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Thread: If you buy gas from Indians - you cant include that buisness cost when filing taxes

  1. #16
    Member BorderBob's Avatar
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    What I always find fascinating about these discussions is how the Indians rip you off for 30 cents or so profit on each gallon of gas and you cheer because you get a mere 15 cents off non-reservation gas. While your local gas seller, living in the real world of NYS taxes, gets 3-5 cents profit per gallon.


    b.b.

  2. #17
    Member nogods's Avatar
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    Quote Originally Posted by NY The Vampire State View Post
    I didn't make anything up. That's what it says on the top of the page... Scroll up and look at the first post.

    So if someone buys diesel from the res, puts it in a backhoe and does a job, can they write the fuel off legally?

    What about an on road application like a pickup truck used for business? Can that fuel from the res be written off?
    The whole point of the earlier post was that OP was full of crap. The tax department memo says nothing about deducting the cost of fuel. It only addresses the claim for fuel tax credits based on fuel purchased in NYS. All the memo does is say that a person subject to highway use tax/Fuel tax cannot claim a credit for fuel taxes paid on the IFTA return for fuel purchased from reservations because they don't charge the customer fuel taxes.

    Ii's so simple even a caveman could understand it. But apparently the OP can't comprehend what he finds on the net, so he just makes up inane assertions for thread titles.

    The cost of the fuel is deductible if used for business purposes. The fuel tax has nothing to do with deducting the cost of the fuel. Just like sales tax one avoids by buying a business computer on the net has nothing to do with taking a section 179 deduction for the cost of the computer. You can take a section 179 deduction for the computer but you can't deduct a sales tax you didn't pay, and if you file a use tax return, you can't take credit for the sales tax you never paid. But you can still deduct the actual amount you did pay for the computer on your income tax return.

  3. #18
    Member NY The Vampire State's Avatar
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    Quote Originally Posted by BorderBob View Post
    What I always find fascinating about these discussions is how the Indians rip you off for 30 cents or so profit on each gallon of gas and you cheer because you get a mere 15 cents off non-reservation gas. While your local gas seller, living in the real world of NYS taxes, gets 3-5 cents profit per gallon.


    b.b.
    What's wrong with that? Everyone makes out but the Gov-mint... My kind of world!
    Democrats & Republicans Suck Alike.

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