[quote]countingbeans wrote:
[quote]pittbulll wrote:
I agree my world is pretty straight forward , not a lot of smoke and mirrors like accounting .[/quote]
You haven’t the slightest idea what you are talking about, but this is typical for you.
You mean he gets paid like every single other employee of the company, before debtors and the government?
Shocking!
Those evil 1%'s think they get equal treatment under the law, how absurd.
[/quote]
I do not know many Officers making minimum wage
[quote]countingbeans wrote:
You haven’t the slightest idea what you are talking about, but this is typical for you.
[/quote]
I know the tax code is nothing but smoke and mirrors , I must admit I only know how to add up my income and subtract my operating expense and to turn that information to an accountant or I guess I could buy Turbo tax
Oh you want an example of smoke and mirrors
Why can I deduct my vehicle which is crucial for me to earn a living when self employed ?
But I can not deduct my vehicle which is crucial for me to earn a living when I work for some one else ?
I must admit I don’t understand that
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I agree my world is pretty straight forward , not a lot of smoke and mirrors like accounting .[/quote]
You haven’t the slightest idea what you are talking about, but this is typical for you.
You mean he gets paid like every single other employee of the company, before debtors and the government?
Shocking!
Those evil 1%'s think they get equal treatment under the law, how absurd.
[/quote]
I do not know many Officers making minimum wage
[/quote]
you mean, it doesn’t matter what wage you make, you are equal under the law?!?!?!
OMG!
What is wrong with this country?
[quote]pittbulll wrote:
Why can I deduct my vehicle which is crucial for me to earn a living when self employed ?
But I can not deduct my vehicle which is crucial for me to earn a living when I work for some one else ?
[/quote]
Because you are a fucking idiot.
Commuting to and from work isn’t a deductible expense in either case. Commuting is not considered a business expense. The ride, expense, use, or anything related to the drive from your driveway to the main office of your employer isn’t deductible. (If you don’t have a main off, the trip to the job site is commuting and non-deductible as well.)
However, whether self employed or W2 employee, business use of your vehicle is deductible. Those would be the trips from the office to the job site in which you use your personal vehicle for business use as a W2 employee.
Now, only a fucking moron would choose to deduct this rather than get a reimbursement for business use of personal vehicle from their employer. Out of all the clients my firm services there isn’t a single one that doesn’t reimburse employees for business use of their vehicle.
So, in short, that isn’t “smoke and mirrors”. It is you being totally ignorant of the topic you try and speak about.
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I agree my world is pretty straight forward , not a lot of smoke and mirrors like accounting .[/quote]
You haven’t the slightest idea what you are talking about, but this is typical for you.
You mean he gets paid like every single other employee of the company, before debtors and the government?
Shocking!
Those evil 1%'s think they get equal treatment under the law, how absurd.
[/quote]
I do not know many Officers making minimum wage
[/quote]
you mean, it doesn’t matter what wage you make, you are equal under the law?!?!?!
OMG!
What is wrong with this country?[/quote]
I have been the CEO of 3 Corporations 
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Why can I deduct my vehicle which is crucial for me to earn a living when self employed ?
But I can not deduct my vehicle which is crucial for me to earn a living when I work for some one else ?
[/quote]
Because you are a fucking idiot.
Commuting to and from work isn’t a deductible expense in either case. Commuting is not considered a business expense. The ride, expense, use, or anything related to the drive from your driveway to the main office of your employer isn’t deductible. (If you don’t have a main off, the trip to the job site is commuting and non-deductible as well.)
However, whether self employed or W2 employee, business use of your vehicle is deductible. Those would be the trips from the office to the job site in which you use your personal vehicle for business use as a W2 employee.
Now, only a fucking moron would choose to deduct this rather than get a reimbursement for business use of personal vehicle from their employer. Out of all the clients my firm services there isn’t a single one that doesn’t reimburse employees for business use of their vehicle.
So, in short, that isn’t “smoke and mirrors”. It is you being totally ignorant of the topic you try and speak about. [/quote]
You better tell my accountant . As i recall it took a few years to write of my Pick Up Truck , gas was an expense as I recall , Insurance was an expense as I recall
[quote]pittbulll wrote:
I have been the CEO of 3 Corporations :)[/quote]
Didn’t you in some other thread already mention that you employed a grand total of zero people other than yourself?
Not really in the same ball park, but okay… Whatever.
[quote]countingbeans wrote:
[quote]pittbulll wrote:
I have been the CEO of 3 Corporations :)[/quote]
Didn’t you in some other thread already mention that you employed a grand total of zero people other than yourself?
Not really in the same ball park, but okay… Whatever. [/quote]
At one time when I was DBA I employed 3 other contractors . But yes I was basically self employed operating as an LLC
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Why can I deduct my vehicle which is crucial for me to earn a living when self employed ?
But I can not deduct my vehicle which is crucial for me to earn a living when I work for some one else ?
[/quote]
Because you are a fucking idiot.
Commuting to and from work isn’t a deductible expense in either case. Commuting is not considered a business expense. The ride, expense, use, or anything related to the drive from your driveway to the main office of your employer isn’t deductible. (If you don’t have a main off, the trip to the job site is commuting and non-deductible as well.)
However, whether self employed or W2 employee, business use of your vehicle is deductible. Those would be the trips from the office to the job site in which you use your personal vehicle for business use as a W2 employee.
