Airline Tax Recommendations
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!
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Originally Posted by pilot207
(Post 2495017)
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!
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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. 😜
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Originally Posted by pilot207
(Post 2495017)
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!
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Originally Posted by full of luv
(Post 2495361)
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!
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Originally Posted by Zenofzin
(Post 2495212)
Do TurboTax yourself, it’s 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. He’s told me honestly 75% of their clients don’t need him, it’s the fear factor. Unless you have any complicated business issues or property investments on the side it’s easy. Most any questions you can answer online, if you find a guy that’s suddenly “saving” you a lot more proceed with caution. I’ve flown with guys that write off stuff that would get them in a world of hurt if they were audited.
It’s 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. |
Originally Posted by Zenofzin
(Post 2495406)
I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.
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Tax Questions Answered
Originally Posted by pilot207
(Post 2495017)
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!
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. |
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.
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Originally Posted by Zenofzin
(Post 2495406)
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.
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