Airline Tax Recommendations

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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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Quote: 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!
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 $$ per form. He’s told me honestly 75% of their clients don’t need him, it’s the fear factor. Unless you have any complicated business issues or property investments on the side it’s easy. Most any questions you can answer online, if you find a guy that’s suddenly “saving” you a lot more proceed with caution. I’ve flown with guys that write off stuff that would get them in a world of hurt if they were audited.
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And besides. You are supposed to want to pay more in taxes...not less. Don't be selfish and try to keep more of the money you earn. Fare share and all that. 😜
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Quote: Hey guys, since it's the new year and taxes are coming soon, I was just wondering if anyone could recommend any airline tax services for pilots. Just thinking of using a different person this year who can hopefully save more on taxes. Thanks guy!
Contact prodiem online to get a report of all your deductible per-diem from the year and plug that right into turbo tax. Last year to do that apparently, talk about putting a business out of business with one tax law change!
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Quote: Contact prodiem online to get a report of all your deductible per-diem from the year and plug that right into turbo tax. Last year to do that apparently, talk about putting a business out of business with one tax law change!
I started hitting the AMT a few years ago and lost that deduction, along with many others. I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.
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Quote: Do TurboTax yourself, it’s simple, they offer online and phone help. My friend is a CPA, they simply enter the vast majority of their clients info into TurboTax and charge $$ 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.
This. I’ve used an airline specialist CPA and am happier with TT.
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.
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Quote: I suppose they will gain a few of us guys back with the increased AMT tax threshold on the new tax plan.
No, that whole deduction is gone starting this year. No more form 2106 Employee Business Expenses for anyone.
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Tax Questions Answered
Quote: 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!
I'm a pilot with a tax practice specializing in audit representation and international tax preparation. I am also CFP and have a Treasury license to represent people in federal tax matters which is recognized in all 50 states.. We can help.

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.
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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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Quote: 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.
You lost the deduction for federal taxes but not for state taxes. If you have failed to enter all deductions on your federal form you’re way overpaying your state taxes.
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