gas boycot

[Cotton eyed Joe]

I drive roughly the same miles a day to work as you do, without extra running around ive been able to make a 1/4 tank  last 1 full week in my 1/2 ton pickup,  that is with me going to work and coming home and nothing else. Im hoping it goes down by the begining the week of the 12th because i start a 60+ mile a day commute to school to get my CDL, it will end up costing more in gas that the class costs if it stays up. How does claming gas on your taxes work as far as for business, scool or other wise?

411074[/snapback]

 

BB, when we claim our gas expenses on our taxes, we keep all of our receipts, and we even write the mileage down. I think we get to write of so much per mile, plus the cost of the fuel.

 

If you're getting your CDL, you know how to run a log book. Also, a good accountant helps. We don't do any of our own business taxes. Theres too much there to get it right and not end up paying a massive penalty.

 

You might be able to search the IRS website even. My wife is an accountant I'll ax her if she knows anything...... .......

 

 

And yes Travis, great minds do think alike

[dune_girl]

  he has older pumps that will not read over $3 a gal and has to update all his pumps or shut down after being in the buisness for about 30 years.  he can't afford to wait and hope it drops below $3 again and stays there.  

411371[/snapback]

 

i was talkin to a guy i work with the other day and his parents who own a small gas station are having the same problems.....right now they're selling gas for $2.99 and all the other stations around here are at $3.19/gallon. But, its going to cost them more to upgrade all of their pumps..kind of a crappy deal

[Toybreaker]

Riddle me this. How is it that if the price of crude goes up $4 a barrel you see a price increase at the pump the next day but if the pirce drops $6 a barrel it takes up to 2 weeks to see it at the pump? WTF?