Witch Hunt?(Fedex commuting expense tax fcif)
07-27-2010, 01:29 PM
#12
Gets Weekends Off
Joined APC: Sep 2006
Position: Retired
Posts: 3,717
I guess what I was trying to say was:
1. If you're commuting to work (or training), where that work (or training) is in domicile, and you buy a ticket with company funds, that ticket is a taxable expense to you.
2. If you complete your work assignment (or training), in domicile, and buy a ticket home, with company funds, that ticket is a taxable expense to you.
3. If you buy a ticket to a location, not your domicile, to start the revenue portion of your flight pairing (or to start training), that ticket, purchased with company funds is non-taxable to you.
4. If you complete your work assignment (flight pairing or training), not in domicile, and purchase a ticket with company funds to take you home, that ticket is non-taxable to you.
5. If you're in the middle of a pairing and have to commute (deadhead) from one city to another to pick up the next revenue leg of your pairing, that ticket, purchased with company funds is non-taxable to you.
JJ
1. If you're commuting to work (or training), where that work (or training) is in domicile, and you buy a ticket with company funds, that ticket is a taxable expense to you.
2. If you complete your work assignment (or training), in domicile, and buy a ticket home, with company funds, that ticket is a taxable expense to you.
3. If you buy a ticket to a location, not your domicile, to start the revenue portion of your flight pairing (or to start training), that ticket, purchased with company funds is non-taxable to you.
4. If you complete your work assignment (flight pairing or training), not in domicile, and purchase a ticket with company funds to take you home, that ticket is non-taxable to you.
5. If you're in the middle of a pairing and have to commute (deadhead) from one city to another to pick up the next revenue leg of your pairing, that ticket, purchased with company funds is non-taxable to you.
JJ
07-27-2010, 01:59 PM
#13
Slainge Var'
Joined APC: Oct 2006
Position: Zeppelin Tail Gunner
Posts: 1,530
Here's one for the pilot lounge lawyers. Say you use your bank money to get to work. Then, for whatever reason,(drop/sick/dead) you miss the trip with the associated bank money and can't use it. At the end of the month, your deviation bank is $0, but you owe the company $XXX which they dutifully deduct from your pay. I can't imagine how that would be a taxable event. They bought the ticket and you paid them back in full. Had you been able to use the bank, they would've bought the ticket and you would've paid nothing. Where am I wrong with this logic?
07-27-2010, 02:11 PM
#14
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Here's one for the pilot lounge lawyers. Say you use your bank money to get to work. Then, for whatever reason,(drop/sick/dead) you miss the trip with the associated bank money and can't use it. At the end of the month, your deviation bank is $0, but you owe the company $XXX which they dutifully deduct from your pay. I can't imagine how that would be a taxable event. They bought the ticket and you paid them back in full. Had you been able to use the bank, they would've bought the ticket and you would've paid nothing. Where am I wrong with this logic?
07-27-2010, 03:17 PM
#15
Part Time Employee
Joined APC: Jul 2006
Position: Dispersing Green House Gasses on a Global Basis
Posts: 1,918
Here's one for the pilot lounge lawyers. Say you use your bank money to get to work. Then, for whatever reason,(drop/sick/dead) you miss the trip with the associated bank money and can't use it. At the end of the month, your deviation bank is $0, but you owe the company $XXX which they dutifully deduct from your pay. I can't imagine how that would be a taxable event. They bought the ticket and you paid them back in full. Had you been able to use the bank, they would've bought the ticket and you would've paid nothing. Where am I wrong with this logic?
Thus, if you don't have a deviation bank, to pay for the ticket, there is nothing to move to taxable income and no tax incurred.
You still need to answer the question with "yes" if it involves commuting to or from base (bank money or not) to prevent the chance of the LK types from coming after you later.
07-27-2010, 04:42 PM
#16
Line Holder
Joined APC: Sep 2006
Position: B-777 F/O
Posts: 65
Also, if you use your bank to get between a Military Reserve job (or any second job) and your Domicile I believe the IRS doesn't count this as a taxable benefit--so why would you report it as taxable and allow withholding of your money. Don't give the IRS a interest free loan.
Just quoting my tax guy; your tax adviser may say otherwise.
Just quoting my tax guy; your tax adviser may say otherwise.
07-28-2010, 10:19 AM
#17
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,199
I guess what I was trying to say was:
1. If you're commuting to work (or training), where that work (or training) is in domicile, and you buy a ticket with company funds, that ticket is a taxable expense to you.
2. If you complete your work assignment (or training), in domicile, and buy a ticket home, with company funds, that ticket is a taxable expense to you.
3. If you buy a ticket to a location, not your domicile, to start the revenue portion of your flight pairing (or to start training), that ticket, purchased with company funds is non-taxable to you.
4. If you complete your work assignment (flight pairing or training), not in domicile, and purchase a ticket with company funds to take you home, that ticket is non-taxable to you.
5. If you're in the middle of a pairing and have to commute (deadhead) from one city to another to pick up the next revenue leg of your pairing, that ticket, purchased with company funds is non-taxable to you.
JJ
1. If you're commuting to work (or training), where that work (or training) is in domicile, and you buy a ticket with company funds, that ticket is a taxable expense to you.
2. If you complete your work assignment (or training), in domicile, and buy a ticket home, with company funds, that ticket is a taxable expense to you.
3. If you buy a ticket to a location, not your domicile, to start the revenue portion of your flight pairing (or to start training), that ticket, purchased with company funds is non-taxable to you.
4. If you complete your work assignment (flight pairing or training), not in domicile, and purchase a ticket with company funds to take you home, that ticket is non-taxable to you.
5. If you're in the middle of a pairing and have to commute (deadhead) from one city to another to pick up the next revenue leg of your pairing, that ticket, purchased with company funds is non-taxable to you.
JJ
...an IRS law.
Not smart to try and get around this guys.
07-28-2010, 10:22 AM
#18
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,199
You're using FEDEX $$ to get to your home domicile where you are based with FEDEX --- FEDEX and the IRS don't care what you were doing in the other city.
If what you stated is true --- the union lawyers should work to clarify this (in writing) for all the Reserve/Guard guys.
...and thanks to all of you for your continued dedicated service to our armed forces and our nation.
Thread
Thread Starter
Forum
Replies
Last Post
