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View Full Version : Taxes


nightfreight
02-05-2008, 07:58 AM
I haven't ever itemized my pilot deductions before. I always add ALPA dues, but that usually about does it. I've heard about people itemizing their cell phones, computers, internet service, etc. Also having a company or computer program that helps deduct travel costs vs. per diem. I heard this could add up if you travel internationally, can anybody verify this??


Just wondering if it worth it to use a tax service or just use turbo tax...

Thanks


MaydayMark
02-05-2008, 08:03 AM
I always add ALPA dues, but that usually about does it. I've heard about people itemizing their cell phones, computers, internet service, etc. Also having a company or computer program that helps deduct travel costs vs. per diem. I heard this could add up if you travel internationally, can anybody verify this??




I do all of that plus dry cleaning expenses, cable TV (part of it for aviation weather), cell phone (for RSV/DFT trips), luggage, uniform expenses exceeding the reimbursable amount ...

I have not however found a legitimate way to deduct items such as my crash pad or airport car??? Any suggestions??? :eek:

nitefr8r
02-05-2008, 08:12 AM
Anything that you use for your job can arguably be deducted as a misc. business expense. Example include those mentioned, second phone lines, new uniforms (above whatever your company pays), notebook computers you use for work, cellphones (on reserve?), professional organizations and periodicals (Aviation Week, for those who can still stomach it), etc.

You can always hire a tax guy and go through this with her/him as well ... and you'll get a better answer.


nightfreight
02-05-2008, 08:13 AM
Mark, do you do your own taxes or use a service???

FDXLAG
02-05-2008, 08:20 AM
I did use the www.pro-diem.com (http://www.pro-diem.com) people for the first time this year. Added about $600 to my refund and I had a light schedule last year. Two thumbs up for the $50 service.

b2pilot186
02-05-2008, 08:48 AM
I did use the www.pro-diem.com (http://www.pro-diem.com) people for the first time this year. Added about $600 to my refund and I had a light schedule last year. Two thumbs up for the $50 service.

I'll second that...great and prompt service.

B2P

Magenta Line
02-05-2008, 08:59 AM
Cell phone, computer plus programs (BidBest, etc...), I bought a back-up hard drive last year and itemized that also, ISP I also claim, uniform dry cleaning (yes, even the pittance at SFS), uniforms over the company limit, cab fares I had to pay when I didn't have a dev bank to cover them, mileage to/from the arpt for work, and last year I bought a backup pair of Rx glasses to put in my bag, claimed those too. All of this I claimed as a professional business expense.

I couldn't figure out either how to claim an airporter car and I no longer have a crashpad.

The per diem deduction has a potential to be huge. For example, the US Gov't ALLOWABLE daily per diem rate (from the IRS.gov site) in KIX is $191.00 per day as of 1Dec07. FedEx only pays $64.80 max per day ($2.70 x 24 hrs). In '07, pilots are allowed to claim 75% of the difference (in '08 it goes to 80%). See your tax guy/gal, your mileage may vary, I stayed at a Holiday Inn Express last night, yada, yada, yada.......

jdec141
02-05-2008, 09:04 AM
my cpa noticed a few years back that the perdiem recap pages on the fdx website show the difference between the govt allowable and what the company pays on the page itself. I just go through and subtract the difference and add them all up for the year. It is already calculated to the hour. This year you are allowed to claim 75% of this and next year it goes to 80%

Logs
02-05-2008, 09:31 AM
Tips to ground transportation drivers ...

Chainsaw
02-05-2008, 09:34 AM
Is the tax savings that much for only domestic routes? Thanks.

TX1522
02-05-2008, 09:36 AM
Is that difference still on the per diem recap summary? Thanks.

pig on the wing
02-05-2008, 09:52 AM
How do you file the difference in per diem? I use H&R block online. We take the number in 12 L of our w2 and subtract that from our actual per diem allotments (I use ex perdiem) but then what section do I report this under the itemization?
Thanks

Andrew_VT
02-05-2008, 10:11 AM
Cell phones...Computers...Sunglasses...Backup harddrives...Van tips...

If I knew tax codes better I'd say you guys were crazy. Where in your companies FOM does it say you need those things (I've been told thats the litmus test)? Seems ballsy to me.

FDXLAG
02-05-2008, 10:41 AM
How do you file the difference in per diem? I use H&R block online. We take the number in 12 L of our w2 and subtract that from our actual per diem allotments (I use ex perdiem) but then what section do I report this under the itemization?
Thanks


You report it on form 2106.

Lawn-Dart
02-05-2008, 10:42 AM
Check out this cool article found on the ALPA website. Pretty good info...

http://www.alpa.org/desktopmodules/alpa_documents/alpa_documentsview.aspx?itemid=1165&moduleid=1532&tabid=256

pig on the wing
02-05-2008, 11:00 AM
thanks guys!

TridentP
02-08-2008, 10:12 AM
I just did my taxes with the Tax office on base and I asked a few questions.

I could not claim mileage to work for "normal" work days.

I could not claim my computer, computer repair, or cell phone.. unless my work "required" those things... not just "made it easier." It also had to be used "exclusively" for work, not personal use.

So.. check up on that stuff guys. It may go through, and in 2 years you'll get an audit. I suggest getting professional guys to do your taxes! Well worth the money and keeps you safe.

Boom Boom
02-10-2008, 06:00 AM
my cpa noticed a few years back that the perdiem recap pages on the fdx website show the difference between the govt allowable and what the company pays on the page itself. I just go through and subtract the difference and add them all up for the year. It is already calculated to the hour. This year you are allowed to claim 75% of this and next year it goes to 80%


On Pay-Recap, how do you tell the GOVT amount? Is that the Xcluable #? I haven't claimed per diem before but now that I am turning good coin want to get back what is rightfully mine..

Thanks BB

Wild Bill
05-28-2008, 05:14 AM
The per diem recap for each month can be found at:

https://pilot.fedex.com/vips-bin/vipscgi?webpdp