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View Full Version : Airline Tax Recommendations


pilot207
01-04-2018, 12:27 AM
Hey guys, since it's the new year and taxes are coming soon, I was just wondering if anyone could recommend any airline tax services for pilots. Just thinking of using a different person this year who can hopefully save more on taxes. Thanks guy!


Zenofzin
01-04-2018, 08:03 AM
Hey guys, since it's the new year and taxes are coming soon, I was just wondering if anyone could recommend any airline tax services for pilots. Just thinking of using a different person this year who can hopefully save more on taxes. Thanks guy!

Do TurboTax yourself, itís simple, they offer online and phone help. My friend is a CPA, they simply enter the vast majority of their clients info into TurboTax and charge $$ per form. Heís told me honestly 75% of their clients donít need him, itís the fear factor. Unless you have any complicated business issues or property investments on the side itís easy. Most any questions you can answer online, if you find a guy thatís suddenly ďsavingĒ you a lot more proceed with caution. Iíve flown with guys that write off stuff that would get them in a world of hurt if they were audited.

qball
01-04-2018, 08:17 AM
And besides. You are supposed to want to pay more in taxes...not less. Don't be selfish and try to keep more of the money you earn. Fare share and all that. 😜


full of luv
01-04-2018, 09:45 AM
Hey guys, since it's the new year and taxes are coming soon, I was just wondering if anyone could recommend any airline tax services for pilots. Just thinking of using a different person this year who can hopefully save more on taxes. Thanks guy!

Contact prodiem online to get a report of all your deductible per-diem from the year and plug that right into turbo tax. Last year to do that apparently, talk about putting a business out of business with one tax law change!

Zenofzin
01-04-2018, 10:43 AM
Contact prodiem online to get a report of all your deductible per-diem from the year and plug that right into turbo tax. Last year to do that apparently, talk about putting a business out of business with one tax law change!

I started hitting the AMT a few years ago and lost that deduction, along with many others. I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.

PotatoChip
01-04-2018, 11:01 AM
Do TurboTax yourself, itís simple, they offer online and phone help. My friend is a CPA, they simply enter the vast majority of their clients info into TurboTax and charge $$ per form. Heís told me honestly 75% of their clients donít need him, itís the fear factor. Unless you have any complicated business issues or property investments on the side itís easy. Most any questions you can answer online, if you find a guy thatís suddenly ďsavingĒ you a lot more proceed with caution. Iíve flown with guys that write off stuff that would get them in a world of hurt if they were audited.

This. Iíve used an airline specialist CPA and am happier with TT.
Itís not complicated and they offer help.
Now if you have a side business, do lots of contract flying, own 11 properties you rent out, and invested lottery winnings in bitcoin, you may want to speak with someone.

Twin Wasp
01-04-2018, 12:00 PM
I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.

No, that whole deduction is gone starting this year. No more form 2106 Employee Business Expenses for anyone.

Unkown Rider
01-08-2018, 04:00 PM
Hey guys, since it's the new year and taxes are coming soon, I was just wondering if anyone could recommend any airline tax services for pilots. Just thinking of using a different person this year who can hopefully save more on taxes. Thanks guy!

I'm a pilot with a tax practice specializing in audit representation and international tax preparation. I am also CFP and have a Treasury license to represent people in federal tax matters which is recognized in all 50 states.. We can help.

Another guy mentioned that the Form 2106 Un-reimbursed Employee expenses are going away-this is TRUE. I'm attending annual continuing education classes right now and the last 5 days have been covering all the tax law changes.

The employee expense deduction is suspended from 01/01/2018 until 12/31/2025. NO MORE PER DIEM DEDUCTION or any other expenses like medical, headset, uniforms, UNION DUES.. This is a really bad deal for pilots & cabin crew.

I don't know what the forum advertising rules are, so pm me and I'll get back to you if you want us to work on your tax return. Post any tax questions here and I'll answer them for the benefit of all the pilots.

If an Admin reads this, please contact me if any of this violates the terms or policies of the forum.

zoomie78
01-17-2018, 03:58 AM
If you are Delta or AA try onlineperdiem.com free to use instant report, just upload your schedule. Other airlines, you can manually enter your layovers, but still get an instant report.

sailingfun
01-17-2018, 06:52 AM
I started hitting the AMT a few years ago and lost that deduction, along with many others. I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.

