Planning on becoming O/O with a promaster. Been working for fleet owners so I know the business.
I have a few questions on the taxes....
They have to do with the mileage deduction....looks like last year it was 53.5cpm can be written off.
Do I need to form a LLC to claim this deduction or can it be done just by the broker paying me as a independent contractor?
When I do this deduction, am I still able to claim my meal allowance 80% of $63 a day or whatever it is now?
when I do this...
Read more
I have a few questions on the taxes....
They have to do with the mileage deduction....looks like last year it was 53.5cpm can be written off.
Do I need to form a LLC to claim this deduction or can it be done just by the broker paying me as a independent contractor?
When I do this deduction, am I still able to claim my meal allowance 80% of $63 a day or whatever it is now?
when I do this...
Read more