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[b] This article was attached to my AOL Main Screen and I figured I better copy and paste just incase you have not seen it. This With an increased enforcement budget, the IRS is threatening to conduct more audits. Should you be worried? Resisting any moves toward tax hikes, the Bush...

Hi All, It seems that this topic had come up a couple of times this year, [b]If you are using the Standard Mileage Rate for 2005 Business Miles you must break down the number of miles due to the Increase on Oct 1, 2005. The Mileage rates are as follows for tax year 2005 Only : From January...

[b] * Maximum Per Diem Rates Updated * * The IRS has released Rev. Proc. 2005-67 updating the maximum per diem rates for meals and lodging. The updated per diem rates are released each year in October. Taxpayers have the option of using the updated amounts for the period beginning October 1...

[B]I attended a Tax Seminar in Balitmore, this past Monday and Tueday, Sept 26th & 27th, and in that seminar I have found out some very impoortant information regarding any O/O's who have had there Accountant set up an "S" Corporation for them. If any of you have not been contacted by your in...

Gas Prices Push IRS to Temporarily Up Rate Sept. 12, 2005 (Associated Press) — The Internal Revenue Service, reflecting higher prices at gas pumps nationwide, on Friday increased the mileage reimbursement rate that workers claim when using personal cars for work...

This message is for Andrew Wetz, I received your e-mail in reference to subject above, I sent it to the e-mail address you sent it from [email protected] but it cam back as user not known, so I am asking you to re-email and I will try again Frank

HI ALL, IF BULLRUSH CAN'T HELP ME TO GET A COPY OF THE CCM MEMO THAT RELIEVED HIM OF THE STANDADARD MILEAGE DISALLOWANCE ON HIS TAX RETURN A COUPLE OF YEARS AGO, THEN THERE IS ANOTHER PERSON THAT I WISH TO THANK FOR THAT INFORMATION HER NAME IS MARIGIE, THE CCM/CCA IS IRS CCA 1997-40...

THIS IS A NOTICE THAT WAS PASSED FOR ALL OWNERS OF HEAVY EQUIPMENT VEHICLES WHO MAKE OUT A FORM 2290 AND HAVE TO PAY $550.00 HIGHWAY USE TAX IN FULL * * Heavy Vehicle Use Tax Must be Paid in Full * * The IRS is reminding truckers and other owners of heavy highway vehicles that they may no...

THIS ONE IS FOR BULLRUSH, I HAVE POSTED A COUPLE OF REQUESTS FROM HIM IN REFERENCE TO THE IRS (CCM) MEMO CONCERING THE STANDARD MILEAGE DEDUCTIONS. I WOULD NEED A COPY OF THAT MEMO INORDER FOR MY CLEINT TO BE ABLE TO TAKE THE STANDARD MILEAGE DEDUCTION THAT THEY ARE DISALLOWING FOR THIS...

* Major Changes With Revised Form 2290 * * The IRS noted major changes beginning with Form 2290, Heavy Highway Vehicle Use Tax Return, due for the period July 1, 2005 through June 30, 2006. The American Jobs Creation Act of 2004 eliminated the election to pay the tax due in installments...

I Recieved a e-mail from OOIDA about the fuel surcharges, I copied and Pasted to this meassage: National CALL-TO-ACTION On March 10th, the U.S. House of Representatives passed H.R. 3, also known simply as "The Highway Bill". Section 4139 of that bill says that all motor carriers, brokers...

Hi All, For those of you you are interested in how to run a trucking business or starting one up. Volvo and Overdrive Magazine produced a book in 2001 telling and suggesting what you would have to do in order to start a trucking business as an owner/operator. The Manuel is still available...

Hi all, There will be available again this year for all a Income tax orginizer and deduction listing for you to request by sending an e-mail to me at [[email protected]] with your home address, Frank Katz Frank's Tax & Business Service 226 S. Cherokee ST. Kings Mountain,NC 28086 704-739-4039 Fax...

I wish everyone a very Happy New Year Frank Katz

HI ALL,' THE WEBSITE FOR THE DOT, DEPARTMENT OF LABOR IN THE CODE OF FEDERAL REGULATIONS ARE AS FOLLOW, BUT HTEY ARE ALL FOUND UNDER THIS WEB-SITE [http://frwebgate1.access/gpo.gov] WHEN CONNECTED ON THE PAGE AT THE TOP LOOK AT THE TOP OF THE PAGE AND SCROLL DOWN IN RESOURSE BY TOPIC TO...

IRS SETS OPTIONAL MILEAGE RATES FOR 2005 IR-2004-139, Nov. 17, 2004 WASHINGTON — The Internal Revenue Service today released the optional standard mileage rates to use for 2005 in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense...

Hello all, The old per diem rates are changing, I do not have the exact amount at the present time. but it might stay at the current rate of $41, $ $46.00 Canada. Since it was raised last year $1.00 Last year from January 1- Oct 31 the per diem rate was $ 40.00 per day, From Nov, 1 thur...

HI ALL, THIS IS AN UPDATE TO THE PER-DEIM FOR 2004 AND STANDARD MILEAGE DEDUCTION AMOUNTS THE MOST IMPORTANT ITEM IS THIS: YOU MUST KEEP YOUR LOGBOOKS FOR A PERIOD OF NOT LESS THAN 3 YEARS IF A COMPANY DRIVER AND UP TO 10 YEARS IF AN OWNER OPERATOR THE PERDEIM FIGURES FOR 2004 AND THE ACTUAL...

THE NEW PER DIEM RATE FOR ALL DRIVERS IS $41.00, U.S. AND $46.00 CANADA. AS OF NOVEMBER 1, 2003 SO IF YOUR ACCOUNTANT OR TAX PREPARER DID NOT TAKE THE NEW DIEM AS OF NOVEMBER 1, YOU WOULD BE ENTITLED TO IT AND FILE AN AMENDED RETURN. EVEN THOUGH ITS ONLY A DOLLAR PER DAY IT STILL WOULD GIVE YOU...

HI ALL AGAIN, JUST GOT SOME IMPORTANT INFORMATION CONCERNING THE PER DIEM DEDUCTION WHICH WAS UPDATED. IN PUBLICATION # 463 TRAVEL, GIFT AND ENTERTAIMENT EXPENSES. THE STANDARD PER DEIM DEDUCTION FOR THE FOLLOWING DATES ARE AS FOLLOWS: JANUARY 1, 2003-OCTOBER 31, 2003 TOTALING 299 DAYS...