Now, only a fucking moron would choose to deduct this rather than get a reimbursement for business use of personal vehicle from their employer. Out of all the clients my firm services there isn’t a single one that doesn’t reimburse employees for business use of their vehicle.
So, in short, that isn’t “smoke and mirrors”. It is you being totally ignorant of the topic you try and speak about. [/quote]
You better tell my accountant . As i recall it took a few years to write of my Pick Up Truck , gas was an expense as I recall , Insurance was an expense as I recall
[/quote]
Again, you don’t fucking have a single clue as to what you are talking about. All that shit is limited by “business use”. I don’t care if you spend $200,000 on your vehicle. If your business miles are 10% of the miles you put on your car you can only legally deduct $2,000.
So, if your “accountant” didn’t know that, he is a moron too. If you only had one vehicle, and took it home at night and still claimed 100% of the expenses, congratulations, you just admitted to tax fraud on the internet.
2 of those I was working as a retailer in the Real Estate market
[quote]pittbulll wrote:
http://www.section179.org/awesome_vehicles_that_qualify_as_a_write_off.html[/quote]
This is still subject to business use limitations.
I’m going to continue the personal insults every time you try and talk about things you don’t understand.
Yes, I’m trying to make you “shut up” about it, because you look like an idiot and are spreading misinformation.
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Why can I deduct my vehicle which is crucial for me to earn a living when self employed ?
But I can not deduct my vehicle which is crucial for me to earn a living when I work for some one else ?
[/quote]
Because you are a fucking idiot.
Commuting to and from work isn’t a deductible expense in either case. Commuting is not considered a business expense. The ride, expense, use, or anything related to the drive from your driveway to the main office of your employer isn’t deductible. (If you don’t have a main off, the trip to the job site is commuting and non-deductible as well.)
However, whether self employed or W2 employee, business use of your vehicle is deductible. Those would be the trips from the office to the job site in which you use your personal vehicle for business use as a W2 employee.
Now, only a fucking moron would choose to deduct this rather than get a reimbursement for business use of personal vehicle from their employer. Out of all the clients my firm services there isn’t a single one that doesn’t reimburse employees for business use of their vehicle.
So, in short, that isn’t “smoke and mirrors”. It is you being totally ignorant of the topic you try and speak about. [/quote]
You better tell my accountant . As i recall it took a few years to write of my Pick Up Truck , gas was an expense as I recall , Insurance was an expense as I recall
[/quote]
Again, you don’t fucking have a single clue as to what you are talking about. All that shit is limited by “business use”. I don’t care if you spend $200,000 on your vehicle. If your business miles are 10% of the miles you put on your car you can only legally deduct $2,000.
So, if your “accountant” didn’t know that, he is a moron too. If you only had one vehicle, and took it home at night and still claimed 100% of the expenses, congratulations, you just admitted to tax fraud on the internet. [/quote]
My vehicle when self employed was pretty much exclusive to my business , At present I have a Toy Tacoma as personal and and MR2 that is pretty much exclusive for transportation to and from the place I earn an income
[quote]countingbeans wrote:
[quote]pittbulll wrote:
http://www.section179.org/awesome_vehicles_that_qualify_as_a_write_off.html[/quote]
This is still subject to business use limitations.
I’m going to continue the personal insults every time you try and talk about things you don’t understand.
Yes, I’m trying to make you “shut up” about it, because you look like an idiot and are spreading misinformation. [/quote]
That is my point it is easy to use one vehicle for one purpose , no rocket science to that
Beans I’ve been driving to and from work for years. What form do I need to fill out to get the government to cover 100% of the cost of my vehicle at the time of its purchase?
Thanks
[quote]countingbeans wrote:
Yes, I’m trying to make you “shut up” about it, because you look like an idiot and are spreading misinformation. [/quote]
the fact I can not write off as a business expense for being employed that I can for being self employed .that is a fact
[quote]pittbulll wrote:
[quote]countingbeans wrote:
Yes, I’m trying to make you “shut up” about it, because you look like an idiot and are spreading misinformation. [/quote]
the fact I can not write off as a business expense for being employed that I can for being self employed .that is a fact [/quote]
He already covered this.
[quote]csulli wrote:
Beans I’ve been driving to and from work for years. What form do I need to fill out to get the government to cover 100% of the cost of my vehicle at the time of its purchase?
Thanks[/quote].
You need a business , buy the vehicle in the business’s name and just use it for business .
It is written off over a few years , I believe it is called a Capital expense
[quote]pittbulll wrote:
My vehicle when self employed was pretty much exclusive to my business[/quote]
Impossible. But the IRS isn’t going to audit a little guy for that.
[quote] , At present I have a Toy Tacoma as personal and and MR2 that is pretty much exclusive for transportation to and from the place I earn an income
[/quote]
Neither are deductible whether self employed or not. Commuting is not business use.
[quote]pittbulll wrote:
[quote]csulli wrote:
Beans I’ve been driving to and from work for years. What form do I need to fill out to get the government to cover 100% of the cost of my vehicle at the time of its purchase?
Thanks[/quote].
You need a business , buy the vehicle in the business’s name and just use it for business .
It is written off over a few years , I believe it is called a Capital expense
[/quote]
No, dipshit, it’s called depreciation expense.