Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Pilot Tax Programs - Recommendations? >

Pilot Tax Programs - Recommendations?

Search
Notices
Money Talk Your hard-earned money

Pilot Tax Programs - Recommendations?

Thread Tools
 
Search this Thread
 
Old 01-06-2016, 03:06 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Apr 2014
Posts: 304
Default Pilot Tax Programs - Recommendations?

Does anyone have a recommendation for a pilot tax program or website they use? What is the cost? Thanks for the info.
Skyler02 is offline  
Old 01-06-2016, 03:38 PM
  #2  
Line Holder
 
Joined APC: Jul 2014
Position: CRJ 700/900
Posts: 94
Default

Speaking to that... If someone uses their flight benefits and they're your "travel partner " do you pay taxes on that?
Ging is offline  
Old 01-06-2016, 03:55 PM
  #3  
Gets Weekends Off
 
Joined APC: Mar 2014
Posts: 3,132
Default

Download the "Standard client organizer"

http://***************/start-the-pro...ownload-forms/

Has pretty much everything you can deduct in it as examples.

You basically add it all up and throw it into the un-reimbursed expense section when it comes to that part of your tax form. It's pretty easy. All the paid preparers do is take all the info you give them and put it in the program, you do 95% of the work adding it all up might as well do the other 5% and save the $200 they charge these days.

Make sure when you enter the per diem you check the transportation worker box as that will give you the 80% deduction vs. the standard 50%. Also make sure you input the companies per diem payout as well as a reimbursed expense.

I have used TurboTax and H&R Block they both do the same thing, I find I like TurboTax more. I use the download to computer version vs. the online only. Now, if you have some complicated tax situations then you need to search out a CPA but if you are like most who just do the normal stuff with maybe a home mortgage too you're fine.

If you can't meet more than the standard deduction just take it and throw everything else out. To be honest unless you pay a decent chunk in home mortgage interest it's tough to hit that.

Edit. I can't link to a website? Holy hell what has this place become? OP go to *************** and under "Start the process" at the bottom click on the download forms link.

Edit 2: Jesus H Christ. pil0t-tax.c0m but replace the zeros with o's. My God.
Name User is offline  
Old 01-06-2016, 04:12 PM
  #4  
Banned
 
Joined APC: Sep 2015
Posts: 519
Default

TurboTax is what I have been using for years. As mentioned above, unless you have some really big deductions, perhaps a mortgage or two, you will most likely be better off taking the standard deduction.
BobJenkins is offline  
Old 01-06-2016, 04:14 PM
  #5  
Banned
 
Joined APC: Sep 2015
Posts: 519
Default

Another question as pertains to 121 taxes... Are there any circumstances where one finds they can claim driving mileage deductions?
BobJenkins is offline  
Old 01-06-2016, 04:23 PM
  #6  
Gets Weekends Off
 
Joined APC: Feb 2007
Position: FO
Posts: 3,033
Default

Originally Posted by BobJenkins View Post
Another question as pertains to 121 taxes... Are there any circumstances where one finds they can claim driving mileage deductions?
You used you're own car for business purposes and were not reimbursed.

Example, you were assigned to go talk at a school to recruit pilots. You drove your own vehicle and weren't given any reimbursement.

According to the court cases listed here commuting expenses are not tax deductible.
Flight Crew Deductions - Tax Court Rulings - Watson CPA Group

I used this per diem calculator the past couple years.

Free Per Diem Calculator - Pilot Per Diem - Flight Attendant Per Diem - Airline Per Diem

I'm not a tax professional, so seek professional advice. That's my disclaimer.

Also, I use freetaxusa for taxes

Last edited by BlueMoon; 01-06-2016 at 04:48 PM.
BlueMoon is offline  
Old 01-06-2016, 04:24 PM
  #7  
Gets Weekends Off
 
HuskerAv8tor's Avatar
 
Joined APC: Feb 2013
Position: 737
Posts: 142
Default

Try ezperdiem.
HuskerAv8tor is offline  
Old 01-06-2016, 04:24 PM
  #8  
Permanent Reserve
 
navigatro's Avatar
 
Joined APC: Aug 2007
Posts: 1,677
Default

Originally Posted by BobJenkins View Post
Another question as pertains to 121 taxes... Are there any circumstances where one finds they can claim driving mileage deductions?
1. get tax advice from a CPA, not a pilot.

2. the answer to your question is generally no (for driving/commuting to work). There are some exceptions:

a. driving directly from 1 job to a second job (different employer) on the same day

b. driving for a volunteer job at a charitable organization

c. driving to a military reserve/guard job (different rules if >100 miles)

d. you have a legitimate business and the car is used for that, and not reimbursed by someone.

https://www.irs.gov/publications/p463/ch04.html
navigatro is offline  
Old 01-06-2016, 04:25 PM
  #9  
Gets Weekends Off
 
Joined APC: Dec 2005
Position: 7ER B...whatever that means.
Posts: 3,967
Default

Originally Posted by HuskerAv8tor View Post
Try ezperdiem.
I'll second ezperdiem. Been using them for years. Works great.

Full disclosure: I know the guy personally that owns and runs it. Real smart when it comes to taxes for transportation workers. I think he even has a service for truckers and railroad employees.
freezingflyboy is offline  
Old 01-06-2016, 04:31 PM
  #10  
Banned
 
Joined APC: Sep 2015
Posts: 519
Default

I was thinking more of a reimbursable thing like driving from HQ to an outlying base. I don't really see where that would apply in the 121 world like it might in the 135 world. Just thought I'd ask.

FWIW, commuting from home to HQ is not a deduction. But commuting from HQ to another base to fly from there is.

Originally Posted by BlueMoon View Post
You used you're own car for business purposes and were not reimbursed.

Example, you were assigned to go talk at a school to recruit pilots. You drove your own vehicle and weren't given any reimbursement.

According to the court cases listed here commuting expenses are not tax deductible.
Flight Crew Deductions - Tax Court Rulings - Watson CPA Group

I used this per diem calculator the past couple years.

Free Per Diem Calculator - Pilot Per Diem - Flight Attendant Per Diem - Airline Per Diem

I'm not a tax professional, so seek professional advice. That's my disclaimer.
BobJenkins is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
kwri10s
Cargo
34
11-27-2014 03:05 PM
⌐ AV8OR WANNABE
Cargo
61
03-19-2009 08:40 AM
vagabond
Money Talk
0
12-20-2007 10:49 AM
SWAjet
Money Talk
2
04-15-2007 12:34 PM
vagabond
Money Talk
0
03-04-2007 11:17 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices