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Tax right off questions

Discussion in 'Lawn Mowing' started by Caleb12321, Apr 25, 2010.

  1. Caleb12321

    Caleb12321 LawnSite Member
    Messages: 27

    What can you write off on your taxes for the state of Tn?
    i have heard gas and then miles on your vehicle?
    How can you find out for sure?
     
  2. Lawnfella

    Lawnfella LawnSite Member
    Messages: 32

    You can write off a lot of stuff. Too long of a list to post on here. You need to talk to an accountant.
     
  3. Caleb12321

    Caleb12321 LawnSite Member
    Messages: 27

    ok!
    Im trying to research it but no luck finding anything.
     
  4. Tharrell

    Tharrell LawnSite Silver Member
    Messages: 2,967

    Done your taxes for this year? Good, here's what you need to know.
    1 Keep ALL receipts.
    2 Get someone ELSE that gets paid for doing taxes to do your taxes.
    Best money I ever spent, and tax deductible too.
     
  5. Caleb12321

    Caleb12321 LawnSite Member
    Messages: 27

    Should i save my gas receipts? Can i get that back because i heard it was miles but the person wasnt sure.

    I wish there was a list of things you can write off.
    But ill save my receipts from now on
     
  6. JB1

    JB1 LawnSite Fanatic
    Messages: 5,903




    you really need to talk to a tax professional and have all your questiions answered.
     
  7. Tharrell

    Tharrell LawnSite Silver Member
    Messages: 2,967

    Oh yeah!
    Save EVERYTHING.
    You need to find a competent person that knows the landscaping business.
    Ask some of your buddies or ask different business people who they use.
    For instance, I have an old truck that I take mileage on, and a new truck that I
    use fuel receipts for.
    Do yourself a favor now, when you start saving your receipts sort them every month. That will save you aggravation at the end of the year.
    I only pay $150 to get my taxes done. I would pay much more if I had to. It's worth it.
    btw-There is a list, available from the IRS. Do you really have time or want to do that?
     
  8. Caleb12321

    Caleb12321 LawnSite Member
    Messages: 27

    Would that be just someone who does tasex?
     
  9. Caleb12321

    Caleb12321 LawnSite Member
    Messages: 27

    Yeah i have what i made so far this year on the computer and i go by months
     
  10. CLARK LAWN

    CLARK LAWN LawnSite Silver Member
    Messages: 2,526

    no there is a difference between a tax preparer and a CPA. you need a CPA.
    if you use your trruck for both business and personal then you need to keep track of the miles used for business, if you have a separate vehicle like i do, then you can use expenses.
     

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