faking tax.../rant

[jmaister]

My colleagues always say i will get my money back on the car expense....

Here i thought it will be in the form of refund, huge one....

Its not so, it does lower taxable income. But the tax refund is minute compare to whats been spent on the job.
. This facking sucks.

Oh man...losing money on this job big time.

Fack!!!!!



*missed a C in the title

[nmfaxman]

Re: faking tax.../rant

My colleagues always say i will get my money back on the car expense....

Here i thought it will be in the form of refund, huge one....

Its not so, it does lower taxable income. But the tax refund is minute compare to whats been spent on the job.
. This facking sucks.

Oh man...losing money on this job big time.

Fack!!!!!



*missed a C in the title

So why don't you claim the depreciation, fuel and maintenance costs?

[jmaister]

Re: faking tax.../rant

Hmm...perhaps i misunderstood. The claim does come bacn as nkn refundable credit to reduce payable..

Guess i am doing ok as long i am not owing.

As well, need to buy a cheaper car next time... This car payment is killng me in zoom zoom style.