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Posted by Arthur Kamlet on June 25, 2008, 9:47 pm
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>
>
>Harlan Lunsford wrote:
>
>> Gasoline is 3.87 per gallon here in Phenix City, so the slower you
>> go, the more gas (includes taxes!) you save.
>
>In August I wrote about the tradeoff between speed, increasing your MPG,
>and the time you lose. The bottom line was that slowing down from 65 to
>55 takes average MPG from 27 up to 32, and to go 55 miles, you trade 9
>minutes for .47 gal of gas. Now, that's $1.82 or $12/hr. It really
>depends how you value your time.
>
>http://www.blog.joetaxpayer.com/archives/25
But that's a nontaxable $12/hour :^)
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
--
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Posted by Seth on June 26, 2008, 1:53 pm
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>>Harlan Lunsford wrote:
>>
>>> Gasoline is 3.87 per gallon here in Phenix City, so the slower you
>>> go, the more gas (includes taxes!) you save.
>>
>>In August I wrote about the tradeoff between speed, increasing your MPG,
>>and the time you lose. The bottom line was that slowing down from 65 to
>>55 takes average MPG from 27 up to 32, and to go 55 miles, you trade 9
>>minutes for .47 gal of gas. Now, that's $1.82 or $12/hr. It really
>>depends how you value your time.
>>
>>http://www.blog.joetaxpayer.com/archives/25
>
>But that's a nontaxable $12/hour :^)
Unless the travel is deductible and you use actual cost.
Seth
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Harlan Lunsford on June 25, 2008, 10:57 pm
Please log in for more thread options joetaxpayer wrote:
>
>
> Harlan Lunsford wrote:
>
>> Gasoline is 3.87 per gallon here in Phenix City, so the slower you
>> go, the more gas (includes taxes!) you save.
>
> In August I wrote about the tradeoff between speed, increasing your MPG,
> and the time you lose. The bottom line was that slowing down from 65 to
> 55 takes average MPG from 27 up to 32, and to go 55 miles, you trade 9
> minutes for .47 gal of gas. Now, that's $1.82 or $12/hr. It really
> depends how you value your time.
>
> http://www.blog.joetaxpayer.com/archives/25
>
Excellent analysis, joe. It would depend on whether or not I had client
work to do for which I could bill at my usual hourly rate. Otherwise,
I have all the time in the world, enough to last me the rest of my life.
ChEAr$,
Harlan
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Dick Adams on June 24, 2008, 1:09 am
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>> I've personally never met a receptionist/consultant.
> Okay, well how about this? A receptionist working through
> a temp agency. The temp agency handles all the withholdings,
> unemployment taxes and so forth. Is mileage deductible for
> the excess (if any) miles driven to the salon versus if they
> drove to the temp agency?
>
> Maybe I am just using the wrong terminology.
The answer to almost all tax question is "It depends."
You have found one of the clear exceptions. It doesn't
matter what terminology you use, the answer is still no
because the salon, not the temp agency, is the taxpayer's
place of regular work hours.
Dick
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
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Posted by Dick Adams on June 24, 2008, 1:03 am
Please log in for more thread options Being able to claim a home office and finding ways
to deduct commuting expenses are amongst my favorite
subjects.
Regardless of who is and who is not a independent
contractor, the general rule is commuting expenses
are not deductible. One exception is that the first
trip of the day and the last trip of the day are
commuting - during the day trips are business
expenses.
Before you salivate, an IRS auditor will get a warm
glow in her/his eyes if you claim your first trip
and/or last trip was to walk into your home office,
stop at post office, or to attend a professional
association meeting.
If it is the first/last trip is not billable time,
the glow in the auditor's eyes will be similar to
the look in a lioness' eyes as she observes a herd
of dinner moving into her territory.
Dick
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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