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Common Tax Phrases for
Pilots and Flight Attendants
2% Limit
A.G.I. (Adjusted Gross Income)
Above the Line Deductions
Accountable Plan
Actual Cost Meal Deduction
Adequate Records
Alternative Minimum Tax
Below the Line Deductions
CONUS
CPA (Certified Public Accountant)
City-by-City
Commuting Expenses
D.O.T. (Department of Transportation)
Day Trips
Department of State
Displaced
Documentary Evidence
Domicile
Effective Date
Effective Tax Rate
Employee Business Expenses
Enrolled Agent
Expiration Date
General Services Agency
Gross Income
Hours of Service Limits
IRS
IRS Form 1040
IRS Form 2106
IRS Publication 1542
IRS Publication 463
IRS Publication 529
Incidental Expenses
Indefinate Duty
Itemized Tax Deduction
Itenerant
M&IE
Meals
Necessary Expense
Non Taxable Per Diem
Nonaccountable Plan
OCONUS
Ordinary Expense
Per Diem
Per Diem Calculator
Per Diem Deduction
Per Diem Rates
Personal Expense
Prorate
Recordkeeping
Reimbursement
Rest
Schedule A
Seasonal End Date
Seasonal Start Date
Special Per Diem Rates
Standard Deduction
Standard Meal Allowance
Standard Per Diem Rates
Substantiated Expenses
TDY
Tax Attorney
Tax Audit
Tax Bracket
Tax Credit
Tax Deduction
Tax Home
Tax Liability
Tax Preparer
Tax Software
Taxable Income
Taxable Per Diem
Temporary Duty
Transition Period
Transportation Workers
Travel Expenses

IRS Publication 529 (Miscellaneous Tax Deductions)

IRS Publication 529 contains the rules and regulations governing miscellaneous tax deductions, many of which apply to flight crew taxes. IRS Publication 529 is important because many of the unreimbursed employee business expenses that can or cannot be deducted are listed with in it. While the tax deduction list in IRS Publication 529 is somewhat general, it still contains important guidelines that help taxpaying pilots and flight attendants determine whether a given expense is tax deductible. For example, recently wristwatches were included in IRS Publication 529 as an expense that CANNOT be deducted. Wristwatches were always a borderline personal expense, but IRS Publication 529 specifically made wristwatches unallowable deductions.

 

The wristwatch tax deduction example is a perfect example of how a pilot or flight attendant should go about determining if an employee business expense is tax deductible.

For a more detailed list of airline flight crew tax deductions, the EZPERDIEM.COM Articles and the EZPERDIEM.COM Expense ProcessorTM can help flight crews find them.

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