Sole Proprietorship Tax Question

This past year I worked as an independant contractor for a in-home tutoring service....I recieved a 1099-MISC for this income. I have to file a 1040 this year, not my usual 1040A.

I have to fill out Schedule C or C-EZ with my 1040. I was wondering if I could subtract my round-trip commutting miles to and from my client's home as business expenses to calculate my total profit? I have very detailed records and invoices of my visits and I have each and everyone of their address to get my round trip mileage. I assume I would use the 44 1/2 cent per mile rate?

I think I'm doing it right but I'm not sure......Anyone know anything about this?

I guess I'm going to have to call the IRS, accountant, or H&R Block......:confuse:

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Originally Posted by Mendel's Balls

This past year I worked as an independant contractor for a in-home tutoring service....I recieved a 1099-MISC for this income. I have to file a 1040 this year, not my usual 1040A.

I have to fill out Schedule C or C-EZ with my 1040. I was wondering if I could subtract my round-trip commutting miles to and from my client's home as business expenses to calculate my total profit? I have very detailed records and invoices of my visits and I have each and everyone of their address to get my round trip mileage. I assume I would use the 44 1/2 cent per mile rate?

I think I'm doing it right but I'm not sure......Anyone know anything about this?

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I believe you can. Gas to and from your point of work is a legit write off in my book. However stopping and get a Playboy and 6-pack isn't legit for a write off ;)

Thanks Voit....Appreciate the feedback....Mike.

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Originally Posted by Mendel's Balls

Thanks Voit....Appreciate the feedback....Mike.

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Np. I figure if the courts for jury summons/duty give ya payment for miles driven to the court house, I think it's a pretty sure thing for your line of work with tutoring the miles you put on your vehicle are a write off.

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Originally Posted by Mendel's Balls

I guess I'm going to have to call the IRS, accountant, or H&R Block......:confuse:

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Let me get this straight ... you post a question at around midnight on a Saturday night and because you don't get a response within 62 minutes you're giving up?

Relax ... take a deep breath ... there are a lot of smart people on this board and a bunch with a background in taxes ... they'll hook you up, you just have to wait for them to get online. :D

Remember, the glass is half full! :D :sweeet:

-adam

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Originally Posted by Adam_Wysocki

Let me get this straight ... you post a question at around midnight on a Saturday night and because you don't get a response within 62 minutes you're giving up?

Relax ... take a deep breath ... there are a lot of smart people on this board and a bunch with a background in taxes ... they'll hook you up, you just have to wait for them to get online. :D

Remember, the glass is half full! :D :sweeet:

-adam

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Good advice....but I assure you I'm not giving up....but your right my timing isnt the best.......I think I'm headed for the sack right now too.....I feel as though I got something I accomplished.....I got my total commuting miles calculated!

Now excuse me while I do my best immitation of princess and the pea <------

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Originally Posted by Vomitore

I believe you can. Gas to and from your point of work is a legit write off in my book. However stopping and get a Playboy and 6-pack isn't legit for a write off ;)

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Actually that depends. In my situation at my job when I write off my mileage the IRS does not allow you to write of the miles from home to work only the miles you drive from your first stop to your last, then from the last to home is not allowable.

If that was the case most everyone could write off their miles to and from work. It's the miles you drive once you get to work that are allowable in my case.

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Originally Posted by jotay

Actually that depends. In my situation at my job when I write off my mileage the IRS does not allow you to write of the miles from home to work only the miles you drive from your first stop to your last, then from the last to home is not allowable.

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Yep, that's how it works for everyone. From the first house to the last house acts as a tax deduction but to and from your house does not.

And there are two methods for deduction. The actual amount is the total amount you spent on "business travels". The standard deduction is the miles you drove multiplied by a certain value the IRS releases every year (44.5 cents for 2006).

Just remember, you can deduct ALL types of automobile related expenses. For example, if you drove 10,000 miles in 2006, and 5,000 of those miles were business miles, half of all automobile related expenses can be deducted (oil changes, insurance, new parts, licensing fees etc).

If you kept receipts on everything, it is typically best to use actual expenses, as they usually give a bigger write off than the standard deduction.