me.

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