Ugh! Van Is Fixed.

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MIXMASTERMACHOM

MIXMASTERMACHOM

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Oct 16, 2011
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I dropped the van off this morning and just called them back. They told me the water pump was bad. So they replaced that along with an oil change. It cost $400.00. So I'm not having a great day. Well at least one good thing is that the van is fixed and we do have a little job to do this Saturday. Friday I've got to do my best friend's wifes 50th birthday party. It's going to be at the Chateau Of Spain in downtown Newark, NJ. I'm wearing my tux for that occassion.

The van is what is called life on lifes terms. Nothing you can do about that. Crap happens. Thank God it wasn't more serious then that.
 
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Unless you have a vehicle in warranty .. it's going to bite you. A service van is one item that I might consider taking an extended warranty on (assuming a fair price). I had to drop almost $3000 last year on a tranny for my 3rd car (2000 Accord my son drove at school).

Just have to book a couple more gigs to start the fix-it account to get ahead for the next issue ...
 
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Look at the bright side Mix. You now have a $400.00 tax write off!!
 
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MIXMASTERMACHOM said:
I dropped the van off this morning and just called them back. They told me the water pump was bad. So they replaced that along with an oil change. It cost $400.00. So I'm not having a great day. Well at least one good thing is that the van is fixed and we do have a little job to do this Saturday. Friday I've got to do my best friend's wifes 50th birthday party. It's going to be at the Chateau Of Spain in downtown Newark, NJ. I'm wearing my tux for that occassion.

The van is what is called life on lifes terms. Nothing you can do about that. Crap happens. Thank God it wasn't more serious then that.
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Don't feel too bad I just ate a $1200 bill not to long ago for various front end work and tires! Now my regular mechanic don't want it to pass inspection due to a fuse that keeps blowing for some kind of emissions systems BS. My car runs fine, TYVM. Good thing I know a guy.
 
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OK, So if you use your van for both the company & personal use , How much mileage can you write off??
 
sonic-vision said:
OK, So if you use your van for both the company & personal use , How much mileage can you write off??
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No personal mileage .. only recorded (yes you are supposed to have a record) business mileage. On your Schedule C there is a spot for it (total miles, personal miles, business miles) and you get the current mileage rate (I think it's $.51) as a credit against income for the business ones.
 
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(I think it's $.51)
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I believe that is correct for 2012 Schedule C ?
Your business mileage must exceed personal or you get docked.
 
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I write off dog food -- I don't give a flying f_ck about the IRS.

I wrote off a couple hundred in seeds from Amsterdam --pretty good stuff BTW :)

I have no intention of paying for any more wars -- you folks can do that.
 
sonic-vision said:
I believe that is correct for 2012 Schedule C ?
Your business mileage must exceed personal or you get docked.
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There is no requirement business mileage exceed personal mileage .. at least for using the standard deduction rate (which is now .565 / mile). Whether it's 1 mile or 10000, as long as it's provable, it's deductible.

Generally, the issue is are you showing a profit (I believe it's 2 out of the last 3 years or something similar). If you aren't making a profit, you can't deduct.
 
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kittmaster said:
Sounds like it is still far less then a dedicated car/truck payment.
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But, If you lease you can write off the total amount of the payment.

Generally, the issue is are you showing a profit (I believe it's 2 out of the last 3 years or something similar). If you aren't making a profit, you can't deduct.
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Hope that never happens ??
 
sonic-vision said:
But, If you lease you can write off the total amount of the payment.


Hope that never happens ??
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There are rules associated with not using the standard mileage deduction. A certain percentage of the lease, plus maintenance, gas, etc. can be deducted .. it's very complicated and probably best left to an accountant .. thus most take the $.565 cents per mile, which covers gas, and an approximated depreciation and maintenance cost.

See: http://www.irs.gov/publications/p463/ch04.html#en_US_2012_publink100033930

As to the profit thing, there are probably ways around it as well .. it's probably an audit red flag though.
 
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The accountant, That's why he makes the big bucks!!
 
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sonic-vision said:
But, If you lease you can write off the total amount of the payment.
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True, but then you never own it. I can't recall the last car payment I've ever had. Guess I'm old school, would rather own it than rent it.
 
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