Im a freight conductor that is away from home days at a time. What deductions am I allowed to file?

Im a freight conductor that is away from home days at a time. What deductions am I allowed to file? Freight conductor needs to know what deductions am I allowed to file.

I stay in hotels days at a time, I spend cash for food, clothing,work boots, electronics, etc. , that the railroad doesn't supply but is needed for the functions of a conductor. Asked by newuser9212795 44 months ago Similar questions: im freight conductor home days time deductions allowed file Transportation.

Similar questions: im freight conductor home days time deductions allowed file.

Deductions of Freight Charges for Late Delivery Shipments from the Appraised Value of Merchandise This is in response to your memorandum dated September 9, 1992, forwarding the request for reconsideration or clarification, or in the alternative, the request for internal advice, dated May 29, 1992, submitted by counsel on behalf of their client, xxxxxxxxxxxxxxxxxxxx Counsel's submission follows the issuance of HRL 544646 (December 23, 1991), a ruling issued in response to Further Review Protest (FRP) xxxxxxxxxxxxxx which was also filed by counsel on behalf of xxxxxxxxxxxxxx, the importer. We regret the delay in responding. FACTS:In both HRL 544646 and under the instant circumstances, the importer contracts with various sellers for the purchase of wearing apparel on an FOB basis.

The delivery dates are specified by purchase order. The importer has late delivery agreements with the various sellers with whom it does business. The late delivery agreements state that if the seller fails to make delivery within 15 calendar days of the quoted completion date and if the importer agrees to accept late delivery, then the seller is obligated to ship the merchandise by air and to assume the cost of the air freight in excess of the sea freight which the importer would have paid had the merchandise been shipped by ocean on an FOB basis.In HRL 544646 the goods were shipped freight collect.

The terms of payment were by Letter of Credit with the importer securing from the manufacturer, directly or through its buying agent, a refund for the cost of the air freight, minus the average amount of the sea freight which the importer would have paid had the delivery been timely. In that ruling Customs found that "the file, contracts and late delivery agreement do not indicate that the change in delivery terms was ever reflected as a change in the price actually paid or payable." Even though the parties to the contract entered into the late delivery agreement prior to the exportation of the goods, no adjustments for freight charges could be made to the transaction value because there was insufficient evidence to support a finding that the freight charges had been included in the price actually paid or payable for the imported merchandise.

Sources: http://www.faqs.org/rulings/rulings1995HQ545121A.html .

Details below Advertising Vehicle expenses (at actual miles or standard mileage deduction)Commissions and Fees to sales people and agentsContract labor (includes contractors on whom you filed Form 1099-MISC). Depletion, depreciation, and Section 179 expensesEmployee benefits Insurance, including malpractice, property insurance, but not health insuranceInterest on mortgages and other business debtsLegal and Professional feesOffice expensesPension and profit-sharing plansRent or lease of vehicles or other business equipmentRepairs and MaintenanceSupplies, including office suppliesTaxes and licensesTravel expenses(at 100%), meals and entertainment (at 50%)UtilitiesWagesOther - including bank fees, uniforms and clothing, dues for clubs and organizations, internet and web site charges, books,magazines, and software, phone and cell phone costs Sources: http://biztaxlaw.about.com/od/irstaxformsquicktips/ht/schedulecform.htm .

I have a tax guy who does everything for me every year. He is available 365 days a year to answer questions and help me organize my investments and so on so that I can be best prepared every year to pay as little as I am legally responsible for. For all of this service, he charges less than $400 a year.

Find a good tax man and let him figure it out for you. All I can say is that my guy has saved me more than $400 a year every year since I've been going to him. Rich people are rich not because they know more than you, but they know who knows more than they do.

They consult with the best lawyers, tax guys, and Doctors. They pay for that privilage and that is why they earn more than you do. Insted of trying to wing it, get someone who knows a lot more than you do and use him.

Good luck.

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