You lost the deduction for federal taxes but not for state taxes. If you have failed to enter all deductions on your federal form youíre way overpaying your state taxes.

trout
01-24-2018, 09:45 AM
Can commuters claim deductions for cost of crashpads and POV travel?

Unkown Rider
01-24-2018, 09:58 PM
Can commuters claim deductions for cost of crashpads and POV travel?

No, under the rules you cannot. That said, lots of guys do it and others have heard they get away with it so they conclude that it is legit. It is not.

The place you normally report to work is your "Tax Home" the cost to get to your tax home is a commuting expense, so whether you drive across town to the office or you jumpseat and get a crashpad, the cost of getting to your "Tax Home" from your abode is considered a commuting expense and is specifically excluded and never deductible.

This was not my idea, I just pass it along to the fellas. If you get popped for an audit, message me, I handle these audits often and can do alot with per diem, and bids, assignments, and the contract to mitigate what the IRS says you might owe. I'm not advertising, I'm trying to help.

trout
01-25-2018, 02:27 AM
Thanks for the info.

Battlinbear21
02-01-2018, 02:19 AM
No, under the rules you cannot. That said, lots of guys do it and others have heard they get away with it so they conclude that it is legit. It is not.

The place you normally report to work is your "Tax Home" the cost to get to your tax home is a commuting expense, so whether you drive across town to the office or you jumpseat and get a crashpad, the cost of getting to your "Tax Home" from your abode is considered a commuting expense and is specifically excluded and never deductible.

This was not my idea, I just pass it along to the fellas. If you get popped for an audit, message me, I handle these audits often and can do alot with per diem, and bids, assignments, and the contract to mitigate what the IRS says you might owe. I'm not advertising, I'm trying to help.


Thank you for your help and Info. Just a quick question about this ďtax homeĒ Iím based In Philly but I only worked 4 days out of phl in 2017. Iím FT in training so I go to phx dfw clt for for all my work. I never Got a parking pass so I uber Sometimes or pay for parking if i didnít coordinate a ride. Can any of this be deducted or does it all fall into the same commuting expense. Thank you very much for the help!

Unkown Rider
02-01-2018, 04:12 PM
Thank you for your help and Info. Just a quick question about this ďtax homeĒ Iím based In Philly but I only worked 4 days out of phl in 2017. Iím FT in training so I go to phx dfw clt for for all my work. I never Got a parking pass so I uber Sometimes or pay for parking if i didnít coordinate a ride. Can any of this be deducted or does it all fall into the same commuting expense. Thank you very much for the help!

Before I go too deep into this one, this only applies to last year. Beginning January 01st, 2018 none of this matters much if you are a W-2 employee because unreimbursed employee business expenses are suspended until 12/31/2025... So no more Per Diem, no mobile phone, no internet, physical, headset, nada...Its all gone. Talk to your union if you don't like it, but you cannot deduct anything for digging into your own pocket anymore if you are W-2 employee.

Your tax home is where you normally report for work. If you are on assignment to a temporary job site and the assignment is expected to last less than 1 year, and in fact does last less than one year, you are entitled to deduct the costs incurred at the temporary job site and any mileage while at the temporary job site.
The temporary job site ceases to be temporary when the assignment goes longer than 1 year or when it is expected to go longer than one year, then it becomes your new tax home.

It is about your facts and circumstances. If your paystub says you are paid in Philadelphia PA, and you have taxes for Philly & PA withheld, then you have some strong evidence Philadelphia PA is your tax home. Keep good records, monthly bids, awards, and calendars.

This is a difficult topic, let me know if you need more clarification.

-Cheers

jonnyjetprop
02-06-2018, 03:49 PM
Thank you for your help and Info. Just a quick question about this ďtax homeĒ Iím based In Philly but I only worked 4 days out of phl in 2017. Iím FT in training so I go to phx dfw clt for for all my work. I never Got a parking pass so I uber Sometimes or pay for parking if i didnít coordinate a ride. Can any of this be deducted or does it all fall into the same commuting expense. Thank you very much for the help!

Youíre still employed in the air transportation industry and you should be treated like a pilot. Your tax home should still be your primary residence, not PHL. Your commuting expenses are not tax deductible. This includes parking and/or Uber rides to your airport.

Twin Wasp
02-07-2018, 02:48 AM
As UR said, your "tax home" per the IRS is where you are based. If AA considers a PHL based pilot, your tax home is PHL whether you live there, San Fran or Timbuktu.



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