80 this is a question to you and all the other guys/gals on here getting these tax reports. What do these reports add up? What is the end game on your tax return? Is this the travel, meals, blah blah blah Miscellaneous Deductions from PUB 521 of the IRS? If so does this make a difference on your tax return? I'm not looking for tax advice I'm just curious that if you're a line holder does this make a difference on your tax return?

That's a fact Jack!!:D I'm hoping it's warmed up enough in AMS for some downtown touring. But, happy hour and Thai is always a great time too.

I flew 140 hours last year (unbelievable I know). I did 2 full initial schools - only one was out of base. The month I spent in MSP added up to quite a bit of perdiem.

All told, even as little as I flew, it ended up getting me about $600 back. Well worth the $50 IMO. In past years when I've worked a normal amount (as REG pilot) the difference gets to be significant. You're leaving money on the table if you don't claim the difference between what you receive and what the IRS allows.

Flightline does seem to be getting slower, but I'm a procrastinator anyways so it didn't bother me that it just showed up about 10 days ago :p

My understanding is (not a tax guy, why I take them to someone) is you get the difference between your perdiem and what the State Dept says you should get in a city. IE, I've heard that Tokyo should be around $200 per day.

The report I got back from prodiem showed an $11,000ish biz deduction for last year (less than the year before when I was mostly in Asia). I asked my tax guy if it was worth the $59 that prodiem charged me and he assured me it was.

Ferd

Heyas CNI,

Whether it's worthwhile to do all this is a case of "it depends".

For the last ten years, with the exception of 2 (when I wasn't working), I've been subject to the alternative minimum tax. If you get nailed by the AMT, you lose a good portion of these deductions...per diem, dry cleaning, etc, making it pointless to bother.

I don't have kids, a spouse, a mortgage, failed businesses or a load of debt so I'm a bad, bad person in the eyes of the tax code.

Nu

Envious! There is always non-rev but getting boarded behind a 2012 hire sucks.

Scambo is pondering non-reving in, maybe you can be his "buddy" Don't ask don't tell??:D

Now that is funny. PM me the dates!

Learn to fail more. :D

or buy a jet.