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1975 JOHN DEERE CONSTRUCTION EQUIPMENT ILLUST PURCHASING GUIDE CATALOG BOOK EXC
1975 JOHN DEERE CONSTRUCTION EQUIPMENT ILLUST PURCHASING GUIDE CATALOG BOOK EXC
US $24.99
 John Deere Construction Equipment Purchasing Guide 1980 JD755, JD750, JD570...
John Deere Construction Equipment Purchasing Guide 1980 JD755, JD750, JD570...
US $31.20
 John Deere 1989 construction Equipment Purchasing Guide
John Deere 1989 construction Equipment Purchasing Guide
US $9.99
 John Deere 1976 Construction Equipment Purchasing Guide
John Deere 1976 Construction Equipment Purchasing Guide
US $17.89
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1985 86
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1985 86
US $25.00
 JOHN DEERE PURCHASING GUIDE 1989 1990 FORESTRY CONSTRUCTION EQUIPMENT BROCHURE
JOHN DEERE PURCHASING GUIDE 1989 1990 FORESTRY CONSTRUCTION EQUIPMENT BROCHURE
US $7.50
 Genuine John Deere Construction Equipment Purchasing Buyer's Guide for 1981 C
Genuine John Deere Construction Equipment Purchasing Buyer's Guide for 1981 C
US $19.95
 JOHN DEERE 1979 CONSTRUCTION EQUIPMENT PURCHASING GUIDE BRUCHURE BOOKLET BOOK
JOHN DEERE 1979 CONSTRUCTION EQUIPMENT PURCHASING GUIDE BRUCHURE BOOKLET BOOK
US $19.99
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1984 1985
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1984 1985
US $25.00
 JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1973
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1973
US $25.00
 JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT
US $25.00
 John Deere 1973 Construction Equipment Purchasing Guide
John Deere 1973 Construction Equipment Purchasing Guide
US $10.73
John Deere 1989 Construction Equipment Purchasing Guide
John Deere 1989 Construction Equipment Purchasing Guide
US $10.73
 John Deere 1985 Construction Equipment Purchasing Guide
John Deere 1985 Construction Equipment Purchasing Guide
US $10.73
 John Deere 1988 Construction Equipment Purchasing Guide
John Deere 1988 Construction Equipment Purchasing Guide
US $10.73
 John Deere 1990 Construction Equipment Purchasing Guide
John Deere 1990 Construction Equipment Purchasing Guide
US $10.73
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1985 1986
JOHN DEERE PURCHASING CONSTRUCTION EQUIPMENT 1985 1986
US $25.00
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Construction Equipment Purchasing
I am filing a 1040 with a Schedule C and Schedule SE, how can I reduce my tax liability?

I made 16,686 during the 2007 year of nonemployee compensation from my 1099-MISC, I have some expenses from driving my vehicle and purchase of equipment, I work in construction, but other than that I do not have any dependents, I am not a student, I am single and I don't own a home. What type of deductions or credits are available for me? I didn't make that much and I have no idea how to reduce my liability since I had none withheld and don't have many of the circumstances others have for credits and deductions. I don't even qualify for the Earned Income Credit. Can anyone help me as to possible credits or other deductions that I am not seeing which could help me reduce my liability, because the way I did them I would own around $2,000 back to the IRS. :(

Ignore De Deuce.

You can take EITHER business portion of actual expenses for operating your truck OR the standard mileage rate (48.5 cents/mile for 2007). This is for mileage between job sites or from office to clients' offices not for commuting from home unless you have a QUALIFIED home office.

If you take actual expenses you have to deduct depreciation on your truck over 5 years (not seven) along with other car/truck expenses including gas, oil changes and other maintenance, auto club, tires, washing, etc.

You will still need a mileage log even if you take the actual expenses because you will need to determine the business % of expenses. You take total mileage divided by business mileage to come up with business %. You then multiply total expenses by business %.

To have a qualified home office you must have an area used exclusively and regularly for business. If you have such a home office, then you can deduct a portion of your mortgage or rent, insurance, electrical, business phone calls on home phone (or all telephone costs of a second phone used for business) , maintenance and repairs and property tax. The percentage used is found by taking your total area of the home divided by area used for home office.

NOTE: If you use a spare bedroom as a home office, you cannot use it as a guest room at all. It would not be used exclusively for business in that case.



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