Corp Side

Corp Side
I work for a major corp. I travel a lot for my car and the airplane what i can claim?

This is a company managing oncology services. I deal with the software for them. I travel to the local level a Florida coast to the other with my own vechicle and also travel out of state with the card companies credit. I also do service calls on the side not related to repair my computer 9-5. But I have little to no record of this year. but Indeed Probally total about 1.5 to 3k on the side. What should I claim?

Assuming that your employer reimburses you for travel expenses using a plan responsibility – and most companies do just that – travel costs are a wash, as long as you use the IRS mileage rate – 48.5 cents per mile for 007. No reporting is required. If you use a different mileage rate you may have a deductible unreimbursed expenses. If more than you may have to report taxable income. If have any unreimbursed expenses you can claim on Form 2106. What happens to the list A as a miscellaneous deduction, with a 2% AGI floor. If you do not itemize, they are not value to you. The revenue side is reported on Schedule C or C-EZ. If you exceed the $ 400 net profit in fiscal year must pay taxes on their own in it too. Attach Schedule SE to calculate the SE tax.