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Old 09-14-2006 | 04:23 PM
  #81  
Bitme
Gets Weekends Off
 
Joined: Jul 2006
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From: A300 Captain
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Originally Posted by TonyC
You use your deviation bank to buy a $400 ticket to MEM to begin a RES period. You owe the IRS taxes on $400 at your rate. So what? You owe them for the same thing you did last year and the year before that, and that has nothing to do with FedEx or Colorado law or the RLA or the phase of the moon. It's Federal Tax law. Now you'll be in compliance..
This may be incorrect according to another thread. Commuting to base to begin a trip may not fall into this reporting requirement. Commuting to base for training will. Twice a year. Wow.
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