DMV Crackdown

Lou SG2340 · 08-09-2008, 01:20 PM

This is from the Federal Motor Carrier Safety Regulations reguarding CDL'S & racing concerning exemption 390.3(f)(3)
Does the exemption in 390.3(f)(3) for the occasional transportation of personal property by individuals not for compensation nor in the furtherance of a commerical enterprise apply to persons who occasionally use CMV to transport cars, boats, horses, etc to races, tournaments, shows or similar events, even if prize money is offered at these events?
Guidence
The exemption would apply to this kind of transporation, provided: (1) The underlining activities are not undertaken for profit,ie(a) prize money is declare as ordinary income for tax purposes, and (b) the cost of the underlying activities is not deducted as a bussiness expense for tax purposes, and, where relevant(2) corporate sponsership is not involved. Drivers must confer with their State of licensure to determine the licensing provisions to which they are subject.

In short, claim any thing you get a 1099 for & don't carry a copy of your tax return to show the officer.

AS Drag Racers we do a sport where 75% of us loose by 2ed rd. & don'tget a dime.

I carry the Federal Motor Carrier book in the motor home in case I am stopped. I have this passage marked. Have not had a problem in 10 yrs.

08-09-2008, 01:20 PM	#34
Lou SG2340 Member Join Date: May 2008 Location: Disputanta Va (30 minutes from VMP) Posts: 122 Likes: 0 Liked 0 Times in 0 Posts	Re: DMV Crackdown This is from the Federal Motor Carrier Safety Regulations reguarding CDL'S & racing concerning exemption 390.3(f)(3) Does the exemption in 390.3(f)(3) for the occasional transportation of personal property by individuals not for compensation nor in the furtherance of a commerical enterprise apply to persons who occasionally use CMV to transport cars, boats, horses, etc to races, tournaments, shows or similar events, even if prize money is offered at these events? Guidence The exemption would apply to this kind of transporation, provided: (1) The underlining activities are not undertaken for profit,ie(a) prize money is declare as ordinary income for tax purposes, and (b) the cost of the underlying activities is not deducted as a bussiness expense for tax purposes, and, where relevant(2) corporate sponsership is not involved. Drivers must confer with their State of licensure to determine the licensing provisions to which they are subject. In short, claim any thing you get a 1099 for & don't carry a copy of your tax return to show the officer. AS Drag Racers we do a sport where 75% of us loose by 2ed rd. & don'tget a dime. I carry the Federal Motor Carrier book in the motor home in case I am stopped. I have this passage marked. Have not had a problem in 10 yrs.