Which Mooney

[mike_elliott]

11 minutes ago, Danb said:

Thats a sticky one Mike, in order to deduct unreimbursed travel it has to be for the benefit of the employer. In this situation a wacko IRS agent would or could argue the travel was for the individuals reasons. The code is written to benefit the gov't unfortunately.

Agreed, but in the scenario in mentioned of Ryoder who otherwise would to go thru a corporate travel agency who would make it a 13 to 18 hour journey to get from zepherhills to tuskeegee for business, If he were to use his own plane and go to his work in Tuskeegee for his employer, would it not pass muster that this trip is for the sole benevolence of his employer and his employer's policy prevents being re-imbursed? And as such, could he possibly use the GSA published POV re-imbursement rate for planes to deduct off of his taxes without enraging the wacko IRS agent? (if that is ever possible)

[N601RX]

47 minutes ago, gsxrpilot said:

In a former life, I would use my plane and would report mileage as if I drove my car. I could come very close to covering the cost. I figured I wanted the hours anyway, and this just made them a lot cheaper.

 Much easier to get forgiveness than permission. 

[M20F]

28 minutes ago, mike_elliott said:

If he were to use his own plane and go to his work in Tuskeegee for his employer, would it not pass muster that this trip is for the sole benevolence of his employer and his employer's policy prevents being re-imbursed?

No because the litmus is ordinary and necessary.  His employer does not require the use of his airplane for this trip, does not have a policy of reimbursement, and provided alternative means for him, thus it is not a necessary use it would be voluntary use.  Not an accountant but this is how it was explained to me. 

[mike_elliott]

1 minute ago, M20F said:

No because the litmus is ordinary and necessary.  His employer does not require the use of his airplane for this trip, does not have a policy of reimbursement, and provided alternative means for him, thus it is not a necessary use it would be voluntary use.  Not an accountant but this is how it was explained to me. 

Sad,, the gubbermint would make Ryoder spend 12-18 hours to get somewhere his employer needs him at when he could get there in 2.5 in his C and be back home that same day. Then he would have to spend another 12-18 to get back. Yet, they publish the POV GSA re-imbursement rates. I guess there are only 2 things wrong with them, they are itchy and don't flush well.....

[M20F]

Just now, mike_elliott said:

Sad,, the gubbermint would make Ryoder spend 12-18 hours to get somewhere his employer needs him at when he could get there in 2.5 in his C and be back home that same day. Then he would have to spend another 12-18 to get back. Yet, they publish the POV GSA re-imbursement rates. I guess there are only 2 things wrong with them, they are itchy and don't flush well.....

I think GSXRPilot posted the winning solution though it is not without peril.  Remember none of this stuff really is ever an issue till there is an incident, YMMV.

[Bob_Belville]

Chances of being audited is pretty slim these days. Unless you're tea party. 

[gsengle]

And thanks GOP, audits can result in loss of passport...

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[M20F]

14 minutes ago, gsengle said:

And thanks GOP, audits can result in loss of passport...

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Failure to pay your taxes can result in the loss of your passport, not an audit.

http://www.wsj.com/articles/americans-pay-your-taxes-or-lose-your-passport-1447971424

[gsengle]

More power to the IRS either way! Just ironic given who it's coming from...

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[Danb]

2 hours ago, Bob_Belville said:

Chances of being audited is pretty slim these days. Unless you're tea party. 

Bob, so true generally about 1 percent or less for 'ordinary people'.  The emphasis is back on S -Corporations, the thing to remember is while the audit rate is at an all time low, the tracing and request for proof of certain items of neglect is at an all time high. Travel and entertainment is on their hit list, although I'd bet the chance of being caught is still minimal. There is enough though to keep idiots like myself busy, what a waste of money.

[ryoder]

I once worked for SAIC and they allowed us to fill out s form showing that accepting 32c a mile is cheaper than flying and renting a car.  I did it every month as I commute from PA to NC.  It was 1000 miles round trip and I was paid $320.  The flight was always about four to five hundred and the car was around two hundred for the week.  I got 25 mpg and gas as about $1.50 a gallon so I used $60 in gas and pocketed $260.  They didn't have to know I was driving.  I could have taken a bus or walked or flown my own airplane.  My current employer doesn't have this option.  My coworker asked if he could use his 182 and was told no.  We have so many regulations it's better to not even ask.