Witch Hunt?(Fedex commuting expense tax fcif)
07-26-2010, 05:26 PM
#3
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Joined APC: Apr 2006
Position: MD-11 Captain
Posts: 4,304
I'm not so sure it's a witch hunt. Might just be the company covering their "behind" in case they get an IRS audit?
Would a pilot ever fudge on their tax return? Probably not?
I vividly remember this subject coming up at a union meeting. The union officer made it clear that it was up to the crew member to designate the airline ticket as taxable income and that no one was ever going to check ...
Would a pilot ever fudge on their tax return? Probably not?
I vividly remember this subject coming up at a union meeting. The union officer made it clear that it was up to the crew member to designate the airline ticket as taxable income and that no one was ever going to check ...
07-26-2010, 06:28 PM
#5
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Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
Originally Posted by MaydayMark
I'm not so sure it's a witch hunt. Might just be the company covering their "behind" in case they get an IRS audit?
Would a pilot ever fudge on their tax return? Probably not?
I vividly remember this subject coming up at a union meeting. The union officer made it clear that it was up to the crew member to designate the airline ticket as taxable income and that no one was ever going to check ...
Would a pilot ever fudge on their tax return? Probably not?
I vividly remember this subject coming up at a union meeting. The union officer made it clear that it was up to the crew member to designate the airline ticket as taxable income and that no one was ever going to check ...
07-26-2010, 06:43 PM
#6
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Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
Originally Posted by The Walrus
OK, I'll start the thread. What's with the commuting expense tax fcif? Sounds like somebody is being hunted down.
07-26-2010, 08:37 PM
#7
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Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Love the scenarios they give us, but what if I'm on reserve and they DH me to my home, or I'm in the midst of a sequence and they DH me back to Memphis and I turn to a different city.
If I consult a tax rep for those situations, what makes them think I'm not declaring it appropriately on my taxes. I might not want FedEx witholding more bucks from the salary.
If I consult a tax rep for those situations, what makes them think I'm not declaring it appropriately on my taxes. I might not want FedEx witholding more bucks from the salary.
07-27-2010, 03:21 AM
#8
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Joined APC: Sep 2006
Position: Retired
Posts: 3,717
From what I've read, and I'm no financial or legal guy, any ticket bought to or from your home of record, that takes you either to or from your domicile, for the purpose of starting a FedEx activity or takes you back to your home of record, after a trip or activity has ended in your domicile, is taxable.
A ticket bought for the purpose of taking you from your domicile, or a field location, to your home of record, for the purpose of starting a FedEx activity (flight, training, etc) is considered a deadhead expense and as such is non-taxable. The same would be said for a ticket from your home of record to a location, which is not your domicile, for the purpose of starting a FedEx activity (flight/training/etc.) would be also be considered a deadheading expense and not taxable.
The interesting part would be justifying a misstatement on your expense report. Although the company might consider your misstatement a falsification of company documents, I believe they are not on a witch hunt and would probably be inclined to believe your statement, if you can back it up with some sort of documentation, such as a note from your tax consultant. That said, it seems that this issue is not going away and you will always be under the watchful eye of company auditors, whose job it is to make sure that the company doesn't get into trouble with the IRS.
JJ
A ticket bought for the purpose of taking you from your domicile, or a field location, to your home of record, for the purpose of starting a FedEx activity (flight, training, etc) is considered a deadhead expense and as such is non-taxable. The same would be said for a ticket from your home of record to a location, which is not your domicile, for the purpose of starting a FedEx activity (flight/training/etc.) would be also be considered a deadheading expense and not taxable.
The interesting part would be justifying a misstatement on your expense report. Although the company might consider your misstatement a falsification of company documents, I believe they are not on a witch hunt and would probably be inclined to believe your statement, if you can back it up with some sort of documentation, such as a note from your tax consultant. That said, it seems that this issue is not going away and you will always be under the watchful eye of company auditors, whose job it is to make sure that the company doesn't get into trouble with the IRS.
JJ
07-27-2010, 05:02 AM
#9
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Joined APC: Sep 2007
Position: 747 FO
Posts: 937
Originally Posted by Jetjok
From what I've read, and I'm no financial or legal guy, any ticket bought to or from your home of record, that takes you either to or from your domicile, for the purpose of starting a FedEx activity or takes you back to your home of record, after a trip or activity has ended in your domicile, is taxable.
A ticket bought for the purpose of taking you from your domicile, or a field location, to your home of record, for the purpose of starting a FedEx activity (flight, training, etc) is considered a deadhead expense and as such is non-taxable. The same would be said for a ticket from your home of record to a location, which is not your domicile, for the purpose of starting a FedEx activity (flight/training/etc.) would be also be considered a deadheading expense and not taxable.
The interesting part would be justifying a misstatement on your expense report. Although the company might consider your misstatement a falsification of company documents, I believe they are not on a witch hunt and would probably be inclined to believe your statement, if you can back it up with some sort of documentation, such as a note from your tax consultant. That said, it seems that this issue is not going away and you will always be under the watchful eye of company auditors, whose job it is to make sure that the company doesn't get into trouble with the IRS.
JJ
A ticket bought for the purpose of taking you from your domicile, or a field location, to your home of record, for the purpose of starting a FedEx activity (flight, training, etc) is considered a deadhead expense and as such is non-taxable. The same would be said for a ticket from your home of record to a location, which is not your domicile, for the purpose of starting a FedEx activity (flight/training/etc.) would be also be considered a deadheading expense and not taxable.
The interesting part would be justifying a misstatement on your expense report. Although the company might consider your misstatement a falsification of company documents, I believe they are not on a witch hunt and would probably be inclined to believe your statement, if you can back it up with some sort of documentation, such as a note from your tax consultant. That said, it seems that this issue is not going away and you will always be under the watchful eye of company auditors, whose job it is to make sure that the company doesn't get into trouble with the IRS.
JJ
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