Eric is a licensed commercial pilot who works for Snipe Charter Jet Service. Typ

Question

Eric is a licensed commercial pilot who works for Snipe Charter Jet Service. Typically, Eric, who lives near the airport, flies a charter out of Tupelo, Mississippi, to either Las Vegas or Reno, spends several nights there, and then returns home with the same group. Snipe provides Eric with a travel allowance of $1,800 per month but requires no accountability. For the current calendar year, Eric had the following job-related expenses:

The uniforms are required to be worn on the job. The Federal Aviation Administration requires the annual physical exam for the maintenance of a commercial pilot's license.

How may Eric treat these expenses for Federal income tax purposes?

Eric (a) (Select: must include, may exclude Item) the travel allowance of (b) $__________ in his gross income for the year. His allowable expenses of (c) $__________ are deductible (d) (Select: from AGI, for AGI Item) .

Meals $7,000 Lodging 10,000 Transportation (taxis, limos) 500 Uniforms 1,300 Dry cleaning of uniforms 400 Annual physical exam 1,500

Explanation / Answer

Yes he can treat these expenses for federal income tax purpose, these type expenses are allowable.

Travell allowance fully include in his income =1800*12=21,600

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