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#6
02-13-2004, 03:02 AM
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 Re: Mileage deduction "Nan Eklund" <naneklund[at]aol.com> wrote: - quote - > Employees who are reimbursed at less than the 36 cents
Charitable mileage> allowed get the difference. Why not Boy Scouts? -- Regards, Mark Rigotti << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-12-2004, 08:10 AM
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| Re: Mileage deduction Nan Eklund wrote: - quote - > Employees who are reimbursed at less than the 36 cents
Because.... a volunteer driving the boys around is> allowed get the difference. Why not Boy Scouts? not an employee. Harlan Lunsford, EA n lA former Boy Scout, but when he discovered girls, became a "girl" scout, and was in the local troop headed by the grandfather of a fellow who posted here about a month ago. (guess who, Carol.) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-12-2004, 08:10 AM
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| Re: Mileage deduction Mark Rigotti, CPA wrote: - quote - > "SIgnots" <signots[at]aol.comnospam> wrote:
Would love to agree with you, however 14 cents a miles is> > Can anyone settle a friendly argument among members of our > > Boy Scout troop? > > > On A-4 of the 1040 instructions under Contributions You May > > Deduct it says that 'if you drove to and from the volunteer > > work you may take 14 cents a mile or the actual cost of gas > > and oil. <snip> But do not deduct any amounts that were > > repaid to you. > > > Some argue that if you drive and turn in your gas receipts > > (ignoring oil usage) and are reimbursed you can't deduct > > anything. Others argue the 'or' (if you drive 100 miles, > > say, you could deduct $14.00 at 14¢ a mile. If your vehicle > > gets 20mpg you'd use five gallons at, say, $1.60/gallon or > > $8.00 which you'd be reimbursed for by the troop. By this > > reckoning you could still deduct the $6.00 difference > > between the mileage amount and the repaid amount. > > > Which approach is correct? > Your troop reimburses gas? <BG> What a novel thought. > As a CPA I'd say if reimburse, no deduction. more than the gas reimbursement; unless he hauls the troop to the jamboree in a semi! lol Cheer$, Harlan Lunsford, EA n LA and former Life Scout when a boy scout; but then discovered girls and became a "girl" scout. ================================================== ========== Moderator: I was three merit badges short of Eagle when a young girl stole my attention and all of my mental processes. ================================================== ========== << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-11-2004, 03:15 PM
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| Re: Mileage deduction SIgnots wrote: - quote - > Can anyone settle a friendly argument among members of our
that means you may deduct 14 cent per miles less the> Boy Scout troop? > On A-4 of the 1040 instructions under Contributions You May > Deduct it says that 'if you drove to and from the volunteer > work you may take 14 cents a mile or the actual cost of gas > and oil. <snip> But do not deduct any amounts that were > repaid to you. > Some argue that if you drive and turn in your gas receipts > (ignoring oil usage) and are reimbursed you can't deduct > anything. Others argue the 'or' (if you drive 100 miles, > say, you could deduct $14.00 at 14¢ a mile. If your vehicle > gets 20mpg you'd use five gallons at, say, $1.60/gallon or > $8.00 which you'd be reimbursed for by the troop. By this > reckoning you could still deduct the $6.00 difference > between the mileage amount and the repaid amount. > Which approach is correct? reimbusement; or actual costs less the reimbursement. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-11-2004, 01:39 PM
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| Re: Mileage deduction Employees who are reimbursed at less than the 36 cents allowed get the difference. Why not Boy Scouts? Nan, EA in LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-11-2004, 01:39 PM
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| Re: Mileage deduction "SIgnots" <signots[at]aol.comnospam> wrote: - quote - > Can anyone settle a friendly argument among members of our
Your troop reimburses gas? <BG> What a novel thought.> Boy Scout troop? > On A-4 of the 1040 instructions under Contributions You May > Deduct it says that 'if you drove to and from the volunteer > work you may take 14 cents a mile or the actual cost of gas > and oil. <snip> But do not deduct any amounts that were > repaid to you. > Some argue that if you drive and turn in your gas receipts > (ignoring oil usage) and are reimbursed you can't deduct > anything. Others argue the 'or' (if you drive 100 miles, > say, you could deduct $14.00 at 14¢ a mile. If your vehicle > gets 20mpg you'd use five gallons at, say, $1.60/gallon or > $8.00 which you'd be reimbursed for by the troop. By this > reckoning you could still deduct the $6.00 difference > between the mileage amount and the repaid amount. > Which approach is correct? As a CPA I'd say if reimburse, no deduction. -- Regards, Mark Rigotti, CPA - ASM Troop 816 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2004, 12:42 PM
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| Re: Mileage deduction "SIgnots" <signots[at]aol.comnospam> wrote - quote - > On A-4 of the 1040 instructions under Contributions You May
You can't.> Deduct it says that 'if you drove to and from the volunteer > work you may take 14 cents a mile or the actual cost of gas > and oil. <snip> But do not deduct any amounts that were > repaid to you. > Some argue that if you drive and turn in your gas receipts > (ignoring oil usage) and are reimbursed you can't deduct > anything. - quote - > Others argue the 'or' (if you drive 100 miles,
You can deduct the amount of your expenses (or the standard> say, you could deduct $14.00 at 14¢ a mile. If your vehicle > gets 20mpg you'd use five gallons at, say, $1.60/gallon or > $8.00 which you'd be reimbursed for by the troop. By this > reckoning you could still deduct the $6.00 difference > between the mileage amount and the repaid amount. mileage allowance) less what you are reimbursed. So yes, this is acceptable. It's different from above because you weren't reimbursed at your full expense. - quote - > Which approach is correct?
Both.-- Snowmen fall from heaven unassembled. ------------- Paul A. Thomas, CPA taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 07:46 PM
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| Mileage deduction Can anyone settle a friendly argument among members of our Boy Scout troop? On A-4 of the 1040 instructions under Contributions You May Deduct it says that 'if you drove to and from the volunteer work you may take 14 cents a mile or the actual cost of gas and oil. <snip> But do not deduct any amounts that were repaid to you. Some argue that if you drive and turn in your gas receipts (ignoring oil usage) and are reimbursed you can't deduct anything. Others argue the 'or' (if you drive 100 miles, say, you could deduct $14.00 at 14¢ a mile. If your vehicle gets 20mpg you'd use five gallons at, say, $1.60/gallon or $8.00 which you'd be reimbursed for by the troop. By this reckoning you could still deduct the $6.00 difference between the mileage amount and the repaid amount. Which approach is correct? Yours in Scouting, Steve Ignots << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduction, mileage |
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