THREE TAX TIPS
TO STAY AFLOAT
THIS TAX SEASON
TIPS FROM RV TAX EXPERT HONEY C. SHELLMAN
TIP
1
Working RVers need to be aware that there are no specific
income tax provisions for RVers. Your best bet is to keep
scrupulous records and take every possible deduction you are
entitled to as if you didn't own and work from a motor coach.
As with most things, there are many gray areas and taking
a deduction for business travel expenses in a motor coach
are filled with potholes. The biggest stumbling block will be
transferring your tax home to a new location. Best to talk
with a tax professional who is familiar with the RV lifestyle to
tackle these issues.
TIP
2
If you are retired, transferring your legal residency to a tax free
state may be your best bet. That being said, it is my experience
that states who don't levy an income tax will usually have
much higher property and sales taxes. These states need to
generate revenue somehow! It's best to be informed prior to
making a big move. There is more to life than taxes, so if I
loved living in North Carolina, for example, I wouldn't be
moving to a state I hated just to avoid state income taxes.