TaxMan60601

Thanks a lot, KC. "But make sure that he understands that he still has to keep good records. In fact, in an audit, they are going to want to see repair bills to help substantiate the mileage reported." This is the first thing we cleared up after every submited tax return and before sitting for the next one. After a short discussion, it was decided to go on with the actual business expenses reporting as the client is okay with this. Funny but he is kinda man who likes to call the stuff with their real names, you know I must have missed that I.R.B. 10-51. In the same time this Techniques Guide is very useful indeed - the last revision of pub 917 I found was from 1995. Once again, thanks for sharing and sorry for the late post. Case closed.

Hi guys, Greeting to everyone on East Coast. Here's tha case in brief. Taxi driver. Actual expenses reported on last tax return, however changed car on March 1 and wants to avail on standard mileage rate now. Can he and if yes how to report this car change on Sch. C, in ATX? Must he report depreciation on new car if actual car expenses in use? Thanks in adv.

Hey, any news on this?

That's for sure. But just have in mind that French residents, employed in France, are being paid net of social security contributions only. No income tax is deducted at source from their income. It is their responsibility to ensure that they retain sufficient funds to pay the tax liability when this to come - Income tax is paid in the year after the income is earned. So for 2011 income, the tax should be paid in 2012. So, I think you just may report her foreign income but you wont be able to claim any foreign tax credit on her return. Again, you better doublecheck this ...