All Hokie, All the Time. Period.

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Joined: 08/08/2003 Posts: 5982
Likes: 2868

Not a CPA and didn't even sleep at a Holiday Inn last night

but I think this exemplifies one of the reasons some of the tax law changed. You stated you received untaxed income to cover car expenses, then want to deduct car expenses you do have.

Unless you are an independent contractor and file a business Schedule C why should you get to deduct expenses you've already been paid for?

I really don't mean this to come across snarky, but new code does seem a little simpler - I mean why waste effort counting up pennies, nickles and dimes (then spend money having government "verify" it) when we can just give everyone two quarters. Helps some, hurts some - more efficient for all.

(In response to this post by MP4VT2004)

Posted: 02/12/2019 at 2:19PM


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Current Thread:
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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